Latest Newsflashes
Jul 07, 2021ESG New European Commission package of measures
On the 21 April 2021, the European Commission released a package of measures to help improve the flow of money towards sustainable activities across the European Union, in line with the European Commission Sustainable Finance Action Plan which had already implemented the Taxonomy Regulation, the
Jul 07, 2021Infographic | Direct and indirect tax deadlines for funds
An infographic to summarise fiscal deadlines for funds in Luxembourg.
Jul 07, 2021CSSF updated Q&A | Application of MIFID II
On 10 June 2021, the Commission de Surveillance du Secteur Financier (the “ CSSF”) published an updated version of its Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment schemes (the “ UCITS FAQ”) and an updated version of
Jul 07, 2021Money Market Funds | CSSF Communiqué – Reporting Instructions
According to Article 37 of Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (“ MMFR”), the manager of a money market fund (“ MMF”) must report certain information to the competent authority of the MMF. On 4 May 2021, the CSSF published a “
Jul 06, 2021Draft law to implement EU crowdfunding regulation
The purpose of the draft law 7825, submitted to the Luxembourg Parliament ( Chambre des Députés) on 21 May 2021 (the “ Draft Law”), is to operationalise Regulation (EU) 2020/1503 of 7 October 2020 on the European crowdfunding service providers for business (the “ Crowdfunding Regulation”)
Jul 05, 2021The new rules to facilitate cross-border distribution of investment funds
On 21 May 2021, the Luxembourg Parliament ( Chambre des Députés) published an amended version of the Draft Law 7737 transposing the directive (UE) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border