Business
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Luxembourg moves to make financial services industry more digital
Financial news Financial regulator Luxembourg
Article published on 24 November 2020 www.igniteseurope.com Luxembourg has passed a law designed to make its financial services industry more digital, in a move that will enable local lenders and investment firms to electronically store bonds... -
Luxembourg increases sustainability requirements for Mifid firms
Financial regulator Luxembourg
Article published on 24 November 2020 www.igniteseurope.com 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... -
Lux regulator to ‘fast track’ ESG disclosures
Financial news Financial regulator Luxembourg
Article published on 24 November 2020 www.igniteseurope.com The Luxembourg financial regulator is to launch a fast-track procedure for environmental, social and governance disclosures as fund firms battle to meet impending EU rules. The Commission de Surveillance... -
‘Prepare for no-deal Brexit,’ Lux finance minister tells asset managers
Financial news Luxembourg
Article published on 16 September 2020 www.igniteseurope.com Luxembourg’s finance minister has warned asset managers to brace themselves for a hard Brexit and told UK firms that they will need a physical presence in the EU if... -
Luxembourg warns UK’s Brexit stance jeopoardises City’s market access
Financial news Luxembourg
Article published on 7 July 2020 www.igniteseurope.com Luxembourg’s finance minister has warned that the UK’s plans to diverge from EU regulations for the financial services industry are threatening the country’s future access to the EU market... -
Lux eases market access for non-EU funds
Financial news Luxembourg
Article published on 6 July 2020 www.igniteseurope.com Non-EU fund managers will be able to service professional investors in Luxembourg without requiring a licence under new regulations that could be a boon for UK firms after Brexit.... -
Mandatory notifications in a Brexit context
ALFI Newsflash: ‘As set out in Press Release 19/33, in the event of a hard Brexit, firms that are currently authorised in the UK will be considered as third country firms and will lose the benefit... -
AIFMD: New Pre-Marketing Rules
After one year of negotiations, the Cross-border Distribution Directive (CBDD) amends the Alternative Investment Fund Managers Directive (AIFMD) and introduces new rules for the pre-marketing of alternative investment funds (AIFs) in the European Union (EU). The... -
The New Prospectus Law
Effective 21 July 2019, the new Prospectus Regulation (“PR”) regime was published. The New Prospectus Act repeals the Luxembourg act dated 10 July 2005 on prospectuses for securities, as amended (the Old Prospectus Act) and, together... -
New ESG Guidelines for Annual Reports
In a context of increasing popularity of Environmental, Social and Governance (ESG) investments, the European Commission has published new guidelines on Tuesday, 18th June 2019, to improve the reporting of climate-related information in annual reports. The...