Digital operational resilience as key priority for financial institutions Financial institutions and third-party ICT providers will have to strengthen their IT security organisations, as the European Digital Operational Resilience Act (DORA) is expected to be fully applicab...
Premier regard sur le projet de loi n° 8070 transposant la directive n° 2019/1152 relative à des conditions de travail transparentes et prévisibles Le projet de loi n° 8070 vient d’être déposé en date du 7 septembre 2022. Il a pour objet de transposer une directive européenne de 2019 relative « à des conditions de travail transparentes et prévisi...
Recent VAT developments These past few weeks have brought plenty of news that will impact the Luxembourg VAT practice. You will find hereafter a summary of the key elements. Temporary reduction of the Luxembourg VAT rates On...
AML/CFT FRAMEWORK OF INVESTMENT FUNDS: IN THE WAKE OF EU HARMONIZATION, WHERE DO WE STAND IN LUXEMBOURG? On 20 July 2021, the European Commission (Commission) released an ambitious package of legislation in order to strengthen and harmonize measures on anti-money laundering and the countering of terroris...
Cross-border distribution of investment funds – New CSSF FAQ On 20 September 2022, the CSSF published a new FAQ: CBDF - Guidance on marketing communications. The FAQ contains a series of Q&As on key aspects of the application of Article 4 of Regulation (EU) 201...
Drones et vie privée: comment les concilier ? Face à l’utilisation croissante des drones, le besoin d’uniformisation des règles se faisait sentir. Le 31 décembre 2020, un nouveau cadre juridique européen est entré en vigueur. L’objectif de cet ar...
Paiement du salaire et remise des fiches de salaire : mieux vaut éviter les retards Un employeur qui ne s’acquitterait pas de ses obligations concernant le versement du salaire et la transmission des fiches de salaire s’expose à la démission avec effet immédiat du salarié lésé, ainsi...
Invitation aux conférences juridiques Chère consœur, cher confrère, Madame, Monsieur, Le Petit Comité de la Conférence Saint-Yves vous souhaite une bonne rentrée 2022 et à la joie de vous inviter aux conférences juridiques organisées cet ...
Sustainable Finance update (asset management): CSSF communication on SFDR RTS confirmation letter Further to our newsflash of 29 July 2022 in connection with the CSSF's communication of 27 July 2022 in relation to SFDR and the upcoming entry into force of the SFDR RTS on 1 January 2023, the CSSF i...
Report of the Committee on Economic and Monetary Affairs on the European Commission’s proposed ATAD 3 Directive On 12 May 2022, the Committee on Economic and Monetary Affairs within the European Parliament (hereafter the “Committee”) issued a draft report (the ”Draft Report”) suggesting certain amendments to th...
CSSF communication on SFDR and SFDR RTS regulatory requirements On 27 July 2022, the Luxembourg financial regulator (CSSF) released a communication on the regulatory requirements arising from Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related ...
Update on outsourcing of important or critical activities in the insurance sector The Commissariat aux Assurances published a circular letter which clarifies the regulatory equipments that are applicable to the outsourcing of critical or important operational activities and functio...