On 21 December 2012, Luxembourg has adopted a law on the activity of Family Offices (the “Law”). Luxembourg is thus one of the first countries to implement a specific and coordinated legal and regulatory framework for the activity of Family Offices. Within this new framework, the activity of a Family Office will be reserved to specific Luxembourg professionals, which will have to comply with additional professional obligations.

The Law entered into force on 2 January 2013.

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MiFID 2 third country access: the Luxembourg temporary regime now clarified by the CSSF

On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services in accordance with Article 32-1 of the law of 5 April 1993 on the financial sector, as amended (the...

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Financial reporting requirements for funds
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