Unrestricted Access to Transparency Register Violates EU Law The Court of Justice of the European Union ruled on 22 November 2022 that unrestricted access to information on the beneficial owners of companies under Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention …
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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 …
Since the beginning of the year, at least two new regulatory gems have been added to the Luxembourg investment fund community. In the following, we would like to reiterate their effects on Luxembourg investment funds. First, there is the second Directive 2014/65/EU on markets in financial instruments (“MiFID II”), immediately followed by the Regulation (EU) 1286/2014/EU[1] on …
