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Jan 17, 2019
Improvements in foreign exchange administration for QFIIS/RQFIIS and opening up of Chinese capital markets
The State Administration of Foreign Exchange (“SAFE”) released an updated version of the Foreign Exchange Administrative Provisions on the Domestic Securities Investment by Qualified Foreign Instituti
Jan 16, 2019
Market Abuse | Update of ESMA Q&A
In the last quarter of 2018, ESMA has twice updated its Questions and Answers (“Q&A”) on Regulation (EU) No.
Jan 16, 2019
Draft Law to transpose EU Directive on long-term shareholder engagement into Luxembourg national Law
On January 11th 2019, the Council of the Government (Le Conseil de gouvernement) discussed a draft law (the “Draft Law”) which has as its purpose the transposition into Luxembourg law of Directive (EU
Jan 15, 2019
Transparency Law | CSSF Enforcement
The CSSF has published Press Release 19/02 (the “Press Release”) for the attention of issuers of securities subject to the Law of January 11th 2018 on transparency requirements for issuers of securiti
Jan 14, 2019
Principle of legitimate expectations once again confirmed by the Luxembourg Administrative Court
In a recent decision (No.40352 dated December 20th 2018), the Lower Administrative Court (“Tribunal administratif”) confirmed, as in previous decisions, that by application of the principle of legitim
Jan 10, 2019
Report relation to crypto assets issued by EBA and ESMA
Both the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published yesterday January 9th 2019 individual report on crypto-assets. ESMA, together wit
Jan 09, 2019
Crowdfunding service providers for business | Update
On November 5th 2018, the Economic and Monetary Affairs Committee (the “Committee”) voted on the European regulation on European Crowdfunding Service Providers for Business proposed by the European Co
Jan 08, 2019
ECJ clarifies formal conditions for the right of input VAT deduction
In a ruling issued on November 8th 2018 (case C-502/17), the Court of Justice of the European Union (the “ECJ”) had to rule on the question whether a real estate property developer who did not registe
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