36 results found

On 8 May 2020, the European Commission released a directive proposal amending the EU Directive on Administrative Cooperation to address the urgent need for deferring...

By the Act of 25 March 2020, Luxembourg implemented Directive 2018/822 amending Council Directive 2011/16/EU as regards mandatory automatic exchange of information...

On 17 March 2020, the CSSF issued an FAQ clarifying the recommended minimum IT security requirements for remote access implemented to meet the demands of the exceptional situation...

One of the recent measures adopted at EU level to help the EU's economic recovery from the COVID-19 pandemic is Directive (EU) 2021/338 of 16 February 2021 ("Directive ").

The CSSF has also announced the launch of a weekly questionnaire to be completed by investment fund managers to facilitate its supervision of the sector during the current market turbulence.

In a communiqué released on 22 March 2020, the CSSF urges all supervised entities to immediately review their current organisational setup in order to ensure working from home.

In a communication of 18 March 2020, the Luxembourg Business Registers ("LBR") extended by 4 months the period for the filing of the 2019 annual accounts.

On 6 July, the Luxembourg government filed a draft law No. 7625 (the "Bill") aiming at implementing the Council Directive (EU) 2020/876 of 24 June 2020 giving EU Member States the option to defer the deadlines.

In a FAQ of 20 March 2020, the CSSF provides clarifications on the use of swing pricing mechanism by UCIs (UCITS, UCI Part II & SIFs) as well as the conditions to be met to go beyond...

In light of the COVID-19 crisis, a Grand Ducal Regulation was published on 25 March 2020 (the Regulation) that suspends certain procedural deadlines applicable...

Deadline for completing the AML/CFT survey is extended until 10 April. Homeworking requirements for support PSFs are clarified in a CSSF FAQ of 18 March 2020.

The disruption caused by the COVID-19 pandemic is hampering the timely compliance of financial institutions and of the persons responsible for reporting cross-border arrangements, and is having a negative effect on the capacity of ...

In its Communiqué of 23 March 2020 on the subject of regulatory reporting in the context of the COVID-19 crisis the CSSF asks supervised entities to perform their regulatory reporting when it is due...

In its Communiqué of 23 March 2020 on the subject of regulatory reporting in the context of the COVID-19 crisis the CSSF asks supervised entities to perform their regulatory reporting when it is due but also offers some leniency.

The European Securities and Markets Authority (ESMA) and Luxembourg's Financial Sector Supervisory Authority (CSSF) have issued press releases in relation...

Over the past 18 months, the Luxembourg Government has been taking several measures to deal with the spread of the Coronavirus and guarantee the continuity of the Luxembourg economy.

On 7 May 2020, the Luxembourg Parliament adopted a law extending the deadlines for publishing annual accounts and related reports mentioned in certain specific laws of the financial sector...

According to a press release issued by the Finance Minister on 22 June 2020, Luxembourg and Belgium have agreed to extend the amicable agreement of 19 May 2020.