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Finally, shares of an SPF may not be listed on a stock exchange, or be subject to public placement.

The Act of 10 July 2020 ("the Act") transposes into Luxembourg law the last part of the fourth Anti-money Laundering Directive (2015/849) as amended by the fifth Anti-money Laundering Directive (2018/843).

Luxembourg's Business Register has clarified how beneficial ownership rules apply when companies are held through trusts or foundations, requiring entities to register the underlying trust or foundation's beneficial owners rather than applying the standard corporate ownership test. This interpretation, issued without a transitional period, means affected entities must immediately review their beneficial ownership filings to ensure compliance with the Register's position.

On 1 July 2020, bill of law 7216B setting up a Luxembourg register of fiducies and trusts (the "RFT"), under the supervision of the Administration de l'Enregistrement, des Domaines et de la...

On 6 December 2017, two Bills of Law which will implement articles 30 and 31 of the Directive 015/849 of the European Parliament and the Council of 20 May 2015 on the prevention of the use...