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Jan 07, 2019
Luxembourg Stock Exchange introduces two new professional segments
The Luxembourg Stock Exchange now offers issuers the possibility to admit their securities to trading on a professional segment (each a “Professional Segment”) of each of its two markets, the BdL mark
Jan 07, 2019
Luxembourg Law setting up a Register of Beneficial Owners
Article 30 of the Directive (EU) 2015/849 of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “AML 4th Directive”), whi
Jan 04, 2019
Luxembourg VAT Group Regime in force
The Draft Law No.
Jan 03, 2019
ATAD 1 implementation law enters into force
On December 18th 2018, the Luxembourg Parliament (Chambre des Députés) passed Draft Law No. 7318 which transposes into domestic law the Anti-Avoidance Tax Directive (“ATAD”).
Jan 03, 2019
The EU Securitisation Regulation
Background 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 (
Jan 03, 2019
MIFID II & MIFIR | Update of ESMA Q&A
Since our last newsletter on the topic, the European Securities and Markets Authority (“ESMA”) updated a number of its Q&A regarding the Markets in Financial Instruments Directive – Directive 2014
Jan 02, 2019
Input VAT deduction on overhead costs in hire purchase transactions
On October 18th 2018, the Court of Justice of the European Union (the “ECJ”) handed down an important ruling (case C-153/17), providing new guidance regarding the deduction of input VAT on general ove
Jan 02, 2019
Update on the EU legislative proposal to facilitate cross-border distribution of investment funds
On December 6th 2018, the Committee on Economic and Monetary Affairs (the “Committee”) adopted the report issued by Wolf KLINZ on the proposal for a directive of the European Parliament and of the Cou
Jan 02, 2019
OECD guidance on the concept of substance for no or only nominal tax jurisdictions
On November 15th 2018, the Organisation for Economic Co-operation and Development (“OECD”) published technical guidance for the application of the substance requirement to “low or no tax jurisdictions