Newsflashes

Since our last newsletter, ESMA updated its Q&A on the implementation of investor protection topics under the Market in Financial Instruments Directive 2014/65/EU of 15 May 2014 (" MiFID II") and on the Markets in Financial Instruments Regulation 600/2014 of 15 May 2014 (" MiFIR"): Q&A on MiFID II

On 11 February 2020, the OECD released its first transfer pricing guidelines (“ TP Guidance”) on financial transactions (OECD release) specifying how multinational companies should price intercompany financial transactions. Such guidelines constitute a follow up on the Base Erosion Profit Shifting (

While the World Health Organisation has just declared the COVID-19 epidemic a “pandemic”, with the virus having reached nearly 130,000 people since December 2019, managing the risk of the virus spreading in the workplace has become a major issue for every employer. Following the announcement of

Background The Securities and Futures Commission of Hong Kong (the “ SFC”) and the Commission de Surveillance du Secteur Financier (the “ CSSF”) signed on 15 January 2019 a Memorandum of Understanding concerning Mutual Recognition of Covered Funds (“ MRF”) between both countries. In relation to MRF

On 31 January 2020, the CSSF published press release 20/03 in the context of Brexit (the “ Press Release”). It refers to the CSSF’s press releases issued in 2019 on Brexit as well as the Luxembourg Laws of 8 April 2019 published in the context of the United Kingdom leaving the European Union without

On 18 February 2020, ESMA updated its Q&As in relation to Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the pubic or admitted to trading on a regulated market (the “ Prospectus Regulation”) with two new Q&As clarifying the permitted length