Newsflashes

The Luxembourg Law of April 17 th 2018 on indices used as benchmarks (“ Luxembourg Benchmark Law”) was adopted in order to implement Regulation (EU) No. 2016/1011 of 8 June 2016 on indices used as benchmarks (" Benchmarks Regulation" or “ BMR”), which came into effect on January 1 st 2018. This

On April 19 th, the law of April 17 th 2018 on key information documents for packaged retail investment and insurance products (formerly draft Law 7199) (the “ Law”) was published in the Official Journal of Luxembourg. The law implements provisions of Regulation (EU) No. 1286/2014 (the “ Regulation”

A draft law n°7184 establishing the National Commission for Data Protection and implementing the General Data Protection Regulation ( GDPR) was published on September 12, 2017 (the “ Draft Law”). Proposals for amendments by the group of government delegates have been made on March 8, 2018 a.o. with

On March 28 th 2018 the European Securities and Markets Authority (“ ESMA”) updated its Questions and Answers on Prospectuses (“ Q&A”) to include one new question and answer on profit forecasts, specifically how it can be determined whether a profit forecast has been made. ESMA firstly reiterates

Further to the conclusions reached by the Council of the European Union on December 5 th 2017 on the European Union list of non-cooperative countries and territories for tax purposes (hereafter the “ EU List”), the director of the Luxembourg direct tax authorities (hereafter the “ ACD”) has issued a

The EU Commission, following the publication of its Sustainable Finance Action Plan in March 2018, published on May 24 th 2018 the following legislative proposals: (i) proposal for a regulation on the establishment of a framework to facilitate sustainable investments (the “ Taxonomy Proposal”), (ii)