Luxembourg: Securities

The Anti-Money Laundering Regulation introduces sweeping changes to EU financial compliance, establishing a EUR 10,000 cap on cash transactions, prohibiting anonymous financial instruments, and mandating the conversion of bearer shares. These measures fundamentally reshape how businesses handle large payments and corporate ownership structures, with strict deadlines and automatic penalties for non-compliance.

The Luxembourg Stock Exchange (LuxSE) Euro MTF Specialist Securities Segment (EM3S) covering both debt and equity instruments now allows securities to be admitted to trading without being recorded in a central...

On 19 December 2025, the CSSF published the Circular CSSF 25/901 (the "Circular"), which relates to the assets, investment limits, risk capital, techniques, borrowing, and transparency requirements in relation to SIFs, SICARs and Part II UCIs.

On 26 February 2025, the EU Commission published two Omnibus packages to streamline its ESG legislation. On 16 April 2025, the EU Parliament and the Council of the EU published...

On 4 April 2025, the Government Council approved draft law n°8526 (hereafter referred to as the "Draft Law"), introducing a new tax credit to encourage individuals to invest in young innovative companies...

In our most recent Newsflash on the topic, we presented the proposed "Stop-the-Clock" directive as one of two major parts of the first Omnibus Package announced by the EU Commission on 26 February 2025.

The European Commission (the Commission) has recently submitted a communication to the attention of the European Securities and Markets Authority (ESMA) proposing certain amendments...

On 7 December 2022, the European Commission (EC) submitted a package of measures known as the "Listing Act" (the Act), aiming at making public markets...

Although the SCS, SCSp and SCA are all "partnerships", the SCS and the SCSp are comparable to Anglo-Saxon types of partnerships...