224 results found

The CSSF has built a new digital portal (e-Prospectus) where issuers will, as of 1 March 2021, be able to submit and follow their application requests under the Prospectus Regulation...

In our most recent Newsflash on the topic, we presented the proposed "Stop-the-Clock" directive as one of two major parts of the first Omnibus Package announced by the EU Commission on 26 February 2025.

On 21 January 2022, the Luxembourg Financial Authority (the "Commission de Surveillance du Secteur Financier" or ""CSSF") provided guidance with regard to the...

The European Securities and Markets Authority has published a consultation paper that contains draft guidelines on the regulation of certain elements of performance fees.

The use of Artificial Intelligence (AI) and the risks associated with it are currently making headlines, in particular due to developments around ChatGPT.

Firstly, on 20 April 2021, a political agreement was reached on the text of the European Climate Law , a new, directly applicable EU Regulation.

In accordance with the enforcement priorities published by the European Securities and Market Authority (ESMA) in October 2017, the Commission de Surveillance du Secteur Financier (CSSF) ..

Regulation (EU) 2024/2987 and Directive 2024/2994, known as EMIR 3 Package, aim to mitigate excessive exposures to third-country central counterparties and enhance the efficiency of Union clearing markets by introducing a series of substantial amendments to the existing framework.

The transitional period under MiCAR for virtual asset service providers has ended, creating significant regulatory obligations for crypto-asset service providers and their customers. Luxembourg's CSSF has issued guidance on the implications for VASPs operating without proper authorization, third-country providers targeting EU clients, and the strict interpretation of reverse solicitation exemptions.

The European Securities and Markets Authority (ESMA) has published its final report (the Report) providing detailed technical advice to the European Commission (the Commission)...

Luxembourg's financial regulator has issued its first guidance on tokenisation, clarifying how investment funds can issue native digital units using distributed ledger technology while navigating the complex interplay of securities law, fund administration requirements, and digital resilience obligations. The FAQ addresses critical operational questions around registrar functions, control agent appointments, and hybrid token structures that market participants must resolve before launching DLT-based fund pr

On 19 December 2024, Luxembourg adopted Blockchain Law IV, which has opened up significant new opportunities to use the Luxembourg DLT framework...

ESMA has responded to the EU Commission's March 2024 proposed amendments to the ELTIF 2.0 RTS.

On 7 December 2022, the European Commission (EC) submitted a package of measures known as the "Listing Act" (the Act), aiming at making public markets...

The law of April 6, 2013 on dematerialised securities was published in Luxembourg’s official gazette, the Mémorial, on April 15, coming into force the following day.

Luxembourg adopted the law concerning the compulsory deposit and immobilization of shares and units in bearer form.

As per our previous article dated 2014, this shall be a concise reminder about main provisions contained in the Law and the impact of the transitory provisions therein.