Key Regulatory Developments In Luxembourg

Source/Date Brief description BCL Circular 2018/24 BCL Circular 2018/24

On 18 May 2018, the Banque Centrale du Luxembourg (BCL) released a circular to inform non-regulated alternative investment funds (AIFs) of their reporting obligations under regulation ECB/2013/38 concerning statistics on the assets and liabilities of investment funds as well as the ECB guideline on monetary and financial statistics (ECB/2014/15).

For further information, click here.

CSSF Regulation Law of 30 May 2018 (only in French) on markets in financial instruments

The MIFID II implementing law has been finally published in Luxembourg.

For further information in French, click here.

CSSF Regulation

Law of 6 June 2018 (only in French) on transparency of securities financing transactions

The Law implements the EU regulation 2015/2365 on transparency of securities financing transactions and of reuse (also referred to as SFTR) and applies changes to the UCI law of 2010, the AIFM law of 2013 and the Insurance law of 2015.

For further information in French, click here.

CSSF Circular 18/688 Circular CSSF 18/688 (only in French)

Guidelines issued by the European Securities and Markets Authority (ESMA) on the process for the calculation of the indicators to determine the most relevant currencies in which settlement takes place.

For further information in French, click here.

CSSF Circular 18/689 Circular CSSF 18/689 (only in French)

Guidelines issued by the European Securities and Markets Authority (ESMA) on the process for the calculation of the indicators to determine the substantial importance of a CSD for a host Member State.

For further information in French, click here.

CSSF Circular 18/690

Circular CSSF 18/690 (only in French)

Guidelines of the European Securities and Markets Authority (ESMA) on the management body of market operators and data reporting services providers For further information in French, click here.

CSSF Circular 18/691

Circular CSSF 18/691

Update of Circular CSSF 17/668 concerning the ESMA Guidelines on calibration of circuit breakers and publication of trading halts under Directive 2014/65/EU on markets in financial instruments ("MiFID II") and details on reporting of circuit breakers' parameters

For further information, click...