Fund marketing: increased scrutiny in store for asset managers
Since 2 February 2022, the guidelines on marketing communications prepared by the European Securities and Markets Authority (ESMA) have been applicable throughout the European Economic Area (EEA) for funds distributed on a cross-border basis. Just days earlier, the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg published Circular 22/795 (PD […]
Banking institutions should prepare now for Basel IV regulations
The Basel Accords, overseen by the Basel Committee on Banking Supervision (BCBS) has issued a round of reforms and regulations in recent years. The Basel III final reforms, referred to as Basel IV, will be fully implemented by January 2025, which means banking institutions have less than three years to get ready. Many banks have delayed their preparation, and fe […]
Real Estate: Elevating the technology and data agenda
Real Estate players have not always been early adopters when it comes to technology according to Oxford University (PDF | 3.4Mb). The trust in a well-established operating model, the lack of industry best practices and knowledge in the digital space have all been major factors for late technology adoption. However, the pandemic was a catalyst toward transform […]
The new tax landscape for shipping companies in Luxembourg
With an eye on the constant evolution of the international tax environment, we’re summarizing the latest national and international developments relevant for the sector. In Luxembourg 2022 budget law The 2022 budget law confirms that the corporate income tax rates will remain unchanged in 2022. The current legislation regarding inter alia the tax rates, tax […]
Luxembourg’s transposition of EU Directive 2019/1937 on the protection of whistleblowers
On 12 January 2022, Luxembourg Minister of Justice Sam Tanson presented the bill to transpose the EU Directive 2019/1937 on the protection of whistleblowers. This bill aligns Luxembourg with EU requirements in protecting people who report breaches of EU laws. How does the Luxembourgish bill compare to the EU directive? The Luxembourgish bill is mostly a straig […]
