Compliance

A silent revolution: the changing face of EU insurance distribution

The terms ‘insurance distribution’ and ‘insurance distributor’ shall include the activity of a policyholder selling insurance cover to customers. Yes, you heard that right! This is the opinion of Advocate General Szpunar of the Court of Justice of the European Union (ECJ) delivered on 24 March 2022 in a case involving a collective insurance scheme […]

Internally generated GDPR module: to capitalize or not to capitalize?

Did you know that IAS 38 Intangible Assets is almost half a century old? In fact, the first exposure draft dates all the way back to 1977. So, if you think that the first portable computer was only produced in 1981, you can get an idea of just how old it is and how different technology was at that time. In the Digital Era where intangible assets are a company […]
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Reporting under DAC 6? A five-step guide for banks

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

Reporting under DAC 6? A five-step guide for insurers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

Reporting under DAC 6? A five-step guide for asset managers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]
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What US tax compliance means for the asset management sector

The US Internal Revenue Service (IRS) is increasing its efforts to ensure that non-US entities, including Luxembourg investment funds, comply with US tax rules. Tax authorities seem particularly focused on the following implications: Making US investments may lead to US tax compliance obligations: A company claiming treaty benefits should no […]
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