This newsletter is intended as a general discussion of the following topics: Capital Markets, Employment, Compensations & Benefits, AML Compliance, Banking & Financial Services, Investment Management, Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us.
COVID-19
- Esma Public Statement on Implications of the COVID-19 Outbreak on Half-year Financial reports
- COVID-19 | CSSF Communication on Measures for Return to on-site Work
- Extension of Immigration Deadlines and Imposition of Temporary Travel Restrictions
- New Arrangements for Short-time working beyond the State of Crisis
INVESTMENT MANAGEMENT
- EMIR | Updated ESMA Q&A
- Whistleblowing | CSSF publishes Reporting of Breaches of Financial Sector Regulations
- Assessment of the AIFM Directive by the European Commission
- Liquidity Risks in Investment Funds | ESRB Recommendations and CSSF Response
- CSSF Circular 20/744 on Indicators of Tax Offences in the Collective Investment Sector
- HM Treasury Consultation on Post-Brexit Overseas Fund Regime
- ESMA Briefing on the Supervision by NCAs of Costs applicable to UCITS and AIFS
- Sustainable Finance | Update
TAX
- Constitutional Court declares partners Non-Comparable to Married Couples
- Update on Double Tax Treaties
- Luxembourg Parliament modifies FATCA and CRS Laws
- European Commission requests Luxembourg to amend its Tax Legislation on certain Securitisation Entities
- Draft Law on VAT Intra-EU Distance Sales Regime
- DAC 2, DAC 6, CRS and FATCA Deadlines Extended
- Luxembourg Fiscal Unity Regime held Contrary to EU Law
- Opinion of the Advocate General of the ECJ on the Right to deduct VAT for Holding Companies
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