Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Jul 18, 2025ESAP & rating ESG | What are the implications of the Draft Law 8567
Background On 27 June 2025, the Luxembourg Parliament introduced Draft Law No. 8567, which aims to transpose and implement a set of recent EU directives and regulations that collectively establish and regulate the European Single Access Point (ESAP) – a centralised digital platform designed to
May 06, 2025UCI Administrator | FAQ Circular CSSF 22/811 update
The CSSF published on 17 April 2025 a 4 th version of the FAQ in order to add a question 6.1. The question raised relates to the notion of “central administration” within the meaning of the 2010 Law, the 2007 Law and the 2004 Law and whether it is identical to the notion of “UCI administration”
Apr 16, 2025ESG - Omnibus Package I CSRD & Taxonomy changes
Background On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements under Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy (EUT), and the Corporate Sustainability Due Diligence Directive (CSDDD), the
Jan 28, 2025ESG I ESMA Q&A on guidelines on funds' name using ESG or sustainability-related terms
On 13 December 2024, ESMA published Q&As containing further details on specific aspects of the practical application of the Guidelines on funds' names using ESG or sustainability-related terms The Q&As apply to UCITS and AIF and are covering three specific topics: green bonds ( ESMA QA 2368 for
Jan 28, 2025ESG I The European Commission issues draft FAQs on EU Taxonomy
On 29 November 2024 the EC published the draft Notice containing FAQs relating to the EU Taxonomy The European Commission (“ EC”) published further guidance on the EU Taxonomy in the form of a draft Notice containing FAQs, (the “Draft Commission Notice on the interpretation and implementation of
Dec 19, 2024ESG I Update of CSSF FAQ on SFDR
On 18 December 2024, CSSF published updated FAQ on SFDR The update consisted in removing questions 2 (SFDR templates as a material change), 9 (EPM techniques) and 10 (application date for periodic disclosures) as well as to update Q&A 6 and 7. Q&A 6 was updated in order to specify that investment
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
