Newsflashes

On 25 February 2021, the Luxembourg Parliament ( Chambre des Députés) voted the law amending the law of 12 May 2020, adapting certain deadlines in fiscal, financial and budgetary matters in the context of the state of emergency (hereinafter the “ Law”). The Law follows a statement by the Ministry of

Launch of a common supervisory action on UCITS cost provision and performance On 6 January 2021, ESMA launched a Common Supervisory Action (CSA) with the National Competent authorities on the supervision of costs and fees of UCITS in the European Union (EU) taking into account the ESMA supervisory

Background Regulation (EU) 2020/1503 of 7 October 2020 on the European crowdfunding service providers for business (the “ Crowdfunding Regulation”), shall apply from 10 November 2021. The Crowdfunding Regulation aims to establish a brand new and safe legal framework for the crowdfunding activity

On 1 March 2021, the CSSF launched its new digital portal for the submission of prospectuses and related supplements and notification requests – the “ e-Prospectus”. Background The CSSF, as the national competent authority for the examination of approval and notification requests within the

In a judgment dated 25 February 2021, the Higher Administrative Court ( Cour administrative) confirmed a judgment of the Lower Administrative Court ( Tribunal administratif) concerning the lawfulness of injunction decisions issued to a Luxembourg company following a request for information from the

In its press release 21/05 on 23 February 2021, the CSSF communicated the new procedure for approval of a new sub-fund under existing fund structures. The process introduces the use of a single standardised questionnaire including information related to the Benchmark Regulation (“ BMR”), the