Encouraging insurers to invest for the long term
The EU Parliament adopted legislative amendments to the EU’s prudential regime for insurance and reinsurance undertakings, also known as Solvency II, that may incentivise (re)insurers to invest more in long-term capital, including in ELTIFs and AIFs with a lower risk profile.
Tax – Luxembourg investment tax credit revised to encourage digital, environmental and energy transition
On 19 December 2023, the Luxembourg Parliament passed bill of law 8276 amending the investment tax credit (ITC) rules.
ESAs’ Q&A on Sustainability-Related Disclosures
On 17 November 2022, the ESAs (ESMA, EIOPA, and EBA) published Questions and Answers (“Q&A”) on the SFDR Delegated Regulation (Commission Delegated Regulation (EU) 2022/1288 (“RTS”)).
ELTIF – European Long-Term Investment Fund
learn more about the ELTIF regime for alternative investment funds
New ESAs Joint Q&A on the practical application of the SFDR and ESMA Opinion on the Sustainable Finance Regulatory Framework
Although SFDR has applied from 10 March 2021 and its level II rules from 1 January 2023 many practical points remain, to this date, unclear. This new Q&A covers, among others, issues from principal adverse impact (PAI) measurements to the treatment of investments in other financial products, Taxonomy-alignment calculations, or the need to have websites for the corresponding SFDR disclosures.
ELTIF 2.0 – a promising redesign with state-of-the-art features
The EU co-legislators have published the text of a provisional agreement on the review of the Regulation on European long-term investment funds (ELTIFs). This agreement has the potential to access an untapped retail market and strengthen the ELTIF’s role as a complementary source of financing for the real economy.
Real Estate investment in Luxembourg
Luxembourg’s real estate market is evolving, shaped by increased investment, regulatory change and the influence of key industry players. At Arendt, we’re here to guide you through this complex maze with clarity and confidence.
Unlocking the potential of the ELTIF
To realise the full potential of the ELTIF regime, the EU Commission is proposing enhancements to the ELTIF legal framework to make it more attractive to investors. These targeted amendments would strengthen the ELTIF’s role as a complementary source of finance to the real economy.
The new CSSF FAQ – Sustainable Finance Disclosure Regulation
On 2 December 2022, the CSSF issued an FAQ in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) (“FAQ”). In its FAQ the CSSF (i) defines which financial market participants (“FMPs”) and financial products are targeted while (ii) providing at the same time further clarifications on aspects of the SFDR.
Updated CRS FAQ by the Luxembourg tax administration
Reporting deadline for RAIFs or AIFs that cannot benefit from the Exempt CIV status: 30 June 2022
ESG in the insurance sector – Integrating sustainability into the Solvency II and IDD frameworks
Two major delegated acts will come into force that integrate sustainability risks and factors into insurance undertakings’ risk management, rules of conduct and product governance obligations.
New CSSF Circular on NAV errors, non-compliance with investment rules and other errors concerning UCIs
On 29 March 2024, the CSSF published Circular CSSF 24/856 on the investor protection in case of a NAV calculation error, a non-compliance with investment rules and other errors at the level of a UCI Circular.
Global minimum taxation (Pillar 2) in Luxembourg: new bill of law implements 2023 OECD guidance
On 12 June 2024, the Luxembourg government presented a bill of law to incorporate clarifications and technical provisions resulting from the OECD’s Pillar 2 Administrative Guidance issued in February, July and December 2023 into domestic law.
CSSF Thematic Review on the implementation of sustainability-related provisions in the investment fund industry
The CSSF published a report of its Thematic Review on the implementation of sustainability-related provisions in the investment fund industry.
ESG in the banking sector – Integrating sustainability into the MiFID II framework
Two major delegated acts will come into force that amend the MiFID II framework in order to integrate sustainability risks and factors into banks’ organisational requirements, rules of conduct and product governance obligations.
Webinar – Post lockdown, is Europe re-opening to foreign investment? An overview on future M&A activities and distressed assets investing
Arendt is pleased to invite you to join a webinar that will take place on Wednesday 10 June 2020 at 9:30am CET / 3:30pm HKT
The Real Estate Investment Structure Taxation Review – ed. 4 – Thierry Lesage and Stéphanie Maschiella
The Real Estate Investment Structure Taxation Review is a useful guide for those investors willing to invest in real estate properties located in Europe.
The Real Estate Investment Structure Taxation Review – 5th – Thierry Lesage and Stéphanie Maschiella
The Real Estate Investment Structure Taxation Review is a useful guide for those investors willing to invest in real estate properties located in Europe.
Enhanced protection for retail investors – anticipated impact on the banking, insurance and asset management industries
The EU Commission is proposing to modernise and simplify the framework for retail investment across the different sectors of the financial services industry, namely asset management, banking and insurance.