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On 7 July 2026, ESMA published a supervisory briefing on “ Triangular Passporting ” under Directive 2014/65/EU on markets in financial instruments (" MiFID II”, the “ Briefing”). Asset managers with MiFID permissions should review their cross-border structures now - ESMA expects full alignment with

On 15 July 2026, the CSSF updated its guidance entitled “Authorised Investment Funds and Islamic Finance”, initially published on 11 May 2011 (the “ Guidance”). The Guidance remains a high-level overview of the Luxembourg regulatory landscape applicable to Shariah-compliant investment funds. While

On 8 July 2026, in joined cases T-1079/23, T-1080/23 and T-214/24, Apple v. European Commission, the General Court of the European Union (the “ Court”) dismissed Apple’s challenges relating to its designation as a gatekeeper under the Digital Markets Act (the “ DMA”). The case raises focused

On 22 July 2026, the Luxembourg Higher Administrative Court ( Cour administrative ) (the “ Court”) (No. 53194C ) clarified the framework to assess the arm’s length character of a debt restructuring as well as the rules applicable to the accounting of debt and related interest for tax purposes. Facts

What third-country banks need to do before January 2027 The grandfathering period under the sixth Capital Requirements Directive (Directive (EU) 2024/1619) of the European Parliament and of the Council of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third

With the expiry of the grandfathering period under Directive (EU) 2024/1619 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks (the " CRD VI Directive") coming to an end, attention now turns to the Luxembourg