Latest Newsflashes
May 29, 2025AML/CFT | CSSF FAQ on Market-Entry Form - Update
On 26 May 2025, the CSSF published Version 8 of its FAQs on the AML/CFT Market-Entry Form (“ MEF”) relating to the completion of the MEF to be submitted via eDesk. This document provides clarifications on the circumstances in which the MEF must be submitted or updated, and on the information and
May 29, 2025VAT I Draft directive on VAT rules for distance sales of imported goods
On 13 May 2025, the Council announced that it has reached an agreement on the VAT rules for distance sales of imported good and import VAT. In the future, foreign traders or platforms will be made liable for import VAT and VAT on distance sales of imported goods in the Member State of the final
May 27, 2025Q&As on PRIIPs KID I Joint Committee of ESAs updates: May 2025
On 5 May 2025, the Joint Committee of the European Supervisory Authorities ( ESAs) (that is, the EBA, EIOPA and ESMA) published an updated version of its Q&As (JC 2023 22) on the Regulation on key information document ( KID) requirements for packaged retail and insurance-based investment products
May 21, 2025ECJ Case law | No to investors purchasing a Member State’s citizenship
In a landmark judgment adopted on 29 April 2025 in case C-181/23 Commission vs. Malta, the Grand Chamber of the Court of Justice (the “ Court”) of the European Union (EU) found that, by amending its citizenship legislation to facilitate the acquisition of the Maltese citizenship by wealthy
May 06, 2025UCI Administrator | FAQ Circular CSSF 22/811 update
The CSSF published on 17 April 2025 a 4 th version of the FAQ in order to add a question 6.1. The question raised relates to the notion of “central administration” within the meaning of the 2010 Law, the 2007 Law and the 2004 Law and whether it is identical to the notion of “UCI administration”
Apr 24, 2025Newsflash | Landmark decision on qualification of financial instruments & non-recognition of a foreign permanent establishment
On 17 April 2025, the Luxembourg Higher Administrative Court ( Cour administrative), delivered its long awaited decision on case n° 50.602C pertaining to the qualification of interest free loans under Luxembourg tax law and the existence of a permanent establishment in a treaty jurisdiction. With
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