Newsflashes

On January 15 th 2019, the Commission de Surveillance du Secteur Financier (“ CSSF”) agreed to a Memorandum of Understating (“ MoU”) with the Securities and Futures Commission (“ SFC”) on the mutual recognition of funds. This MoU will allow Luxembourg-domiciled UCITS and Hong Kong public funds to be

HISTORICAL BACKGROUND On December 6 th 2017, the Luxembourg Parliament published two bills of laws (PL 7216 and PL 7217) aimed at implementing new transparency measures provided by Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or

On 11 January 2019, the Council of the Government approved a draft law on the amendment of articles L. 232-2 and L. 233-4 of the Luxembourgish Labour Code and article 28-1 of the amended Law on 16 April 1979 determining the general status of public servants (the “Draft law”). The main purpose of the

The State Administration of Foreign Exchange (“ SAFE”) released an updated version of the Foreign Exchange Administrative Provisions on the Domestic Securities Investment by Qualified Foreign Institutional Investors (“ QFII”) (the Regulation) on June 10 th 2018. Two days later, SAFE, together with

On January 11 th 2019, the Council of the Government ( Le Conseil de gouvernement) discussed a draft law (the “ Draft Law”) which has as its purpose the transposition into Luxembourg law of Directive (EU) 2017/828 of 17 May 2017 as regards the encouragement of long-term shareholder engagement (the “

In the last quarter of 2018, ESMA has twice updated its Questions and Answers (“ Q&A”) on Regulation (EU) No. 596/2014 of 16 April 2014 on market abuse (the “ Market Abuse Regulation”), to provide some more clarification regarding the delay of disclosure of inside information by credit/financial