BSP Newsletter | October 2018

This newsletter is intended as a general discussion of the following topics: Capital Markets, Corporate, Employment, Fintech, Investment Funds and Tax.

If you would like to know more about the topics covered in this newsletter or our services please marketing [at] bsp.lu (subject: BSP%20Newsletter%20%7C%20October%202018) (contact us).

CAPITAL MARKETS

• Amendment of the Law of August the 1^st 2001 on the Circulation of Securities

CORPORATE

• Law of August 31^st 2018 concerning Societal Impact Companies
• Amendment concerning the Trade and Companies Register
• The Law on Commercial Companies dated August 10^th 1915 as amended | End of Transitory Period

EMPLOYMENT

• New Rules applicable to the Supervision of Employees
• Draft Law on the Time-Saving Account

FINTECH

• Annoucement CSSF - October 4^th 2018

INVESTMENT FUNDS

• Management Companies and AIFMS | CSSF Circular 18/698
• AIFMD | Updated CSSF FAQ
• Money Market Funds | CSSF FAQ
• AIFMD | Updated ESMA Q&A
• Benchmarks Regulation | Updated ESMA Q&A
• Non-UCITS Depositaries | Circular CSSF 18/697
• Application of the UCITS Directive | Updated ESMA Q&A

TAX

• VAT Letting of a Building Qualifies as Involvement in Management of Subsidiary
• Luxembourg Circular on Virtual Currencies
• Mandatory Disclosure of Cross-Border Tax Arrangements by EU Intermediaries - DAC 6
• OECD publishes Discussion Draft on Intra-Group Financial Transactions
• VAT Treatment of a Redemption of Shares in Kind
• Commission concludes that Luxembourg did not grant State Aid to Mc Donalds
• Commission Decision in Engie Fiscal State Aid Case
• ECJ Grand Chamber Judgment on Cross-Border Loss Relief for Permanent Establishements
• Simplified Registration and Collection Mechanisms for Non-Resident Taxpayers
• Distinction between Rental and Commercial Income under Luxembourg Tax Law