Law On Undertakings For Collective Investment („UCI") - Update March 2018

On 19 December 2025, the Commission de Surveillance du Secteur Financier ("CSSF") published Circular 25/9011("Circular 25/901"), which consolidates and modernises...

On 21 October 2025, the European Securities and Markets Authority (ESMA) published its final draft regulatory technical standards on open-ended loan-originating AIFs under AIFMD (the "RTS").

On the 18th March, 2026, the CSSF issued a communication to the investment fund industry (the “Communication”) following the introduction of the Law of 3 March 2026...

As we close out 2025 and step into 2026, EU sustainability regulation is entering a new phase marked by structural reform, simplification and long-awaited clarity. In our latest Eyes on ESG video...

The CSSF's new circular and technical document, applicable from 19 December 2025, update the regulatory framework and provide insight into the CSSF's interpretation of key fund concepts.

The European AI Office has finalized its Code of Practice on Transparency of AI-Generated Content, fundamentally altering how providers and deployers across the EU—including Luxembourg's financial sector—must mark, disclose, and detect AI-generated content ahead of the August 2026 deadline. The Code introduces significant structural changes from its December 2025 draft, including expanded marking flexibility, optional measures for certain requirements, a finalized EU icon, and a concrete interop

Are deals and exits really slowing or becoming more selective and creative?

On 6 March 2024, the EU Commission wrote to ESMA commenting on the draft regulatory technical standards (RTS) for Regulation (EU) 2015/760 on European long-term investment funds (ELTIFs)...

On 17th January 2024, ESAs published their first set of final drafts of RTS under the Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector of 14 December 2022 (also known as Digital Operational Resilience Act).

The European Securities and Markets Authority (Esma) has published proposals on October 13 to deal with the fact that the majority of European Union member states have not yet approved legislation implementing the Ucits IV directive, even though the deadline to do so passed on July 1.