Luxembourg: Finance and Banking

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Article
End Of The MiCAR Transitional Regime On 1 July 2026: Practical Impacts For VASPs And Their Customers
The transitional period under MiCAR for virtual asset service providers has ended, creating significant regulatory obligations for crypto-asset service providers and their customers. Luxembourg's CSSF has issued guidance on the implications for VASPs operating without proper authorization, third-country providers targeting EU clients, and the strict interpretation of reverse solicitation exemptions.
Luxembourg Finance
CL
CMS Luxembourg
Article
Raising Private Funds In The EU: ESG Promotion As The Dominant Sustainability Route To Tap Into EU Capital – New York Office Snippet
European institutional investors increasingly favor Article 8 funds under SFDR, which promote environmental and social characteristics alongside good governance practices. US fund managers face strategic decisions when entering the EU market, weighing the benefits of Article 8 classification against operational constraints and investor preferences. The regulatory landscape offers flexibility in ESG implementation, though upcoming SFDR 2.0 reforms will reshape these disclosure requirements by late 2027.
Luxembourg Finance
LL
Loyens & Loeff
Article
US Fund Managers: Open-ended Funds, Redemption Caps And Gates – New York Office Snippet
Semi-liquid alternative investment funds face a critical challenge: balancing illiquid asset investments with investor liquidity needs. When redemption requests surge beyond certain thresholds, fund managers can deploy various restriction mechanisms—but understanding the nuanced differences between redemption caps, gates, and their variants becomes essential under the new AIFMD II framework. The choice between hard caps, soft caps, and gates carries significant implications for regulatory compliance,
Luxembourg Finance
LL
Loyens & Loeff
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Article
The AIFMD II Directive And Financing Transactions
The Luxembourg law of March 3, 2026 transposed the AIFMD II Directive into national law, introducing significant changes to the regulatory framework governing alternative investment funds. This article examines the practical implications for financing transactions involving Luxembourg AIFs, analyzing how the new rules on loan origination, leverage caps, concentration limits, and enhanced disclosure requirements affect both lenders and borrowers in structured finance arrangements.
Luxembourg Finance
D
Dechert
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Article
End Of The MiCAR Transitional Regime On 1 July 2026: Practical Impacts For VASPs And Their Customers
The transitional period under MiCAR for virtual asset service providers has ended, creating significant regulatory obligations for crypto-asset service providers and their customers. Luxembourg's CSSF has issued guidance on the implications for VASPs operating without proper authorization, third-country providers targeting EU clients, and the strict interpretation of reverse solicitation exemptions.
Luxembourg Finance
CL
CMS Luxembourg
Article
Raising Private Funds In The EU: ESG Promotion As The Dominant Sustainability Route To Tap Into EU Capital – New York Office Snippet
European institutional investors increasingly favor Article 8 funds under SFDR, which promote environmental and social characteristics alongside good governance practices. US fund managers face strategic decisions when entering the EU market, weighing the benefits of Article 8 classification against operational constraints and investor preferences. The regulatory landscape offers flexibility in ESG implementation, though upcoming SFDR 2.0 reforms will reshape these disclosure requirements by late 2027.
Luxembourg Finance
LL
Loyens & Loeff
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