This newsletter is intended as a general discussion of the following topics: Capital Markets, Employment, Compensations & Benefits, AML Compliance, Banking & Financial Services, Investment Management, Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us.
COVID-19
Esma Public Statement on Implications of the COVID-19 Outbreak on Half-year Financial reports
COVID-19 | CSSF Communication on Measures for Return to on-site Work
Extension of Immigration Deadlines and Imposition of Temporary Travel Restrictions
New Arrangements for Short-time working beyond the State of Crisis
BANKING & FINANCE
CAPITAL MARKETS
INVESTMENT MANAGEMENT
EMIR | Updated ESMA Q&A
Whistleblowing | CSSF publishes Reporting of Breaches of Financial Sector Regulations
Assessment of the AIFM Directive by the European Commission
Liquidity Risks in Investment Funds | ESRB Recommendations and CSSF Response
CSSF Circular 20/744 on Indicators of Tax Offences in the Collective Investment Sector
HM Treasury Consultation on Post-Brexit Overseas Fund Regime
ESMA Briefing on the Supervision by NCAs of Costs applicable to UCITS and AIFS
Sustainable Finance | Update
TAX
Constitutional Court declares partners Non-Comparable to Married Couples
Update on Double Tax Treaties
Luxembourg Parliament modifies FATCA and CRS Laws
European Commission requests Luxembourg to amend its Tax Legislation on certain Securitisation Entities
Draft Law on VAT Intra-EU Distance Sales Regime
DAC 2, DAC 6, CRS and FATCA Deadlines Extended
Luxembourg Fiscal Unity Regime held Contrary to EU Law
Opinion of the Advocate General of the ECJ on the Right to deduct VAT for Holding Companies