Latest Newsletters & Newsflashes
Apr 16, 2024Credit Servicers Directive | EBA Guidelines on national lists/registers of credit servicers
Article 9 (1) subparagraph 1 of Directive 2021/2167 on credit servicers and credit purchasers (the “ Credit Servicers Directive” or “ CSD”), requires that Member States “ ensure that the competent authorities (CA) establish and maintain at least a list or, where considered more appropriate, a
Apr 16, 2024Market Abuse | ESMA’S Warning re Social Media
On 6 February 2024, ESMA published a warning for people posting investment recommendations on social media (the “ ESMA Warning ”). While aiming to raise awareness on the requirements established by Regulation (EU) 2023/2779 of 6 September 2023 (the “ Market Abuse Regulation” or “ MAR”), it also
Apr 16, 2024MiFID II and MiFIR | Various developments
Updates to ESMA Q&A On 2 February 2024, ESMA updated its questions and answers on MiFIR data reporting. With this update, ESMA updated the list of national client identifiers for natural persons to be used in transaction reports pursuant to the priority specified in Annex II of the Commission
Apr 16, 2024EU Securitisation Regulation | New Delegated Regulation
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
Apr 16, 2024Markets in Crypto Assets (MiCA) | ESMA Q&A and Final Report on RTS/ITS
Updates to ESMA Q&A On 2 February 2024, ESMA has published updated questions and answers regarding Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets (“ MiCA”). With this update, ESMA confirmed that crypto-asset service providers (“ CASPs”) established between MiCA’s entry into
Jan 25, 2024Securitisation | Recent regulatory developments
New technical standards on risk retention requirements for securitisation On 19 October 2023, Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 was published (the " Delegated Regulation"). The Delegated Regulation supplements the Regulation (EU) 2017/2402 (the (“ EU Securitisation
Jan 19, 2024MiFID II, MiFIR, BMR and Crowdfunding Regulation | ESMA updates
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
Jan 19, 2024Financial services contracts concluded at a distance | New directive enters into force
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
Jan 19, 2024Regulation on European Green Bonds | Entry into force
Entry into force of new regulation and its purpose On 30 November 2023, Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (the “ EuGBs Regulation”) was published in the
Jan 18, 2024Shadow Banking and CRR Reporting | New Delegated Regulation
New technical standards for identification of shadow banking entities On 12 December 2023, Commission Delegated Regulation (EU) 2023/2779 of 6 September 2023 was published (the " New Delegated Regulation"). The New Delegated Regulation supplements Regulation (EU) 575/2013 (the “ Capital Requirements
Jan 17, 2024Transparency Law | CSSF enforcement priorities
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
Jan 03, 2024NPL Directive | Update on transposition into Luxembourg law
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
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