224 results found

Most of the principles invoked by ESMA in its recent opinions on the supervisory convergence in the Brexit context are a reinstatement of rules and guidelines already provided for by the relevant European legislation.

As of 1 March 2019, the Luxembourg law of 13 January 2019 (the Law) creating a register of beneficial owners (Registre des bénéficiaires effectifs or "RBE") is in force.

On 2 June 2022, Regulation (EU) 2022/858 of the European Parliament and of the Council on a pilot regime for market infrastructures based on distributed ledger technology ("DLT")...

On 19 December of last year the European Securities and Market Authority (ESMA) issued two consultation papers - "Guidelines on key concepts of the AIFMD" and "Draft regulatory technical standards on types of AIFMs" - with a view to clarify certain criteria and key terms of the upcoming regulatory regime for AIFM and to give guidance as to the scope and applicability of the AIFMD.

On 19 December, the European Securities and Markets Authority (ESMA) published two "risk articles" regarding the impact of climate-related risks in the fund sector (1) and risks derived...

The approval of UCITS V by the European Parliament shortly before its dissolution for elections last month has ensured that it will not be held hostage to second thoughts.

The Directive 2010/73/EU dated 24 November 2010, amending the directive 2003/71/(the "Directive"), aims at simplifying rules on prospectuses for securities and on information about the issuers of transferable securities on financial markets, and at upgrading investor protection.

The Luxembourg financial supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), recently provided answers to frequently asked questions ...

While certain cross-border transactions were adversely affected by the pandemic (notably due to the disruption caused to industries such as aviation, hospitality, healthcare and retail)...

For the past two decades, the law of 22 March 2004 on securitisation, as amended has made Luxembourg one of the primary global jurisdictions for the setting up of securitisation transactions, with (as of end of March 2021) 1,370 active vehicles ...

Luxembourg's structured finance framework is considered the benchmark for European mainland issuers accessing international capital.

Although the SCS, SCSp and SCA are all "partnerships", the SCS and the SCSp are comparable to Anglo-Saxon types of partnerships...

Luxembourg is a pioneer, leading cross-border financial centre with longstanding strengths in investment funds, banking and insurance.

On the 2nd of September, 2019, ESMA published the final guidelines on liquidity stress testing (LST) in UCITS and AIFs.

The Luxembourg legislation introduces changes designed to make the grand duchy significantly more attractive as jurisdiction for the management and structuring of private equity, venture capital and real estate fund vehicles.

In April, ESMA published its findings on the European Common Enforcement Priorities 2016[1] (read more about ESMA's 2017 activity report in this article).

The launch of a product in one of the Professional Segments automatically meets the standards for the alleviated prospectus regime.

On 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the "DLT Pilot Regime" or "Regulation") will become applicable.