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10 June 2010

CSSF guidelines – information to be provided for the establishment of a SICAR

In May of this year, the Luxembourg regulator, the Financial Sector Supervisory Authority (CSSF), issued new guidelines on its web site (www.cssf.lu) regarding the information to be provided by promoters seeking a licence to launch a Sicar. The questionnaire, which the regulator expects usually to be prepared by a legal…

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24 February 2010

Issue of a Luxembourg Tax Circular on Islamic Finance

On January 12, 2010, to confirm Luxembourg’s commitment to Islamic Finance, the Luxembourg tax administration has issued a circular L.G.-A No. 55 (12 January 2010) in order to provide guidance on Islamic Finance (the “Circular”). The Luxembourg tax administration refers to Islamic Finance as the “financial…

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