ESMA Opinion on Undue Costs CSSF SAQ and How They Result in Additional Documentation Requirements for AIFMs On 17 May 2023, ESMA published its Opinion on undue costs of UCITS and AIFs (the “Opinion”).[1] The Opinion is the result of a common supervisory action (CSA) with national competent authorities (NCAs) launched by ESMA in January …
CSSF-SFDR Data Collection – Deadline for Submission of Initial Reports: 15 June 2023 The CSSF has published a communication on SFDR data collection on 24 March 2023 in accordance with its Communication dated 27 July 2022, in which it announces a data collection exercise in relation to the precontractual disclosures on Regulation (EU) 2019/2088 on …
News radar: On 21 March 2020, the Luxembourg Parliament discussed and voted in favor of the bill implementing the DAC 6 Regulation in national law which was last amended by bill no 749510. The amended and now implemented bill (bill no 74959) extends the exemptions from the reporting obligations to expert-comptables, auditors, and lawyers and also …
AIQUNITED is providing information on a decision of the Luxemburg Commercial Court to submit questions in relation to Art. 15, Section 1 of the RBO Law to the European Court of Justice (“ECJ”). Art. 15 of the RBO Law restricts access to the Register of Beneficial Owners (the “RBO”) to public authorities, notaries and financial …
On 25 November 2019, the CSSF published its FAQs titled Persons involved in AML/CFT for a Luxembourg Investment Fund or Investment Fund Manager supervised by the CSSF for AML/CFT purposes (hereinafter referred to as the “FAQs”). The FAQs remind the management and supervisory bodies of Luxembourg investment funds , AIFMs, and UCITS management companies regulated …
RR and RC at the Crossroads Between Company Law and AIFMD Read More »
Scope and Regulatory Facts In its fifth Directive 2018/822/EU (generally referred to as “DAC 6”) amending Directive 2011/16/EU on disclosure requirements for cross-border tax arrangements of 25 May 2018, the Council of the European Union requires the Member States to implement statutory reporting obligations for cross-border (tax) arrangements by 31 December 2019. The implementation of DAC 6 in the …
Amending Directive 2018/822/EU (“DAC 6”) in Luxembourg Read More »
Executive Summary With the law of 20 December 2019[1], Luxembourg has implemented the EU Directive ATAD II into national law with effect from 1 January 2020 by Articles 168ter and 168quater of L.I.R.[2] The directive as well as the law are intended to address so-called “hybrid mismatches” between associated enterprises and, in general, to take stronger action against tax-saving …
Anti-Tax Avoidance Directive II – Luxembourg Implements ATAD II Directive Read More »
Wir freuen uns, gemeinsam mit Ihnen das 5-jährige Jubiläum unserer Firma zu begehen. Seit 5 Jahren AIQUNITED! Am 28.03.2019 haben Sie mit uns im Le Quai in Grevenmacher gefeiert. Wir hoffen, Ihnen hat die Feier genauso sehr Spaß gemacht, wie uns. Hier ein kleiner Rückblick: Eröffnet wurde der Abend von Peter Kleingarn mit einem Tax …
German Tax Reporting and Partial Exemptions for German Investors Following the introduction of the new German Investment Tax Act (“InvStG”) of 1 January 2018, the new regulations must be taken into account for the first time at the level of the investors based in Germany when preparing tax returns for the tax year 2018. 1. …
German Tax Reporting and Partial Exemptions for German Investors Read More »
