Newsletters & Newsflashes

As of 1 October 2026, the procedure for applying for a first residence permit for third-country nationals wishing to settle in Luxembourg changed to align with the practices of other EU Member States. As indicated in a press release published by the Ministry of Foreign and European Affairs on 23

Luxembourg funds can issue native tokens, but a consolidated view and careful control agent notification remain essential, says the CSSF. On 2 October 2026, the CSSF published the first version of its FAQ on tokenisation , aimed at Luxembourg undertakings for collective investment (" UCIs") and

New rules require ESG rating providers to separate their rating activities from other business lines through tiered organisational safeguards. Commission Delegated Regulation (EU) 2026/872 of 21 April 2026 (the " Delegated Regulation") sets out regulatory technical standards (" RTS") specifying the

On 21 July 2026, the CSSF clarified under Q1 of the FAQ on Sustainable Finance Disclosure that changes to article 8 and 9 SFDR RTS precontractual templates must follow the same regime as any other changes made to the prospectus or issuing document (with some that could be considered as material)

Seven filing mistakes are adding weeks to Luxembourg fund launches. Here is how to avoid them. Most delays in Luxembourg fund authorisations are within the applicant's control, not the regulator’s. On 3 August 2026, the CSSF published updated statistics , current as of 30 June 2026, on how long it

Luxembourg’s proposed Article 28bis lets authorised-AIFM-managed SCSp/SCS funds create ring-fenced compartments without adopting a fund product law. A new structuring option for Luxembourg partnership AIFs On 30 July 2026, a draft law was published to amend the Luxembourg law of 12 July 2013 on

On 7 July 2026, ESMA published a supervisory briefing on “ Triangular Passporting ” under Directive 2014/65/EU on markets in financial instruments (" MiFID II”, the “ Briefing”). Asset managers with MiFID permissions should review their cross-border structures now - ESMA expects full alignment with

On 15 July 2026, the CSSF updated its guidance entitled “Authorised Investment Funds and Islamic Finance”, initially published on 11 May 2011 (the “ Guidance”). The Guidance remains a high-level overview of the Luxembourg regulatory landscape applicable to Shariah-compliant investment funds. While

On 8 July 2026, in joined cases T-1079/23, T-1080/23 and T-214/24, Apple v. European Commission, the General Court of the European Union (the “ Court”) dismissed Apple’s challenges relating to its designation as a gatekeeper under the Digital Markets Act (the “ DMA”). The case raises focused

On 22 July 2026, the Luxembourg Higher Administrative Court ( Cour administrative ) (the “ Court”) (No. 53194C ) clarified the framework to assess the arm’s length character of a debt restructuring as well as the rules applicable to the accounting of debt and related interest for tax purposes. Facts

What third-country banks need to do before January 2027 The grandfathering period under the sixth Capital Requirements Directive (Directive (EU) 2024/1619) of the European Parliament and of the Council of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third

With the expiry of the grandfathering period under Directive (EU) 2024/1619 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks (the " CRD VI Directive") coming to an end, attention now turns to the Luxembourg