The European Securities and Markets Authority (ESMA) has responded to the European Commission (the Commission) request for amendments to the draft Regulatory...

CRD VI Directive sets out further requirements regarding credit institutions' practices for managing ESG risks.

What a year for GDPR enforcement: 2021/2022 saw various landmark cases including: a new record fine of EUR 743 million; the total amount of all fines since May 2018 exceeding the EUR 1 billion mark...

Draft Bill No. 8669 introduces greater flexibility for incorporating Luxembourg private limited liability companies.

On 8 August 2022 , the law of 29 July 2022 (the "Law") was published in the Official Journal of the Grand-Duchy of Luxembourg.

On 28 January 2026, the Commissariat aux assurances (CAA) released circular letter 26/1 on investment rules for unit-linked life insurance products (the "Circular Letter"), together with its annexes regarding...

The European Securities and Markets Authority has issued new supervisory guidance on triangular passporting under MiFID II, addressing how authorized entities can use branches or tied agents in one host Member State to provide investment services in another. This briefing establishes principles to prevent regulatory arbitrage while clarifying supervisory responsibilities among national competent authorities across multiple jurisdictions.

With the urgency of climate change, actors in the financial sector realise the crucial role they can play in the transition to a sustainable economy. This is reflected in the number of new sustainable products aligned.

On 26 February 2025, ESMA issued Guidelines on the provision of crypto-asset services by a third-country firm at the exclusive initiative of the client under Regulation 2023/1114...

This Back to Basics note follows our key concepts briefings, which intend to provide high-level insights regarding funds fundamentals, funds vehicles and operational considerations, available here.

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...

As of November 12, 2024, with the implementation of new forms in HTML format that may be completed directly online (which will replace the current application forms in PDF format)...

This Back to Basics note follows our key concepts briefings, which intend to provide high-level insights regarding funds fundamentals, funds vehicles and operational considerations, available here.

In recent years, both investors and investment managers have been keen to develop debt instruments for meeting the demand of alternative sources of financing...

The Cape Town Convention on international interests in mobile equipment (the "Convention") was adopted on 16 November 2001 and promotes the financing and acquisition of certain type of assets.

In recent years, the crypto-asset landscape has steadily grown and has reshaped the world of payments and investments.

The Commission Delegated Regulation, supplementing Regulation (EU) 2017/2402 (the "Securitisation Regulation"), entered into force on 8 July 2024 (the "Commission Delegated Regulation").

On 17 December 2025, the European Commission published a long-awaited suite of implementing legislation and guidance for its Carbon Border Adjustment Mechanism (which we recently covered...

Discussions regarding the proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU...

The European Commission has launched on 27 August a public consultation on State aid in the aviation sector. The consultation will run until 8 October 2024.