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Spotlights
SFDR CSSF FAQ Updates: Fund Names, Sustainable Investments & EPM Techniques
The SFDR requires FMPs to provide transparent information on the sustainability of their financial products. The CSSF has recently released…
CSSF Notification regarding the amended SFDR RTS
CSSF informs FMPs of amended SFDR RTS effective 20 February 2023, requiring precontractual & periodic transparency obligations for fossil…
CSSF introduces new notification template for critical ICT outsourcing
In-Scope Entities must adhere to the guidelines outlined in Circular CSSF 22/806 and implement the new template by 20th February 2023.…
CSSF communication on notification templates
Alternative investment fund managers aiming at a registration and/or an authorisation with the CSSF as well as the extension of their…
CSSF launches data collection exercise for IFMs on sustainability-related disclosures under SFDR
The CSSF has launched a data collection exercise for SFDR compliance by IFMs, requiring completion of a dedicated questionnaire via a new…
CSSF study on the AML/CFT controls applied in terms of preventing tax offences
Following the "UCI On-Site inspections", the CSSF concluded that the mitigation measures put in place regarding the tax offences were…
CSSF Standardised Model Prospectus for UCITS
Launch of a CSSF standardised model prospectus to support the examination of the prospectus to facilitate the drafting of a conventional…
CSSF clarification on the use of electronic money institutions and payment institutions by AIFs
AIFs having a professional depositary of assets other than financial instruments appointed as their single depositary and having designated…
Provisional agreement relating to ELTIF II
On 19 October 2022, the negotiators from the Council and the European Parliament reached a provisional agreement on a revision of the…
Taxonomy: EU Commission publishes FAQ to clarify the content of the disclosures delegated regulation under Article 8
The European Commission published on 6 October 2022 the updated version of the FAQ clarifying the content of the Commission Delegated…
Update of the law of 5 August 2005 on financial collateral arrangements
The Luxembourg Parliament updated the Luxembourg Collateral Law on 7 July 2022 with some precisions and amendments according to the…
LuxSE Euro MTF FastLane admission procedure
Specific types of securities issued by eligible issuers may now benefit from the FastLane Admission for the listing without having to get…
EU updates AML/CFT blacklist and adds five countries
The European Commission has updated its list of countries with deficiencies in their anti-money laundering and counter-terrorist financing regimes. The list, aimed at safeguarding the EU's financial system and internal market, has added the Democratic Republic of the Congo, Gibraltar, Mozambique, Tanzania, and the United Arab Emirates, while deleting Nicaragua, Pakistan, and Zimbabwe.
New law simplifies administrative dissolution for empty shell companies in Luxembourg
The procedure for administrative dissolution without liquidation for a company requires it to have committed a criminal or commercial violation, have no employees and no assets, and be initiated by the Public Prosecutor. If the conditions are met, the company will be dissolved within six months and can be appealed within a one-month window. Exceptions include regulated investment funds and RAIFs, while non-supervised funds may still be eligible if they meet the conditions.
The end of the unrestricted access to the Luxembourg register of beneficial owners – ECJ joined cases C‑37/20 and C‑601/20
Following a decision of the European Court of Justice, access to the Luxembourg register of beneficial owners by the general public was suspended on 22 November 2022.
Spotlights
SFDR CSSF FAQ Updates: Fund Names, Sustainable Investments & EPM Techniques
The SFDR requires FMPs to provide transparent information on the sustainability of their financial products. The CSSF has recently released…
CSSF Notification regarding the amended SFDR RTS
CSSF informs FMPs of amended SFDR RTS effective 20 February 2023, requiring precontractual & periodic transparency obligations for fossil…
EU updates AML/CFT blacklist and adds five countries
The European Commission has updated its list of countries with deficiencies in their anti-money laundering and counter-terrorist financing…
CSSF introduces new notification template for critical ICT outsourcing
In-Scope Entities must adhere to the guidelines outlined in Circular CSSF 22/806 and implement the new template by 20th February 2023.…
New law simplifies administrative dissolution for empty shell companies in Luxembourg
The procedure for administrative dissolution without liquidation for a company requires it to have committed a criminal or commercial…
CSSF communication on notification templates
Alternative investment fund managers aiming at a registration and/or an authorisation with the CSSF as well as the extension of their…
CSSF launches data collection exercise for IFMs on sustainability-related disclosures under SFDR
The CSSF has launched a data collection exercise for SFDR compliance by IFMs, requiring completion of a dedicated questionnaire via a new…
CSSF study on the AML/CFT controls applied in terms of preventing tax offences
Following the "UCI On-Site inspections", the CSSF concluded that the mitigation measures put in place regarding the tax offences were…
CSSF Standardised Model Prospectus for UCITS
Launch of a CSSF standardised model prospectus to support the examination of the prospectus to facilitate the drafting of a conventional…
CSSF clarification on the use of electronic money institutions and payment institutions by AIFs
AIFs having a professional depositary of assets other than financial instruments appointed as their single depositary and having designated…
Provisional agreement relating to ELTIF II
On 19 October 2022, the negotiators from the Council and the European Parliament reached a provisional agreement on a revision of the…
The end of the unrestricted access to the Luxembourg register of beneficial owners – ECJ joined cases C‑37/20 and C‑601/20
Following a decision of the European Court of Justice, access to the Luxembourg register of beneficial owners by the general public was…
