Brexit: understanding the transition period

On 31 January 2020, following the formal adoption of the withdrawal agreement, the UK officially left the European Union. Now begins the transition period outlined in the Brexit deal, which provides details on how the UK’s exit will unfold. For example, it states that no UK representative can participate in any EU institution, agency or body. It further declar […]

CSSF declares (renewed) interest in EMIR compliance

On 13 July 2018, the CSSF published a press release stressing its attention on the accurate reporting of derivative transactions. This is relevant to all parties within scope of the European Market Infrastructure Regulation (EMIR), of which the CSSF is the supervisory authority. The communication follows up questionnaires sent to banks in winter 2017 and letters […]