Category: General Members News

  Sustainable Finance update (asset management): CSSF announces fast track procedure for Taxonomy Regulation compliance by 1 January 2022 The CSSF announced in its communication (available here) published on 2 December 2021 that it has put in place a fast track procedure to facilitate compliance with the taxonomy-related disclosure requirements of articles 5, 6 and … Continued

         PRESS RELEASE              Luxembourg, 25 November 2021   Banque Internationale à Luxembourg Signs the UN Principles for Responsible Banking   Banque Internationale à Luxembourg (BIL) has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry … Continued

Updated CSSF FAQs on UCI Law and MMF Regulation: Change of regulatory practice concerning the holding of ancillary liquid assets by UCITS   On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating … Continued

Distributions of dividends (ordinary and interim), share premium and account 115 11 November 2021 | By Céline Pignon Want to know more on distributions of dividends, share premium and account 115 in Luxembourg? Our latest article will help you understand these concepts and the distribution conditions. Dividend What is a dividend, at which conditions can … Continued

Luxembourg Business Register: Upcoming requirements for individuals – get ready!   4 November 2021 | By Xavier Guzman, Ambroise Foerster and Gertjan Dewilde   According to a notice issued by the Luxembourg Business Register (LBR), with effect as of the end of March 2022 (exact date to be confirmed), individuals and entities registered with the … Continued

        PRESS RELEASE          Luxembourg, 4 November 2021 Seated, from left to right : Tom Lessel, Head of Corporate Banking, BIL, and Stéphanie Damgé, director of Jonk Entrepreneuren Luxembourg asbl Standing, from left to right : Philippe Weisen, Corporate Relationship Manager, BIL and Alessandra Simonelli, Head of Sustainable Development (BIL) Banque Internationale … Continued

Press release  –  27 October 2021 IQ-EQ hires Group Chief Information Officer as part of long-term technology push Rashmi Rao is appointed a new Group CIO at IQ-EQ, reaffirming the investor service firm’s commitment to its technology transformation journey. Rashmi brings 20+ years of experience to her new role and has a proven track record … Continued

Sustainable Finance update (asset management): Final Report on SFDR RTS regarding taxonomy-related disclosures On 22 October 2021, the European Supervisory Authorities or ESAs (EBA, EIOPA and ESMA) presented the European Commission with their Final Report on the draft Regulatory Technical Standards (RTS) regarding taxonomy-related pre-contractual and periodic disclosures under SFDR, as amended by the Taxonomy … Continued

IT and cloud outsourcing: new notification regime On 14 October 2021, the CSSF published its new CSSF Circular 21/785 with regard to replacing the prior authorisation obligation with a prior notification obligation in the case of material IT outsourcing (the “Circular”), which results in a simplification of the current regulatory requirements. The Circular became effective from 15 October … Continued

SCOTTSDALE, ARIZONA, October 12th, 2021 – Paul Binsfeld, Arizona entrepreneur and founder of Company Nurse, has been named the Honorary Consul of Luxembourg to Arizona and New Mexico. In this role, Binsfeld will promote business, cultural, educational, and tourism exchange between Luxembourg, Arizona, and New Mexico. This announcement coincides with the Consul General of the Grand Duchy … Continued