Newsletters & Newsflashes

ESMA | Public statement on sustainability disclosure in prospectuses EU Securitisation Regulation – ESMA | Updated Q&A Draft Law No. 8291 on the digital operational resilience of the financial sector MiFID II and MiFIR | ESMA and CSSF updates Virtual Asset Service Providers | New CSSF Q&A

CJEU judgement on VAT treatment of directors’ fees ECJ Rules in favour of Amazon in State aid case The minimum net wealth tax rules for holding companies ruled unconstitutional EC Proposal for a Transfer Pricing Directive Directive proposal establishing a head office tax system for SMEs in Europe

New provisions in favor of highly qualified third-country workers Social Elections 2024: are you ready?

In a press release dated 22 November 2023, the CSSF announced its 2023 Financial Crime Survey (" 2023 Survey") will start on 19 February 2024. Scope of application All financial professionals and entities subject to the supervision of the CSSF are required to participate in the 2023 Survey. The aim

On 4 December 2023, the European Supervisory Authorities (“ ESAs”) published a final report setting out proposals to amend the draft regulatory technical standards (“ RTS”) to Commission Delegated Regulation 2022/1288 (the “ SFDR Delegated Regulation”). The final report responds to a mandate sent by

Introductory note Regulation 2022/2560 on foreign subsidies distorting the internal market was adopted on 23 December 2022 and entered into force on 12 July 2023 (the " Regulation"). Nonetheless, certain of its provisions, relating, in particular, to the involvement of national officials in

New technical standards on risk retention requirements for securitisation On 19 October 2023, Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 was published (the " Delegated Regulation"). The Delegated Regulation supplements the Regulation (EU) 2017/2402 (the (“ EU Securitisation

On 2 November 2023, the CSSF issued circular CSSF 23/844 (the " Circular") aiming to clarify the technical details regarding reporting obligations for Alternative Investment Fund Managers (“ AIFMs”). The Circular repeals the CSSF circular 14/581. Reporting obligations of AIFMs Directive 2011/61/EU

Key takeaways The Luxembourg tax authority published a “frequently asked question” (“ FAQ”) on 7 December 2023 providing guidance on application of the new EU obligations of digital platform operators (Council Directive (EU) 2021/514) on administrative cooperation in the field of taxation

Background On 19 December 2023, ESMA published a final report on the proposed level 2 regulatory technical standards (the “ Final Report”) for Regulation (EU) 2015/760 of 29 April 2015 on the European Long-term Investment Fund , as amended (the “ ELTIF Regulation”). The amended ELTIF Regulation

The Virtual Assets FAQ, a go-to resource for understanding virtual assets in fund management, has seen notable changes in 2023. Here is what you need to know. Revised Question 2 : The New Rulebook for Virtual Asset Investments Question 2 has undergone a significant revamp in 2023. It is not just