ADEM: Hiring of a third-country national
The Adem has just issued guidelines for Luxembourg employers who wish to employ third-country nationals.
Tag: Regulation
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DLA: Luxembourg business license update
On 20 July 2023, the Luxembourg Parliament adopted a new law that reforms the right of establishment in Luxembourg (the New Law).
DLA: Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
Press Release: Regulation on Markets in Crypto-Assets (MiCA) and more
On 9 June 2023, both the Markets in Crypto-Assets Regulation (MiCA or MICAR) and the recast Regulation on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (TFR) were published in the Official Journal of the European Union. For the full text of the press release we refer you to the
General Members News Press Release: Zalando sues EU Commission over online content rules, seen as first challenge
BRUSSELS, June 27 (Reuters) – Zalando (ZALG.DE), Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s (GOOGL.O) Google and Meta Platforms (META.O).
Moventum: Unconvincing deal between Credit Suisse and UBS
Luxembourg, 20 March 2023 – The buyout of failing Credit Suisse by competitor UBS is unconvincing and will not soothe markets for the time being. This is what Moventum’s Managing Director and Head of Asset Management Carsten Gerlinger anticipates. “In effect, a façade is being puttied with a lot of political central bank money, but it is the engine room at Credit Suisse that is burning”, says Gerlinger. “Hence, a new Swiss problem bank could emerge from combining a strong bank and a weak one.”
VOLODINE LEGAL: Is it time for an international banking regulation?
The recent Credit Suisse proposed acquisition by UBS and the saga of the collapse of several banks in the US (SVB and Signature Bank), may be a trigger that it is time to rethink banking regulation.
General Members News ELVINGER HOSS PRUSSEN: New Publications from AED
New publications from the AED with regard to AML/CFT supervision of non-regulated AIFs (excluding RAIFs) The Administration de l’enregistrement, des domaines et de la TVA (“AED”) has recently published on its website a new section dedicated to the anti-money laundering and counter financing of terrorism (“AML/CFT”) supervision of non-regulated alternative investment funds (“AIFs”), excluding reserved
General Members News Press Release: New CSSF FAQ on CBDF – Guidance on Marketing Communications
New CSSF FAQ on CBDF – Guidance on Marketing Communications On 20 September 2022, the CSSF published a new CSSF FAQ on CBDF Marketing Communications (“CSSF FAQ”), the objective of which is to provide additional guidance to Luxembourg investment fund managers (“IFMs”) on certain key aspects of the marketing communication (“MC”) requirements under Article 4
General Members News Press Release: Elvinger Hoss: CSSF Circular 22/811 on UCI Administrators
CSSF Circular 22/811 on UCI Administrators On 16 May 2022, the CSSF issued Circular 22/811 concerning the authorisation and organisation of entities acting as UCI administrators (“Circular”), which rewrites and repeals Chapter D of IML Circular 91/75 setting out the rules concerning the central administration of Luxembourg undertakings for collective investment (“UCIs”). As announced
General Members News Elvinger Hoss Prussen_NEWSFLASH_Sustainable Finance update (asset management): CSSF announces fast track procedure for Taxonomy Regulation compliance by 1 January 2022
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 7
General Members News GSK Update: PRIIPs Regulation – postponed but not abandoned
On April 16, 2019, following a trialog procedure between the European Commission, the Council of the European Union and the European Parliament, the Parliament decided to (once again) extend the existing transitional period as per Art. 32 Para. 1 PRIIPs Regulation by 24 months until December 31, 2021. Even though it has not done so