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Jan 12, 2023Luxembourg Stock Exchange | New rules and regulations and new Euro MTF Fast-Lane Procedure
Updated Rules & Regulations of the Luxembourg Stock Exchange On 18 October 2022, Luxembourg Stock Exchange (“ LuxSE”) published an updated LuxSE Rules & Regulations 2022 and LuxSE Trading Manual 2022 . The purpose of this update was the introduction of a new Fast-Lane procedure for admission to
Jan 12, 2023MAR and CSDR | ESMA updates its Q&As
In October and November 2022, ESMA updated its Questions and Answers (“ MAR Q&A”) on Regulation (EU) No. 596/2014 (the “ Market Abuse Regulation” or " MAR"), and its Questions and Answers (“ CSDR Q&A”) on Regulation (EU) No. 909/2014 (the " CSDR"). With the latest update of the MAR Q&A, ESMA amended
Jan 11, 2023New CSSF FAQ on Sustainable Finance Disclosure Regulation (SFDR)
On 2 December 2022, the CSSF issued a FAQ (the " CSSF FAQ") in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (" SFDR") and Commission Delegated Regulation (EU) 2022/1288 (" SFDR RTS"
Jan 10, 2023ECJ rules reporting requirements under DAC 6 incompatible with legal professional privilege
In a judgment dated 8 December 2022 in the case C-694/20 Orde van Vlaamse Balies, the European Court of Justice (" ECJ" or the " Court") sitting in Grand Chamber handed down a decision concerning the compatibility of Directive 2011/16/EU on administrative cooperation in the field of taxation as
Jan 09, 2023Transparency Law | CSSF enforcement priorities
Background On 2 January 2023, 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
Jan 03, 2023Budget Law 2023 passed | Brief overview of the main tax changes
The Budget Law for the year 2023 (the “ 2023 Budget Law”), although falling short of the long awaited substantial tax reform, does provide for some tax amendments that may be of interest to individuals and employers as well as to corporations and investment funds. The 2023 Budget Law contains
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