Latest Newsflashes
Oct 25, 2024Sustainable Finance Insights Series - 21 | The CSSF issues Circular CSSF 24/863 applying ESMA Guidelines on funds’ names using ESG or sustainability-related terms
On 21 October 2024, the CSSF issued a Communiqué regarding the ESMA Guidelines on funds’ names (the “Guidelines”) The CSSF issued already a Communiqué on 21 August 2024, announcing the publication of the translated Guidelines in all official EU languages and making their applicability effective from
Oct 24, 2024Luxembourg Stock Exchange │ Updated Rules & Regulations & Trading Manual
The Luxembourg Stock Exchange (“ LuxSE”) has published on 2 September 2024: an updated version of its Rules and Regulations ( Edition 09/2024) (“ R&R”) an updated version of its Markets Trading Manual (“ Trading Manual”) as well as an updated version of the appendix on LuxSE’s professional segments
Oct 24, 2024DORA │ Latest Developments
Since our last newsletter in which we reported on the Digital Operational Resilience Act Regulation (EU) 2022/2554 (“ DORA”) and Directive (EU) 2022/2556 (the “ Directive”), in particular the enactment of the Luxembourg national law to transpose same, there have been several developments concerning
Oct 24, 2024MiFID II and MiFIR | ESMA updates
New Q&As Shortly after our last newsletter , in which we reported on recent developments in MiFID II and MiFIR, ESMA published a new Q&A on MiFID II and the topic of EMIR reporting. This Q&A clarified that derivatives on emission allowances not recognized under the EU ETS are included, in the
Oct 24, 2024Unfair terms in focus I Key amendments to Luxembourg’s Consumer Code
On 10 September 2024, the Luxembourg Consumer Code was amended by a Law of 27 August 2024 (the " Amending Law"). The Consumer Code regulates, amongst other things, contracts concluded between professionals and consumers (i.e. natural persons who are acting for purposes outside of a commercial
Oct 23, 2024ECJ Case Law I Enforceability of legal professional privilege vis-à-vis tax authorities confirmed
In a case involving a Luxembourg law firm which had been ordered by the Luxembourg Tax Authorities to disclose all documentation relating to advice given to a client for the purpose of an exchange of information upon request with the tax authority of another EU Member State, the Luxembourg Higher