News & Analysis as of September 26, 2024

Luxembourg

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

CRD VI cross-border rules take shape

A&O Shearman on 1/26/2024

Final provisions on cross-border banking services in the EU published - CRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly,...more

Pillar Two Implementation in Luxembourg

Goodwin on 10/26/2023

On 4 August 2023, Luxembourg published a bill of law (the “Bill”) to transpose the EU directive no. 2022/2523 largely known as the “EU Minimum Tax Directive” or “Pillar Two Directive”, ensuring a minimum global Effective Tax...more

Changes to AIFMD Marketing Rules from August 2021 – How will these New Rules Impact Fund Managers?

Proskauer Rose LLP on 4/5/2021

On 2 August 2021, changes to fund marketing rules will come into effect in the European Union (“EU”). The revised rules (the “Marketing Rules”) amend the existing regime relating to the marketing of alternative investment...more

Luxembourg Funds and Brexit: Update to UK Managers

Goodwin on 12/8/2020

With the transition period coming to an end by the end of 2020, many UK managers are questioning the implication of Brexit to the fundraising and management of Luxembourg-based funds. As forecasted in our previous market...more

Luxembourg Adopts Brexit Law for Financial Services

Dechert LLP on 3/27/2019

On 26 March 2019, the Luxembourg Parliament adopted the first few of a series of Brexit laws, including bill of law n°7401. In the event of a no deal Brexit, this bill will entrust the Luxembourg supervisory authorities for...more

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