Latest Newsletters & Newsflashes
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
Oct 16, 2023Previously published in Banking & Financial Services | Capital Markets
Sustainable finance | CSSF supervisory priorities Markets in crypto-assets (MICA) | EU framework DLT | Most recent developments Crowdfunding Regulation | New ESMA Q&A MiFID II and MiFIR | ESMA guidelines and FAQ
Oct 16, 2023ESMA | Public statement on sustainability disclosure in prospectuses
On 11 July 2023, ESMA issued a public statement on the sustainability disclosure expected to be included in prospectuses in order to satisfy the requirements 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
Oct 09, 2023Draft Law No. 8291 on the digital operational resilience of the financial sector
On 4 August 2023, the draft law No. 8291 (the " Draft Law") aimed at (i) implementing Regulation (EU) 2022/2554 of 14 December 2022 on the digital operational resilience of the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU)
Oct 04, 2023Virtual Asset Service Providers | New CSSF Q&A
On 17 August 2023, the CSSF published its first set of questions and answers on virtual asset service providers (" VASP") (the " Q&A "). In its Q&A, the CSSF provides clarity on some key questions, such as who has to register as a VASP with the CSSF and when that registration should be done
Oct 03, 2023MiFID II and MiFIR | ESMA and CSSF updates
Since our last newsletter, ESMA has published the following in relation to 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"): Final Report on the review of the technical standards for
Oct 02, 2023EU Securitisation Regulation – ESMA | Updated Q&A
On 13 July 2023, ESMA updated its questions and answers (“ Q&As”) in relation to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “ Securitisation Regulation
Jul 07, 2023MiFID II and MiFIR | ESMA guidelines and FAQ
ESMA Guidelines on MiFID II product governance requirements On 27 March 2023, ESMA published its final report on guidelines on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”), regarding product governance requirements (the " Guidelines"). The objectives of the
Jul 07, 2023Crowdfunding Regulation | New ESMA Q&A
On 26 May 2023, ESMA updated its Questions and Answers (" Q&As") in relation to Regulation (EU) 2020/1503 of 7 October 2020 on European crowdfunding service providers for business (the “ Crowdfunding Regulation”). Three new questions and answers have been added to the Q&As. In this latest update
Jul 07, 2023DLT | Most recent developments
ESMA Q&A Updates On 27 March 2023, ESMA updated its questions and answers on the implementation of Regulation (EU) 2022/858 of 30 May 2022 on a pilot regime for market infrastructures based on distributed ledger technology (" DLT Regulation") (the “ DLT Pilot Regime Q&A”). With this update, ESMA
Jul 07, 2023Markets in crypto-assets (MICA) | EU framework
The MiCA Regulation On 9 June 2023, Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets was published in the Official Journal of the EU (the “ MiCA Regulation”), thus establishing a harmonised regulatory framework for the crypto-assets market within the EU. The MiCA Regulation aims
Jul 07, 2023Sustainable finance | CSSF supervisory priorities
On 6 April 2023, the CSSF published a press release in order to give a general overview of their supervisory priorities in relation to sustainable finance (the “ Press Release”). The CSSF, in support of the long-term objective of integrating sustainability into financial strategies, have determined
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