Newsletters & Newsflashes

On 22 October 2025, the District Court of Luxembourg handed down a jugement sur accord in the criminal case relating to the collapse of KAUPTHING BANK LUXEMBOURG S.A. ("Kaupthing") in October 2008. Under this judgement, each of the defendants was sentenced to a financial penalty of €75,000 in the

The Listing Act (Regulation (EU) 2024/2809) was designed to improve access to public capital markets for EU companies, especially small and medium-sized enterprises, by reducing administrative burdens associated with listing whilst safeguarding market integrity. Following ESMA's technical advice

Luxembourg issuers preparing their 2025 annual reports face heightened regulatory scrutiny alongside new filing requirements taking effect mid-2026. This article summarises three developments for issuers subject to the law of 11 January 2008 on transparency requirements for issuers of securities, as

What do banks, insurers and other financial institutions need to know about AI compliance under EU law? The EU Artificial Intelligence Act (Regulation (EU) 2024/1689) (the " AI Act") entered into force on 1 August 2024 (with phased implementation beginning 2 February 2025 and general application

The European Supervisory Authorities (being the EBA, EIOPA, and ESMA, "ESAs”) have published a comprehensive guide (the “ Guide”) on oversight activities for critical Information and Communication Technology (ICT) third-party providers ( "CTPPs”) under the Digital Operational Resilience Act (

Draft amendment regulation to amend Commission Delegated Regulation (EU) 2017/567 The latest legislative amendments to MiFIR were introduced by Regulation (EU) No 2024/791 (" MiFIR review"). The MiFIR review removed barriers to the creation of three consolidated tape providers (for bonds, shares and

The Corporate Sustainability Reporting Directive (CSRD), adopted on 14 December 2022, sets out a EU framework requiring certain companies to comply with sustainability reporting and due diligence obligations. Initially, Member States were required to transpose the CSRD into national law by 6 July

The Draft Law No. 8627 (the " Draft Law"), was presented to the Luxembourg Parliament on 2 October 2025, aiming to transpose: the Capital Requirements Directive VI: Directive (EU) 2024/1619 of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches

Background On 27 June 2025, the Luxembourg Parliament introduced Draft Law No. 8567, which aims to transpose and implement a set of recent EU directives and regulations that collectively establish and regulate the European Single Access Point (ESAP) – a centralised digital platform designed to

Since our last newsletter, ESMA has released updated Q&A s, supervisory guidelines, a peer review, further guidelines on staff competence, and a public statement – all regarding the implementation of Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets (“ MiCA”). Supervisory

Further to the entry into force of the Listing Act , ESMA published various final reports providing technical advice and updated its Q&As. These include: ESMA's final report on the technical advice concerning MAR and MiFID II SME growth markets ESMA's final report on the technical advice concerning

On 28 May 2025, the European Commission adopted its EU Startup and Scaleup Strategy (the " Strategy") - a coordinated EU-level framework designed to support the creation, growth and internationalisation of innovative startups and scaleups. The Strategy sets out 26 legislative, regulatory and