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ARTICLE · 10 MAY 2013

Draft Law 6543 Relating To Electronic Archiving

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Draft law number 6543, relating to electronic archiving and amending the law of April 5th 1993 on the financial sector, as amended, was filed with the Luxembourg Parliament on February 13th 2013 and is expected to be implemented in the course of this year.

LuxembourgFinance and Banking
Bonn Steichen & Partners
Bonn Steichen & Partners

The current legislative framework relating to the dematerialisation and the conservation of documents in digital form is covered by a law and a regulation both dating from more than 25 years ago, and both of which it is now intended to replace. Draft law number 6543, relating to electronic archiving and amending the law of April 5th 1993 on the financial sector, as amended (the "1993 Law"), was filed with the Luxembourg Parliament on February 13th 2013 and is expected to be implemented in the course of this year.

Draft law number relating to electronic archiving is expected to be implemented in the course of this year.

The main purposes of the draft law are to (i) acknowledge the legal value of dematerialised documents and, provided that certain conditions are met, set out the legal presumption of their conformity to originals, (ii) determine the legal requirements in order to ensure a reliable and sustainable conservation of dematerialised documents and

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