Latest Newsflashes
Jul 06, 2022Draft laws transposing EU directive 2019/1158 of 20 June 2019 on work-life balance for parents and carers
In line with the Government’s will to encourage a more equal sharing of family responsibilities between women and men, two draft laws No.8016 and No.8017 have been presented in June before the Luxembourg Parliament ( Chambre des Députés) (together the “ Draft Laws” and each a “ Draft Law”). The
Jul 05, 2022MICA | Regulation of distributed ledger technology
The first cornerstone: the adoption of the Markets in Crypto-assets (“MiCA”) regulation On 30 June 2022, the European Parliament and Council reached a provisional agreement on the MiCA regulation (the " MiCA Regulation"), providing a long-awaited legal framework for crypto-assets. The MiCA
Jul 01, 2022MiFID II and MiFIR | ESMA: updated Q&As and CSSF adoption of final report on appropriateness and execution-only requirements
Since we last provided an update on ESMA's Questions and Answers (" Q&As") on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (" MiFID II") and Regulation (EU) 600/2014 of 15 May 2014 on markets of financial instruments (" MiFIR") in our January 2021 newsletter, the following
Jun 30, 2022MAR | CSSF circular transposing new ESMA guidelines on delay of disclosure of inside information
On 13 April 2022, ESMA published updated guidelines on delayed disclosure of inside information (the " Guidelines") pursuant to Regulation (EU) 596/2014 of 16 April 2014 on market abuse (" MAR"). The purpose of the Guidelines is to provide a non-exhaustive list of legitimate interests of issuers
Jun 30, 2022CSSF Circular 22/811 | UCI administrators
On 16 May 2022, the Commission de surveillance du secteur financier (the “ CSSF”) issued Circular 22/811 on the authorisation and organisation of entities acting as UCI administrators (the " Circular"). In the Circular, the CSSF repeals Chapter D of IML Circular 91/75 setting out the rules
Jun 29, 2022New circular on defensive measures against non-cooperative jurisdictions
On 31 May, 2022, the Luxembourg tax authorities (“ LTA”) issued a new circular (the “ Circular”) on defensive measures against non-cooperative jurisdictions. This Circular replaces a previous circular (dated 2018) on the same subject and follows the introduction, in 2021, of Article 168 (5) of the
Pagination