Latest Newsletters & Newsflashes
Apr 19, 2024Luxembourg Law of 7 August 2023 on business continuation and modernisation of Bankruptcy Law | Recent case law developments
Following the entry into force of the Luxembourg law of 7 August 2023 on business continuation and modernisation of bankruptcy law (the “ Law”) on 1 November 2023, the Luxembourg courts have handed down several decisions clarifying the scope of application of judicial reorganisation proceedings, the
Apr 17, 2024Listing Act | Multiple vote share structures: provisional agreement reached by Council and Parliament
On 14 February 2024, the Council and the European Parliament have reached a preliminary agreement on the directive on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market (the “ Proposed Directive”). The Proposed Directive is part of
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
Jan 29, 2024Previously published in Banking & Financial Services | Capital Markets
ESMA | Public statement on sustainability disclosure in prospectuses EU Securitisation Regulation – ESMA | Updated Q&A Draft Law No. 8291 on the digital operational resilience of the financial sector MiFID II and MiFIR | ESMA and CSSF updates Virtual Asset Service Providers | New CSSF Q&A
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 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 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
Feb 04, 2022Newsflash | CSSF lowers the notification threshold for short selling position
Today, the Luxembourg regulator (CSSF) issued the Circular 22/798 amending the Circular 12/548 of 30 October 2012 relating to Regulation (EU) N°236/2012 of the European Parliament and of the Council of 14 March 2012. This Circular 22/798 aims to reflect changes made by Commission Delegated
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