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Background On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements under Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy (EUT), and the Corporate Sustainability Due Diligence Directive (CSDDD), the

Starting April 2025, the CSSF has introduced a new e-Identification system to replace the current VISA procedure for fund prospectuses, including UCITS, Part II UCIs, SICARs, and SIFs. The key changes include: each prospectus will receive a unique identification number and an e-Identification date

The Administration de l’enregistrement, des domaines et de la TVA (“ AED”) in Luxembourg launched a campaign on 25 February 2025 inviting all alternative investment funds (“ AIFs”) to submit certain documentation in order to allow the AED to carry out its AML oversight obligations. Some of the

On 12 February 2025, the CSSF introduced a new simplified procedure for creating new share classes that do not require a prospectus update. This applies to UCITS, UCI Part II, SIFs, and SICARs. The key points include that : the procedure is available only for share classes whose characteristics are

On 13 December 2024, ESMA published Q&As containing further details on specific aspects of the practical application of the Guidelines on funds' names using ESG or sustainability-related terms The Q&As apply to UCITS and AIF and are covering three specific topics: green bonds ( ESMA QA 2368 for

On 19 December 2024 and 2 January 2025, the CSSF has updated its Frequently Asked Questions (“ FAQs”) regarding the Luxembourg Law of 17 December 2010 on undertakings for collective investment (“ UCITS”)(“ the 2010 Law”). New questions were introduced by the CSSF (12.1) providing specific guidance