Newsflashes

On 10 October 2024, the draft law n° 8369 (the “ Draft Amendment Law”) amending the amended Law of 19 July 2004 on municipal planning and urban development (the “ Municipal Planning and Urban Development Law”), which aims to extend the initial period of validity of building permits from one year to

The CSSF issues a reminder to UCI Administrators on contract obligations and new annual reporting requirements under Circular CSSF 22/811. Contractual compliance: essential elements and disclosures The CSSF's recent 3 September communiqué underlines the importance of compliance with the contractual

The CSSF issued on 24 July 2024 a clarification regarding the controls Luxembourg depositaries must implement when handling AIFs investing in illiquid assets. The CSSF has observed inconsistencies in how depositaries approach their safekeeping duties, particularly in ownership verification and

On 8 October 2024, the Council of the EU adopted a package of new measures which are commonly referred to as the "Listing Act" consisting of: an amending regulation amending Regulation (EU) 2017/1129 (the " Prospectus Regulation"), Regulation (EU) 600/2014 (" MiFIR") and Regulation (EU) 596/2014 ("

On 9 October 2024, Luxembourg’s Finance Minister submitted draft budget law No. 8444 to the Luxembourg Parliament (the “ Draft Budget Law”). The main tax measure is the reduction by fifty percent of the taxable basis for registration and transcription duties applicable to real estate acquisitions

On 11 September 2024 the CSSF updated its “ Guidelines on cross-border marketing notification and de-notification procedures ” (“ Guidelines”) in order to meet its obligations in relation to the reporting of cross-border marketing of AIFs and UCITS. This update is in accordance with Article 13 of