The CSSF issued at the end of June 2014, circular 14/589 which further clarifies some aspects of the Regulation 13-02 relating to the out-of-court settlement of claims.

On July 22nd, the CSSF issued Circular 14/591 on protection of investors in case of a material change to an open-ended undertaking for collective investment.

The "Commission de Surveillance du Secteur Financier" published on March 12th 2013 the 18 page form for assessment and confirmation of compliance with circular CSSF 12/546.

The ECJ has recently ruled that the advisory services concerning investment in transferable securities provided by a third party to an investment management company which is the manager of a special investment fund benefit from the VAT exemption as laid down in Article 135 (1) (g) of the VAT Directive.

During negotiations in relation to the European financial transaction tax, it became clear that it would be difficult to reach consensus across the 27 Member States.

The Commission de Surveillance du Secteur Financier issued Circular 14/587 which is applicable to UCITS' depositary banks and to the UCITS themselves.

The Stock Connect, developed jointly by the stock exchanges and clearing houses in Shanghai and Hong Kong, encompasses about 800 stocks in total.

On July 3rd 2012, the European Commission published a proposal for a regulation of the European Parliament and of the Council on key information documents for investment products.

On July 18th 2014 the Commission de Surveillance Du Secteur Financier published an updated version of its FAQs concerning the Luxembourg law of July 12th 2013.

On July 30th 2014 the Higher Administrative Court of Luxembourg (Cour Administrative) issued a decision on the application of the Luxembourg intellectual property tax regime.

The taxation of the capital gains realised by individuals upon the disposal of the real estate part of their private wealth may sometimes be deferred.

The ECJ ruled that contractual terms, even though they constitute a factor to be taken into consideration, are not decisive for the purpose of identifying the recipient of a "supply of services" within the meaning of articles 2(1) and 6(1) of the Sixth VAT Directive.

The European Securities and Markets Authority recently approved several Memoranda of Understanding entered into by the financial regulators of the European Union/ European Economic Area with 34 third-country regulators.

The central bank of Luxembourg and the People’s Bank of China, signed a Memorandum of Understanding on renminbi clearing arrangements in Luxembourg.

The CSSF issued a new Circular which is applicable to UCITS' depositary banks and to the UCITS themselves regarding their relationship with their depositaries.

A request for a preliminary ruling regarding Directive 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading, as amended, was filed with the ECJ.

On March 18th 2015, the European Commission published a new initiative on tax transparency to fight tax evasion and avoidance.

Evelyn Maher and Christoforos Soteriou lead you through the regulatory environment and update you on recent developments.

Regulation (EU) 2025/2073 of 8 October 2025 amending Regulation (EU) 2015/848 on insolvency proceedings to replace its Annexes A and B was published in the EU Official Journal on 17 October 2025.

On 7 October 2022, Luxembourg Ministry of Finance issued a draft proposal (the "Draft Proposal") amending the current Regulation dated 6 February 2012 (Règlement ministériel du 6 février 2012)...