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[Updated on 18/05] On 14 May 2020, the CSSF published recommendations for supervised entities on telework and a possible return to the office (the “ Recommendations”). The CSSF pointed out that the recent easing of COVID-19 related restrictions by the Luxembourg government doesn’t mean the end of

On 13 May 2020, the CSSF published a communication announcing a notification obligation (the " IFM Notification") applicable to certain investment fund managers (the " IFMs") and relating to significant developments and issues in investment vehicles under their management. The IFM Notification is an

CONTEXT The ongoing COVID-19 pandemic and the related restricting measures taken by governments worldwide which has put billions of people in confinement has rapidly driven our economies into global recession. The social and financial consequences of the outbreak represent a major challenge for

By law dated 12 May 2020 (the “ Law”), the Chamber of Deputies of the Grand-Duchy of Luxembourg introduced temporary derogations from accounting requirements for financial sector entities, including funds, in the context of the fight against Covid-19 virus. The temporary derogations concern only

Background On 9 April 2020, the CSSF published Circular 20/739 on the application of the “ Guidelines on the Reporting under Articles 4 and 12 Securities Financing Transactions Regulation” (hereafter “ SFTR”), which were published on 6 January 2020 by the European Securities and Markets Authority (“

On 3 April 2020, the Secretariat of the Organisation for Economic Co-operation and Development (“ OECD”) published some guidance on certain tax issues arising when applying international tax treaties based on the OECD Model Convention (“ OECD Model”) when, as a result of the COVID-19 crisis