the manager of a Soparfi that qualifies as an AIF will be subject to certain AIFM Law requirements, such as the asset-stripping limitations. More specifically, if an AIF acquires control of a non-listed EU company, for a period of 24 months following the acquisition it ...
26 May 2021 The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any l...
13 Dec 2024Olivier Lambert+ 2 How EU Anti-Money Laundering laws can help spur strategic innovation Learn how financial services firms can harness the new AML rules to shape the future of fighting financial crime and gain a competitive edge. ...
Germany’s Federal Fiscal Court (BFH) Ruling: reversal of case law in favor of foreign investment funds. On August 21, 2024, Germany's Federal Fiscal Court ruled in favor of a Luxembourg SICAV and a French FCP investment fund, allowing foreign funds to claim refunds for dividend withholding ...
Companies must comply with AML regulations and due diligence procedures. Residency requirements for directors It is not necessary to have Luxembourg nationality to be appointed as a director, but for tax and substance considerations, it's often recommended to appoint a director who is a resident of...
On October 21, 2024, the CSSF introduced Circular 24/863, which integrates theESMA Guidelineson funds’ names using ESG or sustainability-related terms into Luxembourg’s regulatory framework. This initiative directly impacts the investment fund industry by ensuring that fund names accurately reflect th...
2.5 Are there additional requirements in your jurisdiction for exchange-traded funds? Luxembourg is the second-largest exchange-traded funds (“ETFs”) domicile in Europe. There are no specific rules for UCITS that are also traded on regulated markets. Any types of ETFs can be established in Lux...
The RBE Law entered into force on 1 March 2019 with a six month transitional period provided to the entities concerned so as to require them to comply with the requirements of the RBE Law by 1 September 2019. The register The RBE is a central register containing information on the beneficial...
The RBE law has been in force for just over four years, and the purpose of this publication is to provide an update on the state of play, as well as a recap of some of the key requirements and practical considerations. Who can access the RBE – developments since 2019 ...
CEO Jamie Dimon has called for AML requirements to be simplified and improved. The rules are starting to be unified. In 2024, the EU created a new AML authority based in Frankfurt whose rules apply to firms throughout the bloc, without the need for them to be transposed into national laws...