Newsletters & Newsflashes

In recent days, due to the outbreak of COVID-19, the CSSF has published a series of communications addressed to participants in the investment funds sector. A number of them relate to the extension of deadlines for notifications, questionnaire submissions or reports due with the CSSF in upcoming

CONTEXT The European Securities and Markets Authority ( ESMA) issued on 27 March 2020 a public statement (the Statement) to promote coordinated action by National Competent Authorities regarding issuers’ obligations to publish periodic information for reporting periods ending on 31 December 2019 or

Due to the current state of crisis, the Government Council adopted the Grand-Ducal Regulation of 25 March 2020, which was published the same day and entered into force on 26 March 2020. Following this Grand-Ducal Regulation, the deadlines set for bringing proceedings before the Luxembourg judicial

On 25 March 2020, the Luxembourg Government Council approved a draft law which aims at introducing a specific non-deductibility rule for interest and royalties paid or due to an affiliated enterprise established in a jurisdiction which features on the EU list of non-cooperative jurisdictions for tax

On 21 March 2020, the Luxembourg Parliament adopted the law implementing Directive (EU) 2018/822 (“ DAC 6”) which introduces new reporting obligations on Luxembourg intermediaries that design, market or implement reportable cross-border tax arrangements. These reportable arrangements are identified

In light of the Covid 19 crisis in order to allow Luxembourg companies to function normally and hold their meetings without physical presence to prevent the spreading of the virus at such meetings while avoiding any breach of the provisions of their articles of incorporation or of the law, the

CONTEXT The Luxembourg Business Registers ( LBR) announced on 18 March 2020 that because of the exceptional circumstances linked to the ongoing COVID-19 pandemic, the client desks of LBR Luxembourg and Diekirch are temporarily closed to the public until 31 March 2020; however, online services

CONTEXT The European Securities and Markets Authority (" ESMA") has considered that because of the exceptional circumstances linked to the ongoing COVID-19 pandemic, it was important to lower the reporting threshold as a precautionary action aimed at allowing authorities to monitor developments in

CONTEXT While the coronavirus epidemic is also having an impact on the good governance of companies and other legal persons, the Luxembourg Government decided to enact the Grand-Ducal Regulation dated 20 March 2020 introducing measures concerning the holding of meetings in companies and other legal

[Updated on 29/06/2020] In response to the COVID-19 crisis, on 17 March 2020, the Luxembourg Government has declared the “state of emergency” for Luxembourg and announced several tax measures for legal entities and individuals. The main objective of these measures is to alleviate the financing and

On 17 March 2020, the CSSF published a circular-letter (the “ Letter”) relating to the annual online survey for the year 2019 collecting information concerning money laundering and terrorist financing risks to which the professionals under supervision are exposed (the “ Survey”). The Survey has been

On 10 March 2020, CSSF issued updated Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment. The update concerns disclosure of the performance fee, the investment manager’s fee and the investment advisor’s fee to investors of