Newsflashes

On 24 February 2022, the European Banking Authority (" EBA ") published its guidelines (the " Guidelines ") on the limited network exclusion (" LNE ") under Directive (EU) 2015/2366 on payment services in the internal market (" PSD2 "). BACKGROUND Pursuant to Article 3(k) of PSD2 services based on

Implementation of a specific monitoring of the largest investment fund managers As a result of the prevailing market conditions relating to the current situation in Ukraine, the CSSF implemented on 25 February 2022 a specific monitoring of the largest investment fund managers (“ IFM”) in view of the

The amendments to the law of 22 March 2004 on securitisation (the “ Securitisation Law”) proposed by the much awaited draft law 7825 (the " Draft Law") are an encouraging development for investors, originators and sponsors alike, since they promise a more flexible and secure framework and aim at

Context The Luxembourg Supreme Court ( Cour de cassation), through its decision on 3 February 2022 (No. Cas-2020-00163), overruled a judgment issued by the Court of Appeal ( Cour d’Appel) on 8 July 2020 (No. 97/20-VII-CIV) and confirmed that a stay of execution ( sursis à exécution) granted by the

Today, the Luxembourg regulator (CSSF) issued the Circular 22/798 amending the Circular 12/548 of 30 October 2012 relating to Regulation (EU) N°236/2012 of the European Parliament and of the Council of 14 March 2012. This Circular 22/798 aims to reflect changes made by Commission Delegated

Following the adoption of the Law of 13 January 2019 establishing a Register of Beneficial Owners (hereinafter the " RBE Law") transposing Article 30 of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the