News
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...
read moreLUXEMBOURG 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.
read moreDAC 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...
read moreLuxembourg adopts measures to facilitate holding of meetings in companies and other legal entities during “Covid-19”
As the epedemic of the COVID-19 virus has immediate consequences on the good governance of companies and other legal persons, including public establishments, public interest groups or non-profit associations, the Grand-Ducal Regulation of 20 March 2020 concerning the...
read moreSUSTAINABLE FINANCE FORUM – ON 9 JUNE 2020 – LUXEMBURG
Third edition of the Sustainable Finance Forum Location – Cercle Cité – L-1623 Luxembourg Organized by Luxembourg for Finance
read moreLUXEMBOURG’S AMBITIONS FOR 2025: SHAPING A SUSTAINABLE FUTURE
Luxembourg for Finance has released its ambitions paper laying out a 5-year vision for the further development of a sustainable financial industry. The plan centres around 6 main components that are already at the core of Luxembourg’s role as a centre of excellence in...
read moreATAD II – Law adopted
The Luxembourg Parliament voted to approve the law implementing the EU Anti Tax Avoidance Directive regarding hybrid mismatches with third countries (“ATAD 2”) into Luxembourg domestic law (the “Law”).
read more2020 Budget law – Expiry of pre-2015 advance tax agreements
The main tax measure relates to the expiry of advance tax agreements (ATAs) issued by direct tax authorities before 1 January 2015. Those ATAs will no longer be valid after tax year 2019 (no change made to the initial bill in this respect), but taxpayers will be...
read moreCross-Border Marketing of Investment Funds – Harmonised Rules
The long expected Directive (EU) 2019/1160 regarding cross-border distribution of collective investment funds amending the UCITS Directive and the AIFM Directive (the "Directive") as well as the Regulation (EU) 2011/1156 on facilitating cross-border distribution of...
read moreCSSF online assessment concerning PRIIPs
On 1 July 2019, the CSSF issued a press release concerning PRIIPs. The regulator requires all SIFs, Part II UCIs and SICARs to complete an online assessment available on the eDesk portal as specified in Circular 19/721 (Dematerialisation of requests to the CSSF). The...
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