Newsflashes

On 2 July 2019, the Luxembourg Parliament ( Chambre des Députés) adopted the final text of the draft law No.7328 on prospectuses (the “ New Prospectus Law”) for the purposes of implementing Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the

On July 1 , 2019 the CSSF published Circular 19/722 relating to recent declarations of the Financial Action Task Force (“ FATF”). Jurisdictions with substantial and strategic deficiencies FATF maintained its position that the Democratic People's Republic of Korea (DPRK) is a jurisdiction whose anti

On 1 July 2019, the CSSF published Circular 19/721 (the " Circular") regarding dematerialisation of requests to the CSSF. The Circular establishes an eDesk portal to serve as a tool of communication between the CSSF and all Luxembourg regulated funds (UCITS, Part II UCIs, SIFs, SICARs) as well as

On 21 June 2019, the International Labour Organization (“ ILO”) adopted Convention No.190 concerning the elimination of violence and harassment in the world of work (hereafter the “ Convention”) and the associated recommendation No. 206 (hereafter the “ Recommendation”). Content The Convention

The Luxembourg law of 26 June 2019 on the protection of undisclosed know-how and business information (“ trade secrets”) against their unlawful acquisition, use and disclosure (the “ Law”) has been published in the Mémorial on 28 June 2019. The Law seeks to transpose Directive (EU) 2016/943 of 8

On 24 June 2019, the European Securities and Markets Authority (“ ESMA”) published a questionnaire , which aims at collecting evidence about what aspects of the financial sector could cause short-term pressure on companies. ESMA defines “short-termism” as “the focus on short time horizons by both