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Regulatory

Luxembourg

Our team is well familiar with the various legal and regulatory aspects to which the banking and finance industry is faced with. We have been assisting for many years several local and international leading banks and financial institutions for various matters in relation to the supervisory authority of the financial sector (Commission de Surveillance du Secteur Financier, CSSF).

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04 Mar 20
SCIP Data­base: a step for­ward for the cir­cu­lar eco­nomy
From 5 Janu­ary 2021, busi­nesses that sup­ply art­icles or com­plex ob­jects (products) con­tain­ing cer­tain haz­ard­ous sub­stances will have to sub­mit in­form­a­tion to a new data­base es­tab­lished by the European...
28 Feb 20
UK/EU fin­an­cial ser­vices after Brexit -cross bor­der reg­u­la­tion after...
On 25 Feb­ru­ary, the Coun­cil of the EU pub­lished the fi­nal ver­sion of its ne­go­ti­at­ing man­date and, two days later, the UK gov­ern­ment set out its ap­proach to our fu­ture re­la­tion­ship with the EU. Ne­go­ti­ations...
24 Feb 20
In­sur­ance cloud out­sourcing: EIOPA pub­lishes new Guidelines 
EIOPA has pub­lished the fi­nal text of its Guidelines on out­sourcing to cloud ser­vice pro­viders (the “Guidelines”), fol­low­ing last year’s con­sulta­tion. The Guidelines provide guid­ance to in­surers...
28 Jan 20
In­sur­ance 2020: Im­pact of Brexit on the Lux­em­bourg in­sur­ance sec­tor
The UK’s de­cision to leave the European Uni­on led in­sur­ance com­pan­ies es­tab­lished in the UK to con­sider oth­er op­tions, such as re­lo­cat­ing their place of busi­ness to con­tin­ent­al Europe. In the midst...
15 Nov 19
Brexit and data pro­tec­tion: what to do next (when you don’t know what’s...
Whilst the threat of a no-deal Brexit has been aver­ted for now, the fu­ture is by no means cer­tain. We have high­lighted some of the key is­sues for UK-based or­gan­isa­tions, and the EEA or­gan­isa­tions that...
07 Nov 19
CSSF ex­tends the dead­line for no­ti­fic­a­tions in the con­text of Brexit
Fol­low­ing the ex­ten­sion of the delay with­in which the United King­dom (“UK”) is to leave the European Uni­on (“EU”), the Com­mis­sion de Sur­veil­lance du Sec­teur Fin­an­ci­er (the “CSSF”) has pub­lished...
27 Sep 19
Fin­an­cial as­sist­ance to Mem­ber States and European un­der­tak­ings in...
Brexit without an agree­ment would have im­port­ant con­sequences for the eco­nomy, the la­bour mar­ket and pub­lic fin­ances in the Mem­ber States that have par­tic­u­larly close trade and fin­an­cial re­la­tions with...
12 Sep 19
UK food and cos­met­ic pro­du­cers to the EU to face new reg­u­la­tions after...
As Brexit draws near­er and with the like­li­hood of an un­reg­u­lated exit still not off the table, EU-27 com­pan­ies im­port­ing or selling food or cos­met­ics from Great Bri­tain face li­ab­il­ity risks if they con­tin­ue...
19 Aug 19
The ins and outs of Brexit – em­ploy­ment and tax as­pects
As the Brexit pro­cess ap­proaches its ex­ten­ded 31 Oc­to­ber 2019 dead­line, UK and EU com­pan­ies and their em­ploy­ees are fo­cus­ing on the key em­ploy­ment law and tax ques­tions that will shape busi­ness and the...
02 Aug 19
The portal for Brexit no­ti­fic­a­tions is live!
As from today, UK man­agers, firms and in­vest­ment funds wish­ing to pur­sue their activ­it­ies in Lux­em­bourg, in the event a no-deal Brexit oc­curs on 31 Oc­to­ber 2019, are in­vited to no­ti­fy the Lux­em­bourg reg­u­lat­or...
16 Jul 19
An in­tro­duc­tion to the law of block­chain and dis­trib­uted ledger tech­no­lo­gies...
Data Pro­tec­tion The European Gen­er­al Data Pro­tec­tion Reg­u­la­tion raises at least two is­sues in par­tic­u­lar in this con­text. First: is pseud­onym­ous in­form­a­tion per­son­al data? Second: how can a “right...
16 Jul 19
Brexit: Man­dat­ory no­ti­fic­a­tions to the Lux­em­bourg reg­u­lat­or for firms,...
With re­spect to the Brexit Laws is­sued on 8 April 2019, the Lux­em­bourg reg­u­lat­or ("CSSF") is­sued yes­ter­day two re­mind­ers ad­dressed re­spect­ively to all firms cur­rently au­thor­ised un­der CRD, Mi­FID II,...