 IN THIS ISSUE:
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 Spring is the best season of the year. It feels as if the world awakens from its winter sleep. We are full of energy and have thought of great ways to help you with your daily struggles at work. In this newsletter, you’ll learn about our innovative Board Pack Solution, which we’d happily come and present to you. You’ll love it! We also update you on the Priips progress and the MRF between Switzerland and Hong Kong. We are ready to take the burden away from you and assist you with all these regulatory challenges, so you can focus on your work! We will not take a summer break, so contact us any time. Äddi an Merci Carole Miltgen CEO |
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Luxembourgish word of the day: “Jippelchen”
“Jippelchen” means: Chick. 
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Fully automated document management solution
A highly-secure, web-based solution which is designed to help you manage financial documents in an easy and efficient way. Next to storing the documents, the solution makes it possible for you to create and edit documents as well as sending them out for review and signature in a highly secure environment. The document management solution works on various devices and in all operating systems. Highly secure and easy to operate |
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In December 2016, Hong Kong’s Securities and Futures Commission (SFC) and the Swiss Financial Market Supervisory Authority (FINMA) signed a Mutual Recognition of Funds deal (Swiss-HK MRF), similar to the mutual recognition of funds scheme between Mainland China and Hong Kong (Mainland-HK MRF). Do you require translations? |
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In November 2016 the European Commission (the “Commission”) had agreed to extend the application date of the EU Regulation on Packaged Retail and Insurance-Based Investment Products (PRIIPs) by 1 year, to be effective as of 1 January 2018. We are actively following the updates for you, so we will be ready in time to assist with your requests. How can we assist you? |
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The year 2017 promises to be exciting for the FinTech sector in Luxembourg. The current influx of FinTech technologies is expected to bring significant benefits to the whole financial services community in Luxembourg – Europe’s number one investment fund centre. FinTech solutions can enable significant increase in competitiveness within the sector, be it by automating repetitive day-to-day back-office tasks or streamlining investor communications and regulatory reporting. Investor communication made easy. |
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The General Data Protection Regulation (GDPR), coming into effect on 25 May 2018, is a regulation which will harmonise the personal data protection landscape across the European Union and beyond. For many organisations, this will mean several changes. Being compliant with the GDPR |
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As the AIFMD approaches its fifth year in operation, a review of the Directive was scheduled to begin by mid-2017, but this is more likely to be re-scheduled to 2018. The priority for the Commission must be to maintain “the regulatory framework applicable to EU-based players and products within the EU single market” rather than with countries outside. AIFMD reporting obligations start here! |
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Prisma’s ambition to proactively reduce and recycle waste throughout the year 2016 has successfully been acknowledged with the SuperDrecksKëscht Quality Label. Our aim is to maintain the waste as low as possible with the purpose of preserving natural resources. Keep it clean! |
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Prisma is going to support and sponsor the Rugby Club Luxembourg Children Summer Camp. With the rugby team, we share the same values: Teamwork, Respect, Enjoyment, Discipline and Excellence. 50 children, between 9-17, are expected to join the rugby camp in 2017. The RCL works closely with Caritas making sure that they include refugees and assisted families. To allow these children to take full advantage of the 4-day summer camp, the RCL needs sponsors. We have therefore decided to support the initiative to allow refugees, children and families in need to participate for free. Charity starts right here! |
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Bretzelsonndeg (Pretzel Sunday) takes place 20 days before Easter, which is half through lent. In Luxembourg we therefore also call it Halleffaaschtensonndeg (half lent Sunday); this year it was on 26th March. Read more |
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1st May tradition in Luxembourg: Meekranz! Whilst some hit the streets with the trade unions for their traditional 1st May marches, the Luxembourg youth goes into the wild to produce their wreath of foliage. The local Café with the biggest "Meekranz" obviously has the best customers, so the competition is on. Read more |
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