Latest Newsletters & Newsflashes
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
Dec 28, 2022EBA guidelines on loan origination and monitoring
European Banking Authority guidelines on loan origination and monitoring (EBA/GL/2020/06) On 29 May 2020, the European Banking Authority (the " EBA") issued final guidelines on loan origination and monitoring (the " Guidelines"). The purpose of the Guidelines is to ensure that in-scope entities have
Oct 05, 2022Crowdfunding regulation | New ESMA Q&As
On 23 September 2022, 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”) . In this latest update, ESMA clarifies in the "general provisions" section of 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
Oct 05, 2022Luxembourg financial collateral law | Amendment law adopted
On 20 July 2022, the Luxembourg law amending, amongst others, the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended (the " Financial Collateral Law") was published in the Luxembourg official gazette (the " New Law"). The New Law became effective on 24 July 2022. Key
Mar 08, 2022Newsflash | Briefing - Amendments to Luxembourg Securitisation Law
On 9 February 2022, the Luxembourg Parliament ( Chambre des Députés) adopted the draft law 7825 (the " New Law"), which amends the law of 22 March 2004 on securitisation (the “ Securitisation Law”, and as restated pursuant to the New Law, the " Amended Securitisation Law"). The New Law was published
Feb 14, 2022Newsflash | Draft law 7825 amending the Securitisation Law has been passed!
The amendments to the law of 22 March 2004 on securitisation (the “ Securitisation Law”) proposed by the much awaited draft law 7825 (the " Draft Law") are an encouraging development for investors, originators and sponsors alike, since they promise a more flexible and secure framework and aim at
Jan 14, 2022Newsflash | Proposed changes to the Luxembourg financial collateral law
Draft law proposing amendments to the Luxembourg financial collateral law On 20 December 2021, a draft law No. 7933 (the " Draft Law") was lodged with the Luxembourg Parliament (" Chambre des Députés"). While the main aim of the Draft Law is to implement Regulation (EU) 2021/23 of 16 December 2020
May 28, 2021Newsflash | Draft Bill amending the Securitisation Law
The long anticipated draft law 7825 (the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés) by the Luxembourg Minister of Finance on 21 May 2021. If adopted in its current form, the Draft Law will result in substantive amendments to the law of 22 March 2004 on
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
Aug 18, 2020New Luxembourg Law on Professional Payment Guarantees: a practical analysis of its potential
Introduction: At this is stage, it is unquestionable that the Luxembourg law of 10 July 2020 on professional payment guarantees (the “ PPG Law”) is one of the main ground-breaking innovations in Luxembourg financial law over the last decade. In our last newsletter edition , published on 1 July 2020
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