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The daily challenges you face in doing business in a highly regulated, cost-pressured environment mean you need advisers who have an unparalleled understanding of the regulators’ expectations and are commercial, practical and industry savvy.

CMS Luxembourg has a market leading practice in financial services, with a blue-chip client list from the biggest high street banks to many start-ups and new entrants. Our team advises banks, investment firms, professionals of the financial sector, payment service providers, and electronic money institutions on the full spectrum of financial regulations and compliance matters.

Through our strong ties with industry organisations, such as the Luxembourg Banker’s Association and the Luxembourg Investment Funds Association,  we are at the forefront of conversations on the most pressing topics affecting the international and local financial sector.

Service Portfolio

  • Licensing
  • Contractual documentation, policies and procedures
  • Compliance with obligations and requirements for regulated entities (professional secrecy, internal governance, banking, civil and commercial law, etc.)
  • Acquisition of regulated entities, increase/decrease of shareholdings
  • Anti-money laundering and counter-terrorism financing (“AML-CFT”) obligations
  • Markets in financial instruments
  • Payment services
  • Consumer/mortgage credit
  • Digital assets and Virtual Assets Service Providers
  • Ad hoc and continuous trainings
  • In-court and out-of-court dispute resolution with customers 


Per­form­ing ser­vices in a de­cent­ral­ised man­ner un­der Mi­CAR
At the end of April 2023, the European par­lia­ment de­cided on a uni­form reg­u­la­tion of crypto as­sets across the EU by vot­ing on the MiCA reg­u­la­tion (i.e. mar­kets in crypto-as­sets). The in­ten­ded in­nov­a­tions...
De­Fi and MiCA: How much de­cent­ral­isa­tion is enough?
The European Uni­on Coun­cil has re­cently ad­op­ted a reg­u­la­tion on Mar­kets in Crypto-As­sets (MiCA) that ap­plies to crypto-as­sets, their is­suers and ser­vice pro­viders, and cov­ers a range of ser­vices that...
Pub­lic­a­tion of Lux­em­bourg law on whis­tleblow­ing
The law of 16 May 2023 (the “Law”) im­ple­ments Dir­ect­ive (EU) 2019/1937 of the Par­lia­ment and of the Coun­cil of 23 Oc­to­ber 2019 on the pro­tec­tion of per­sons who re­port breaches of Uni­on law (the “Dir­ect­ive”)...
We­bin­ar Re­cord­ing | Ad­op­tion of Mi­CAR
If you're in­ter­ested in un­der­stand­ing the im­plic­a­tions of the eagerly awaited European Par­lia­ment and Coun­cil reg­u­la­tion on crypto-as­set mar­kets, we in­vite you to watch the we­bin­ar re­play.Join our reg­u­lat­ory...
We­bin­ar | Ad­op­tion of Mi­CAR
The much-an­ti­cip­ated reg­u­la­tion of the European Par­lia­ment and of the Coun­cil on mar­kets in crypto-as­sets (“Mi­CAR”) was ad­op­ted by the EU Par­lia­ment on 20 April 2023.What does it mean and how will...
We­bin­ar | AML/CFT: prac­tic­al leg­al and reg­u­lat­ory con­sid­er­a­tions for the...
Anti-money laun­der­ing (AML) and counter ter­ror­ist fin­an­cing (CFT) un­doubtedly re­mains one of the hot top­ics of the Lux­em­bourg mar­ket and not­ably the in­vest­ment fund in­dustry. The leg­al and reg­u­lat­ory...
CSSF su­per­vis­ory pri­or­it­ies in sus­tain­able fin­ance
On 6 April 2023, the Com­mis­sion de sur­veil­lance du sec­teur fin­an­ci­er (the « CSSF ») pub­lished its su­per­vis­ory pri­or­it­ies in sus­tain­able fin­ance, which are rel­ev­ant for cred­it in­sti­tu­tions, in­vest­ment...
We­bin­ar Re­cord­ings | EL­TIF Re­form
Check out the first ses­sion of the EL­TIF Re­form We­bin­ar series to ex­plore with our ex­perts the im­plic­a­tions of the mod­ern­isa­tion of the EL­TIF frame­work, which may boost the ef­fect­ive­ness and at­tract­ive­ness of EL­TIFs and make them the new sought-after in­vest­ment vehicle.If in­ter­ested in gain­ing a deep­er un­der­stand­ing of Lux­em­bour­g's loc­al chal­lenges and op­por­tun­it­ies, check out the re­play!
Ad­op­tion of Mi­CAR
On 20 April 2023, the pro­pos­al for a reg­u­la­tion of the European Par­lia­ment and of the Coun­cil on mar­kets in crypto-as­sets (“Mi­CAR”) was ad­op­ted by the EU Par­lia­ment.For more in­form­a­tion on Mi­CAR...
Bill of law to mod­ern­ise the in­sur­ance sec­tor
On 24 March 2023, bill of law 8184 (the “Bill of Law”) was filed with the Par­lia­ment. It aims at (i) im­ple­ment­ing Dir­ect­ive 2021/2118 amend­ing Dir­ect­ive 2009/103/EC re­lat­ing to in­sur­ance against civil...
We­bin­ar | EL­TI­FR re­form: be pre­pared for the re­viv­al of the EL­TIF!
In­tro­duced in 2015, the EL­TIF frame­work has nev­er met the in­ten­ded suc­cess, driv­en by re­strict­ive fea­tures mak­ing it dif­fi­cult for re­tail in­vestors to ac­cess EL­TIFs. The long-awaited re­form of the EL­TIF re­gime has been form­ally ap­proved by the European Par­lia­ment and new rules will ap­ply as from 10 Janu­ary 2024.
We­bin­ar Re­cord­ing | Gre­en­wash­ing in the Lux­em­bourg fin­an­cial sec­tor
Check out the we­bin­ar re­play to dis­cov­er the risks of #gre­en­wash­ing in the fin­an­cial sec­tor.With the growth of ESG-fo­cused in­vest­ments, the risk of gre­en­wash­ing in­creases and threatens the sound­ness...