Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Jan 26, 2024ESAs final report on the review of SFDR Delegated Regulation
On 4 December 2023, the European Supervisory Authorities (“ ESAs”) published a final report setting out proposals to amend the draft regulatory technical standards (“ RTS”) to Commission Delegated Regulation 2022/1288 (the “ SFDR Delegated Regulation”). The final report responds to a mandate sent by
Jan 22, 2024ESMA finalises the draft RTS on ELTIF
Background On 19 December 2023, ESMA published a final report on the proposed level 2 regulatory technical standards (the “ Final Report”) for Regulation (EU) 2015/760 of 29 April 2015 on the European Long-term Investment Fund , as amended (the “ ELTIF Regulation”). The amended ELTIF Regulation
Aug 18, 2023Sustainable Finance Insights Series - 19 | CSSF Thematic Review on Sustainable Disclosure
On 3 August 2023, the CSSF published a Thematic Review on the implementation of sustainability-related provisions in the investment fund industry (the “ Thematic Review”). The objective of the Thematic Review is to inform the industry about the main observations that the CSSF has made in the context
Jul 07, 2023CSSF SFDR FAQ | Addressing fund name considerations and efficient portfolio management techniques
Key SFDR clarifications on fund names (Question 7) and efficient portfolio management (Question 8) The sustainable finance disclosure regulation (“ SFDR”) has introduced a new era of transparency and sustainability in the financial industry. The CSSF has recently provided important clarifications
Jun 30, 2023Navigating the path to ESG transparency: joint consultation paper on review of SFDR delegated regulation
European supervisory authorities (“ESAs”) release draft regulatory technical standards (“RTS”) for sustainability disclosures: proposed changes to principal adverse impacts (“PAIs”) and financial product disclosures The ESAs recently published a Joint Consultation Paper on the review of the
Mar 24, 2023SFDR data collection for Luxembourg investment funds
On 24 March 2023, the CSSF followed up on a press release published on 27 July 2022 announcing their intention to launch a data collection exercise related to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the “ SFDR”) and Regulation (EU) 2020/852
Latest Brochures
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Jul 28, 2022RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Jul 27, 2022Investment Management Brochure
Our new Investment Management practice brochure includes our expertise in this market and all the specificities of investment vehicles in Luxembourg. Our team has a strong and well-established expertise in all areas of investment funds law. At a time of increasing and changing regulation, we ensure
Latest Articles & Books
Apr 12, 2023Mondaq | ESG Comparative Guide
What regulatory regimes and codes of practice primarily govern environmental, social and governance (ESG) regulation and implementation in Luxembourg? Is the ESG framework primarily based on hard (mandatory) law and regulation or soft (eg, ‘comply or explain’) codes of governance? What is the
Sep 30, 2021Delano October 2021 interview | The Nordic market is going to grow
Ahead of the Association of the Luxembourg Fund Industry's roadshow to Scandinavia, Delano spoke with its working group chair, Isabel Høg-Jensen, about the outlook for the Nordic funds markets. "So you are participating in the Alfi roadshow to Copenhagen and Stockholm on 5-6-October?" "Yes both
Jul 26, 2021IFLR | Europe ESG Report - Impact of SFDR on non-EU managers
Isabel Høg-Jensen and Marylou Poncin discuss the impact of the Sustainable Finance Disclosure Regulation on non-EU alternative investment fund managers. The EU Sustainable Finance Disclosure Regulation (SFDR) lays down harmonised rules for financial market participants and firms proving non
Mar 30, 2021AGEFI | La crise du Covid accélère l'agenda ESG
Rencontre avec Isabel Høg-Jensen, Avocat à la Cour, Counsel chez BSP. Le Covid-19 va-t-il selon vous modifier l'intérêt porté aux investissements ESG ? Le règlement sur la publication d'informations en matière de durabilité dans le secteur des services financiers ("SFDR") a-t-il permis une réelle
Oct 16, 2020Chambers T&D | Alternative Funds 2020
The recent international consensus is that integrating environmental, social and governance (ESG) considerations into financial decision-making will lead to increased investment in longer-term and sustainable activities. Sustainable finance takes into account ESG considerations in the process of
Latest Videos
Sep 13, 2023Women in Law Series: Isabel Høg-Jensen
Sep 12, 2023BSP Nordic Desk
Jun 23, 2023Happy Luxembourg National Day