Latest Newsflashes
Nov 08, 2021CSSF Circular 21/785: new notification regime for material IT outsourcing
For more or less ten years, the Luxembourg financial sector has been increasingly looking and using for IT outsourcing solutions essentially due to costs reduction schemes following the latest financial crisis. On 14 October 2021, the Luxembourg financial market authority (the Commission de
Oct 22, 2021Focus | Immigration Overview in Luxembourg
A useful guide on immigration in Luxembourg which gives an overview on the different entries and residence permit requirements. Whether you are a EU citizen, a third country national or a UK national after Brexit, our employment & immigration law experts prepared this practical guide to help you
Oct 21, 2021Newsflash | Tax measures announced in 2022 Draft Budget Law
Tax measures presented in the Draft Budget Bill On 13 October 2021, the Luxembourg Finance Minister presented its 2022 draft Budget Bill (hereinafter the “ Draft Law ”), which includes no major tax reform consistent with the announcement made earlier this year to postpone the tax reform
Oct 12, 2021Amendments to AIFM Regulation and UCITS Directive to integrate sustainability considerations
The proposed sustainability amendments to Directive 2010/43/EU (the “ UCITS Directive”) and to Delegated Regulation (EU) 231/2013 (the “ AIFM Regulation”) integrating sustainability considerations into the organisational, operating and risk management obligations of authorised alternative investment
Oct 12, 2021Performance fees declaration
On 22 September 2021, the Commission de Surveillance du Secteur Financier (“ CSSF”) published (the “ Communication”) on its website inviting investment fund managers (“ IFMs”) to proceed with a declaration regarding performance fees (the “ Declaration”). The Communication has been issued in the
Oct 12, 2021European Commission’s response to questions on the interpretation of SFDR
On 14 July 2021, the European Commission (EC) responded to the letter of 7 January 2021 addressed to it by the European Supervisory Authorities (ESAs) in relation to the application of Regulation (EU) 2019/2088 on sustainability - related disclosures in the financial services sector ( “ SFDR”). The