Newsletters & Newsflashes

On 24 March 2023, the CSSF followed up on a press release published on 27 July 2022 announcing their intention to launch a data collection exercise related to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the “SFDR”) and Regulation (EU) 2020/852 on

On 19 January 2023, the CSSF issued circular 23/829 (the "Circular") on the application of the guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (the “Investment Firms Regulation”). The Circular

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets (the "Law of 2022"), which entered into force on 5 July 2022, aims at completing the transposition of Directive 2014/42/EU of the European Parliament and of the Council of 3 April 2014 on the freezing and

On 20 March 2022, the Luxembourg law (draft law No. 8055) on distributed ledger technology (the "DLT Law") amending (i) the law of 5 April 1993 on the financial sector (the "Financial Sector Law"), (ii) the law of 5 August 2005 on financial collateral law (the "Financial Collateral Law") and (iii)

The first Double Tax Treaty (“DTT”) entered into between Luxembourg and the UK dates back to 1967 and has been amended three times since. As the last formal amendment dates back to 2009 and the last indirect modification took place through the Multilateral Instrument (“MLI”) in 2019, the tax treaty

On 8 February 2023, a draft law No. 8149 (the “Draft Law”) with the purposes of reviving the Luxembourg real estate market has been submitted to the Luxembourg Parliament (Chambre des Députés). The Draft Law proposes the creation of an advantageous and time-limited tax climate, with the objective of

On 28 February 2023, following a preliminary ruling requested by the UK First-tier Tribunal (Tax Chamber), the European Court of Justice (“ECJ”) decided on case C-695/20 concerning the applicability of Article 9bis of the regulation No. 282/2011 of 15 March 2011 laying down implementing measures for

On 3 February 2023, the Luxembourg government submitted to the Luxembourg Parliament (Chambre des Députés) draft law No. 8159, aiming at ratifying the recent amendment to the Double Tax Treaty between Luxembourg and France (the “DTT”) on remote workdays, as agreed and signed on 7 November 2022 in

On 20 March 2023, the Luxembourg law (draft law No. 8055) on distributed ledger technology (the "DLT Law") amending (i) the law of 5 April 1993 on the financial sector (the "Financial Sector Law"), (ii) the law of 5 August 2005 on financial collateral law (the "Financial Collateral Law") and (iii)

On 13 March 2023, the CSSF updated the FAQ on SFDR by adding three additional questions and answers. Use of the environmental, social, and governance (“ESG”) and/or sustainability related terminology in fund names: are there any ESG and/or sustainability related considerations that financial market

On 20 March 2022, Regulation (EU) 2023/606 of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds (“ELTIF”) and the scope of eligible investment assets, the portfolio

On 7 February 2023, draft law No. 8147 amending Article 211-4 of the Labour Code (hereinafter the “Draft Law”) has been submitted to the Luxembourg Parliament (Chambre des Députés). The Draft Law aims at prohibiting the practice of so-called "zero-hour contracts”. Zero-hour contracts are defined as