News
SiBeM Capital Partners S.A. – Expert Panel on ESG on December 9, 2021
ESG ("Environmental, Social and Governance") criteria are the pillars of the future sustainable finance industry. The consideration of this extra-financial information has become enormously important for both private and institutional investment decisions and the EU...
New CSSF Circular on telework calls for action
On April 9, 2021, the Commission de Surveillance du Secteur Financier (the "CSSF") published CSSF Circular 21/769 on the governance and security structures of supervised companies regarding the execution of orders and activities via telework ("CSSF Circular"). The...
Current ESG challenges in the Luxembourg financial center
Environmental, social and governance (ESG) criteria are currently specific topics that are also being discussed intensively in the Luxembourg financial center. ESG is also seen as the measure of sustainability and the ethical impact of an investment. They are...
LUXEMBOURG – TOP 3 FINANCIAL CENTRES IN THE EU
According the New Financial Index Luxembourg taking its place among the top 3 financial centres in the EU, Luxembourg also comes in third in the world and second in Europe for international activity, while ranking fourth in the world for wider economic, financial,...
Luxembourg, a global green financial centre
Luxembourg has once again been ranked as a leading global green financial centre in the GGFI 7, being placed second highest in the EU and sixth globally.
Luxembourg – First European country to launch a Sustainability Bond Framework
Luxembourg becomes the first European country to launch a Sustainability Bond Framework. This innovative framework, which meets the highest market standards, is also the first in the world to fully comply with the new recommendations of the European taxonomy for green...
DAC 6
The European Council has decided to postpone the deadlines for the exchange of information under the so-called DAC-6 Directive (EU) 2018/822 on the exchange of information on cross-border tax arrangements by six months. The Commission's initial proposal on this...
Proposed six month extension of the DAC6 reporting deadlines
Following the recent European Commission proposal to postpone the initial reporting deadlines for “DAC6” by three months, EU Commission proposes extension of the DAC6 reporting deadlines, a political agreement has now been reached by the COREPER of the Council of the...
LUXEMBOURG INVESTMENT FUNDS UP 254 BILLION IN APRIL
The CSSF has released the figures on assets under management in Luxembourg funds at the end of April. AuM rose by 6.11% to €4.4trn, of which 5,08% is due to markets recovering and 1,03% to net new inflows of new capital.
DAC 6 Luxembourg Law now voted
The Luxembourg Parliament voted to approve the Bill (n°7465) implementing the Directive (EU) 2018/822 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements ("DAC 6"). DAC 6 Law will apply as from 1...