Luxembourg

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KPMG’s summer reading list 2016

Seeing as August is the hottest time for a holiday (in both the literal and figurative senses), we’ve seen fewer people round the office, fewer cars in Kirchberg, and more planes in the sky. Whether you find yourself among the holidaymakers or not, it’s a great season to read, which is why we’ve compiled our first summer reading list.

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Investmentsteuerreformgesetz (InvStRefG): Eine Reform mit weitreichenden Änderungen?

Das neue Investmentsteuerreformgesetz ist da. Mit seiner Verkündung im Bundesgesetzblatt ist es mit Wirkung ab 27. Juli 2016 in Kraft getreten. Das neue Gesetz sieht u.a. ein grundlegend reformiertes Besteuerungssystem von Investmentfonds und deren Anleger vor.

An interview with FinTech company SESAMm

The KPMG Hub for Entrepreneurship (or “Khube”) is a department set up solely to seek out and support start-up companies, primarily FinTechs. I had a chance to sit down with one of the chosen start-ups, a Metz-based company called SESAMm which is working on the marriage of big data and stock tips. Co-founder and president Sylvain Forté spoke to me about his company and his experience in Luxembourg.

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What might a future EMIR sanction regime look like?

One of the objectives of EMIR (the European Market Infrastructure Regulation) is to lower the risk of contagion in the financial system, and in doing so promote an efficient and transparent derivatives market. It’s doing this by

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From the world of Luxembourg banking: five ways to improve your efficiency

We’ve recently been around the banking industry in Luxembourg collecting and compiling the latest edition of Banking Insights (available here). In the process we gleaned five ways to improve efficiency—here’s what Luxembourg’s bankers have been talking about:

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ESMA’s second round of AIFMD passport recommendations

In continuing its country-by-country approach to determining which non-EU countries should have access to the AIFMD passport, ESMA has published the outcome of its reviews of twelve non-EU countries that are home to Managers or Funds active in the EU market. Canada, Japan, Jersey, Guernsey, and Switzerland got the green light with ESMA seeing no obstacles to giving them the passport.

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Looking for breathing room: manufacturers in 2016 and beyond

Our recent global survey about manufacturing points to one main truth: for manufacturers, it’s currently all about growth. An astounding 97% of the survey respondents ranked “exploiting opportunities for growth” as

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Healthcare actors need next-level collaboration

Healthcare services everywhere are becoming more complex by the hour—and so are the population’s demand patterns. Massive amounts of data must be collected and analysed to gain insight on what healthcare professionals are doing and whom they are working with. To meet these needs,

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The RAIF: for investments of any colour

On 14 July 2016 Luxembourg added the eagerly awaited Reserved Alternative Investment Fund (RAIF) to its alternative investment fund structuring toolbox.

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PRIIPs and grandfathering: where’s this debate headed?

With the PRIIPs Regulation’s implementation date approaching—31 December 2016—there are still some questions unanswered for the insurance industry. Specifically,