Latest Newsletters & Newsflashes
Feb 02, 2022Newsflash | DLT financial instruments can now be registered on the Securities Official List of the Luxembourg Stock Exchange
A fast mover on technological innovation in capital markets, the Luxembourg Stock Exchange (the " LuxSE") has decided to allow security tokens to be registered on its Securities Official List (the " SOL"). For the avoidance of doubt, and in accordance with the current EU regulatory framework
Apr 21, 2021Newsflash | Circular CSSF 21/769 – Teleworking in supervised entities
On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to perform tasks or activities through Telework (as defined below) (“ Circular 21/769”). Scope of Circular 21/769 Following the significant increase in
Mar 16, 2021ESMA allows decision on reporting of net short position of 0.1% and above to expire
CONTEXT Within the context of the exceptional circumstances linked to the ongoing COVID-19 pandemic, the European Securities and Markets Authority ( ESMA) had considered on 16 March 2020, as a precautionary action aimed at allowing authorities to monitor developments in markets, to temporarily
Feb 08, 2021COVID-19 | Luxembourg Law Updates
This section is intended as a general discussion on the latest topics concerning Covid-19 and the Luxembourg Law. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Annual AML Survey - Deadline Extended BANKING & FINANCE State Guarantee
Jan 25, 2021Newsflash | New Luxembourg Law allows issuance of dematerialised securities using distributed ledger technology (DLT)
A further step towards integration of DLT in the Luxembourg capital markets sphere On 21 January 2021, the Luxembourg Parliament adopted draft law 7637 aiming at modernising the law of 6 April 2013 on dematerialised securities (the “ 2013 Law”) by expressly recognising the possibility of using
Jan 21, 2021European Single Electronic Format
WHEREAS The Luxembourg law of 11 January 2008 on transparency requirements for issuers (Transparency Law), supplemented by the Grand-Ducal Regulation of 11 January 2008 on transparency requirements for issuers (Transparency Regulation), applies to issuers for which Luxembourg is the home Member
Jan 20, 2021ESMA updated Q&As ON MiFID II and MiFIR Investor Protection and Intermediaries Topics
On 6 November 2020 and on 21 December 2020, ESMA updated its Questions and Answers (“ Q&As”) concerning investor protection and intermediaries topics under Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (“ MiFID II”) and
Jan 20, 2021ESMA updated Q&As for Prospectus and Transparency Rules linked to Brexit
Prospectus and transparency Q&As On 9 November 2020, ESMA updated its Questions and Answers (Q&As) concerning Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on
Jan 05, 2021CSSF Press Release on UK Equivalency under MiFIR and ESMA Reminder regarding Reverse Solicitation
The United Kingdom has been included in the list of jurisdictions, which are deemed equivalent for the application of the national third-country regime in Luxembourg. On 23 December 2020, CSSF Regulation No. 20-09 of 14 December 2020, amending CSSF Regulation No. 20-02 of 29 June 2020 on the
Jan 04, 2021New CSSF Submission Form for filing Final Terms
New Final Terms submission form Since 30 November 2020, final terms (the “Final Terms”) relating to a prospectus published in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the
Jan 03, 2021New Luxembourg Draft Law transposing IFD and IFR
The purpose of the draft law 7723, submitted to the Luxembourg Parliament ( Chambre des Députés) on 27 November 2020 (the “ Draft Law”) is to: transpose into Luxembourg law Directive (EU) 2019/2034 of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87
Jan 03, 2021Updated ESMA Q&As on Securitisation and ESMA Guidelines on Securitisation Repositories
On 5 October 2020, ESMA published its final report (the “ Final Report”) on the guidelines (the “ Guidelines”) on portability of information between securitisation repositories under Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general
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