Newsflashes

On 9 April 2020, the CSSF published a communication announcing a new, weekly questionnaire (the " Questionnaire") applicable to investment fund managers authorized by the Law of 17 December 2010 relating to undertakings for collective investment (the " 2010 Law") or the Law of 12 July 2013 on

On 13 February 2020, the Higher Administrative Court ( Cour administrative) issued a ruling (docket No. 43707C) after an appeal lodged by the Luxembourg State against a judgment of the Lower Administrative Court ( Tribunal administratif), which had decided, by reformation of a decision of the

In a judgment of 28 January 2020, the Luxembourg lower administrative court ( Tribunal administratif) held once again that advance tax agreements are binding upon the Luxembourg Tax Administration (“ LTA”). In February 2013, the taxpayer, a société anonyme incorporated under Luxembourg law (the “

On 20 February 2020, a draft law was presented to the Luxembourg Parliament with the purpose of introducing amendments to the Luxembourg legislation implementing the Common Reporting Standard (“ CRS”) and the Foreign Account Tax Compliance Act (“ FATCA”), the two main frameworks for automatic

On 31 March 2020, ESMA launched a consultation paper in order to draft implementing technical standards (“ ITS”) in accordance with regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “ Regulation”). According to the Regulation (covered in

On 3 April 2020, ESMA published its guidelines on performance fees in investment funds, which will be applicable to both UCITS and certain types of AIFs. The guidelines will be translated into the official EU languages. They will become applicable two months after the publication of the translations