Newsflashes

On January 20 th 2022, the Luxembourg tax authorities (“ LTA”) issued circular PRE_IMM n° 1 (the “ Circular”), regarding the 20% real estate levy (the “ Real Estate Levy”) introduced by the Luxembourg law of 19 December 2020 (the “ Law”) and applicable since fiscal year 2021. The aim of the Circular

On 9 March 2022, the Luxembourg Ministry of Finance published the draft law No.7974 (the “ Draft Law”) which relates to the interest limitation rules. The purpose of the Draft Law is to amend Article 168bis of the Luxembourg income tax law (“ LITL”) by removing the reference to securitisation

On 9 February 2022, the Luxembourg Parliament ( Chambre des Députés) adopted the draft law 7825 (the " New Law"), which amends the law of 22 March 2004 on securitisation (the “ Securitisation Law”, and as restated pursuant to the New Law, the " Amended Securitisation Law"). The New Law was published

The CSSF’s new electronic filing platform ”electronic Reporting of Information concerning Issuers of Securities” ( eRIIS) is live since 4 March 2022 and can be accessed at this link. eRIIS provides issuers and other persons subject to the Luxembourg law of 11 January 2008 on transparency

On 3 February 2022, ESMA launched its Simple, Transparent and Standardised Register (the " STS Register") which, going forward, shall list all traditional securitisations notified to ESMA by the originators and sponsors as meeting the Simple, Transparent and Standardised (STS) requirements set out

On 20 January 2022, the European Securities and Markets Authority (“ ESMA ”) launched a Common Supervisory Action (“ CSA ”) with national competent authorities (“ NCAs ”) on valuation of UCITS and open-ended AIFs (the “ CSA on Valuation ”) across the European Union (the “ EU ”). Background of the