Newsletters & Newsflashes

On 15 February 2024, Commission Delegated Regulation (EU) 2024/584 of 7 November 2023 (the “ New Delegated Regulation ”) amending the regulatory technical standards laid down in Delegated Regulation (EU) 2019/1851 (the “ 2019 Delegated Regulation”) as regards the homogeneity of the underlying

ESMA | Public statement on sustainability disclosure in prospectuses EU Securitisation Regulation – ESMA | Updated Q&A Draft Law No. 8291 on the digital operational resilience of the financial sector MiFID II and MiFIR | ESMA and CSSF updates Virtual Asset Service Providers | New CSSF Q&A

Updates on MiFID II and MiFIR On 15 December 2023, ESMA updated their questions and answers (“ Q&A”) on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (“ MiFIR”) with respect to the investor

Introduction The use of digital tools by consumers has been increasing at a rapid pace in recent years, including for the conclusion of financial services. It is in this context that the European Commission has taken action to increase consumer protection by updating the EU’s legislative arsenal

Background On 8 January 2024, the CSSF published a press release for the attention of issuers of securities subject to the law of 11 January 2008 on transparency requirements for issuers of securities, as amended (the " Transparency Law") and their auditors (the " Press Release"). With this Press

Directive (EU) 2021/2167 of 24 November 2021 on credit servicers and credit purchasers and amending Directives 2008/48/EC and 2014/17/EU (the “ Directive”) which will regulate the sale, purchase and servicing of non-performing loans originated by EU Banks should have been transposed in all Member

Sustainable finance | CSSF supervisory priorities Markets in crypto-assets (MICA) | EU framework DLT | Most recent developments Crowdfunding Regulation | New ESMA Q&A MiFID II and MiFIR | ESMA guidelines and FAQ

On 11 July 2023, ESMA issued a public statement on the sustainability disclosure expected to be included in prospectuses in order to satisfy the requirements of Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to

On 4 August 2023, the draft law No. 8291 (the " Draft Law") aimed at (i) implementing Regulation (EU) 2022/2554 of 14 December 2022 on the digital operational resilience of the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU)

On 17 August 2023, the CSSF published its first set of questions and answers on virtual asset service providers (" VASP") (the " Q&A "). In its Q&A, the CSSF provides clarity on some key questions, such as who has to register as a VASP with the CSSF and when that registration should be done

Since our last newsletter, ESMA has published the following in relation to Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (" MiFIR"): Final Report on the review of the technical standards for

On 13 July 2023, ESMA updated its questions and answers (“ Q&As”) in relation to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “ Securitisation Regulation