Newsflashes

Updates on MiFID II and MiFIR On 15 December 2023, ESMA updated their questions and answers (“ Q&A”) on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (“ MiFIR”) with respect to the investor

Introduction The use of digital tools by consumers has been increasing at a rapid pace in recent years, including for the conclusion of financial services. It is in this context that the European Commission has taken action to increase consumer protection by updating the EU’s legislative arsenal

Entry into force of new regulation and its purpose On 30 November 2023, Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (the “ EuGBs Regulation”) was published in the

New technical standards for identification of shadow banking entities On 12 December 2023, Commission Delegated Regulation (EU) 2023/2779 of 6 September 2023 was published (the " New Delegated Regulation"). The New Delegated Regulation supplements Regulation (EU) 575/2013 (the “ Capital Requirements

Background On 8 January 2024, the CSSF published a press release for the attention of issuers of securities subject to the law of 11 January 2008 on transparency requirements for issuers of securities, as amended (the " Transparency Law") and their auditors (the " Press Release"). With this Press

In four rulings dated 17 November 2023, the Luxembourg Constitutional Court answered preliminary questions put to it in disputes involving the municipalities of Leudelange and Niederanven. The question relates to the definition of the concept of “adjusted population” ( population ajustée), which is