Latest Newsletters & Newsflashes
Mar 31, 2023Prospectus regulation | Update of ESMA Q&A
On 3 February 2023, ESMA updated its questions and answers on the implementation 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 trading on a regulated market, and repealing Directive 2003/71/EC ( the “
Mar 23, 2023Law on distributed ledger technology | Adopted
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
Mar 20, 2023Newsflash | Law on Distributed Ledger Technology Adopted
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
Jan 27, 2023EU Listing Act | Interesting regulatory changes in the pipeline
On 7 December 2022, the European Commission put forward a set of measures to further develop the EU Capital Markets Union ( "CMU"). These measures which are commonly referred to collectively as the " Listing Act" comprise proposals for : an amending regulation amending Regulation (EU) 2017/1129 ("
Jan 20, 2023Securitisation | Recent regulatory developments
New technical standards for synthetic securitisation On 13 October 2022, Commission Implementing Regulation 2022/1929 of 31 March 2022 was published (the " New Implementing Regulation"). The New Implementing Regulation amended the implementing technical standards laid down in Implementing Regulation
Jan 16, 2023Crowdfunding | Transitional period extension | New delegated and implementing regulations | New ESMA Q&As
Extending the Transitional Period Referred to in Regulation (EU) 2020/1503 On 21 October 2022 and having regard to Regulation (EU) 2020/1503 (“ Crowdfunding Regulation ”) on European crowdfunding service providers (“ CSPs”) for business, the Commission Delegated Regulation (EU) 2022/1988 of 12 July
Jan 16, 2023DLT Pilot Regime | New ESMA guidelines and Q&As
In December 2022, ESMA published new guidelines and Q&As regarding Regulation (EU) 2022/858 of 30 May 2022 on a pilot regime (the " DLT Pilot Regime") for market infrastructures based on distributed ledger technology (DLT) (the " DLT Pilot Regime Regulation "). On 15 December 2022, ESMA published
Jan 12, 2023Luxembourg Stock Exchange | New rules and regulations and new Euro MTF Fast-Lane Procedure
Updated Rules & Regulations of the Luxembourg Stock Exchange On 18 October 2022, Luxembourg Stock Exchange (“ LuxSE”) published an updated LuxSE Rules & Regulations 2022 and LuxSE Trading Manual 2022 . The purpose of this update was the introduction of a new Fast-Lane procedure for admission to
Jan 12, 2023MAR and CSDR | ESMA updates its Q&As
In October and November 2022, ESMA updated its Questions and Answers (“ MAR Q&A”) on Regulation (EU) No. 596/2014 (the “ Market Abuse Regulation” or " MAR"), and its Questions and Answers (“ CSDR Q&A”) on Regulation (EU) No. 909/2014 (the " CSDR"). With the latest update of the MAR Q&A, ESMA amended
Jan 09, 2023Transparency Law | CSSF enforcement priorities
Background On 2 January 2023, 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, 2023“Women on boards” Directive: one more step towards gender equality in business
On 7 December 2022, the Official Journal of the EU published Directive (EU) 2022/2381 of the European Parliament and of the Council of 23 November 2022 on improving the gender balance among directors of listed companies and related measures (the “ Directive”). The Directive aims at ensuring the
Oct 05, 2022Market abuse | New implementing regulation and updated ESMA Q&A
New implementing regulation on insider lists On 14 July 2022 and having regard to Regulation (EU) 596/2014 on market abuse (" MAR"), the Commission Implementing Regulation (EU) 2022/1210 of 13 July 2022 laying down implementing of technical standards for the application of MAR with regard to the
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