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ARTICLE · 22 MAY 2018

MIFID II Implementing Law Adopted!

ELVINGER HOSS PRUSSEN, société anonyme
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On 15 May 2018, the Law implementing the revised EU Markets in Financial Instruments regime (MiFID II) into Luxembourg law ("MiFID II Law ") was adopted by the Luxembourg Parliament (Chambre des Députés).

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 15 May 2018, the Law implementing the revised EU Markets in Financial Instruments regime (MiFID II) into Luxembourg law ("MiFID II Law") was adopted by the Luxembourg Parliament (Chambre des Députés).

As a reminder, MiFID II entered into force on 3 January 2018 and the key principles of its application in Luxembourg were anticipated by the CSSF (see the two CSSF Press Releases). A MiFID-dedicated FAQ was also published on the CSSF website. This FAQ is updated on a regular basis.

The MiFID II Law reflects the requirements of both the level 1 MiFID II Directive (Directive 2014/65/EU) and Regulation (Regulation (EU) 2014/600) and the level 2 MiFID II Directive (Directive (EU) 2017/593) and is divided into two parts. Part I includes a new Law on markets in financial instruments, repealing the Law of 13 July 2007 on the same topic1 and Part II amends the 1993 Law on the Financial Sector.

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