149 results found

A number of major insurers have been among the first to announce that they have Brexit plans and—more interestingly—that they've decided where these plans will take them.

On 31 December 2018, the tax administrations of more than 70 countries will receive and exchange country-by-country (CbC) reports ...

The European Commission's Omnibus proposal seeks to fundamentally reshape the EU's direct taxation framework by removing shareholding thresholds for dividend exemptions, eliminating prior authorization procedures, and harmonizing interest limitation rules across member states. This comprehensive reform promises to streamline cross-border investment structures while raising critical questions about the treatment of alternative investment funds and pension institutions under the new regime.

Luxembourg has updated the regime applying to its Trade and Company Register ("RCS") and its Register of Beneficial Owners ("RBO")...

Yesterday, the Luxembourg Parliament adopted the law creating a central register of beneficial owners of companies and legal entities (the "Law").

The Luxembourg Business Registers has issued new guidance requiring entities held by fiducies, trusts, or foundations to look through these structures when determining beneficial ownership for registration purposes. This circular introduces significant changes to how beneficial owners must be identified and reported, aligning Luxembourg's approach with upcoming EU regulations and potentially requiring many entities to review and amend their existing registrations.

Failure to comply with the RBE law may result in criminal fines amounting to €1,250,000.

The European Union Authority for Anti-Money Laundering and Countering the Financing of Terrorism has finalised three sets of Regulatory Technical Standards...

The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has announced a significant overhaul of its reporting requirements for Luxembourg investment fund managers...

Reverse solicitation remains one of the most scrutinised concepts in fund distribution, offering a legitimate route for investment when approached entirely on the investor's initiative. Yet the distinction between genuine unsolicited interest and marketing activity carries significant regulatory consequences, requiring AIFMs to navigate narrow fact-specific exceptions rather than treating it as a designed distribution model.

Entities registered with the Register of Commerce and Companies in Luxembourg must provide information on their beneficial owners, or risk large fines.

On 20 September 2022, the Luxembourg Commission de Surveillance du Secteur Financier (the CSSF) published a list of questions and answers (the CSSFFAQ) on the application...

Luxembourg is poised to expand its investment fund structuring capabilities by allowing alternative investment funds structured as common or special limited partnerships to establish...

Currently, access to statutory ring-fenced compartments in Luxembourg requires the use of a dedicated product framework (RAIF, SICAR, SIF or Part II UCI). Although effective, these regimes entail statutory constraints, including minimum capital requirements and mandatory risk-diversification rules.

The Transparency Act 2008 implemented the Transparency Directive into Luxembourg law.

AIFMD II introduces new flexibility for Luxembourg AIFMs to provide ancillary services beyond their managed funds, enabling private equity sponsors to leverage established capabilities across their broader platform. The reform clarifies how sponsors can deploy Luxembourg expertise more coherently while maintaining proper substance, governance and regulatory compliance.

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.