Monthly Archives: December, 2020

The struggle ends when gratitude begins…

December 23rd, 2020 Posted by Prisma 0 thoughts on “The struggle ends when gratitude begins…”

…by focusing on gratitude, we put our daily dramas into perspective; filling our heart with joy for what we have, rather than being upset about what we don’t have.

We hope that the end of this difficult year will give you time to reflect on your blessings and direct your mindset to everything that is positive in your life.

🎉 Stay safe, stay healthy, protect yourself and those around you.

May 2021 be kind to all of us!

Happy New Year from the Prisma team.

Superheroes wear masks

New Beginnings

December 14th, 2020 Posted by Prisma 0 thoughts on “New Beginnings”

There is a feeling of hope and a sense of a new beginning in the air, as we approach the end of 2020 and the beginning of 2021. We gear up to transition into a new, a kinder, a better year.

But let’s not jump ahead and move too quickly. Let’s take small steps into a new day and a new week. Enjoy the present and make it a good one.

This week we will announce the winners of the QuaranTeam Quiz. Stay tuned.

Luxembourg increases sustainability requirements for Mifid firms

December 14th, 2020 Posted by Business 0 thoughts on “Luxembourg increases sustainability requirements for Mifid firms”

Article published on 24 November 2020

The Luxembourg financial regulator has unveiled new requirements to compel asset managers to pay more attention to environmental, social and governance risks.

The new rules put Luxembourg market participants at the forefront of tackling sustainability risks as EU regulatory amendments on ESG integration have yet to be finalised.

The Commission de Surveillance du Secteur Financier published a new circular earlier this week compelling asset managers and other financial institutions to integrate sustainability factors into their governance procedures.

The circular applies to firms carrying out investment activities or services under Mifid II, such as managing segregated mandates or providing investment advice.

According to the CSSF, firms should give ESG factors the same prominence as liquidity and solvency risks when considering the “‘viability of [their] business model”.

The new obligations come as EU policymakers put the finishing touches to a number of new rules to compel senior managers to take account of ESG risks.

Amendments to the Ucits directive, Mifid II and the Alternative Investment Fund Managers Directive are expected to be finalised in the coming weeks, while firms must also contend with the sustainable finance disclosure regulation, which comes into force next March.

Sebastiaan Hooghiemstra, Luxembourg-based associate at NautaDutilh, says many firms have already begun integrating sustainability risks into their investment decision making processes in order to comply with SFDR.

SFDR, which requires firms to make disclosures on ESG factors at both a company and product level, is also leading firms to incorporate sustainability risks into other governance procedures such as remuneration policies, adds Mr Hooghiemstra.

Other EU regulators have also challenged firms to do more to meet their sustainability objectives.


December 8th, 2020 Posted by Prisma 0 thoughts on “Kleesechersdag”

Et ass Kleesechersdag bei Prisma!

On 6 December the famous “Kleeschen” visits the well behaved children in Luxembourg.

He brings toys, nuts, clementines, chocolates and marzipan…. the bigger children also get come crémant 🥳

Trust The Timing In Your Life

December 4th, 2020 Posted by Prisma 0 thoughts on “Trust The Timing In Your Life”

There is a time and a place for everything.

Trusting the timing in life is about not being afraid to venture out of our comfort zone. It’s about allowing our intuition to serve as our guide taking us to where we are supposed to be at this specific time.

By trusting the time in our life we accept that things happen for a reason.

Have a nice weekend and stay safe! 😎

Light box with motivational statement: Trust the Timing of your Life

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