Amended Shareholders Directive

Articles - The Grand-Ducal Regulation of 15 February 2019 on the registration, payment of administrative fees and access to information recorded in the register of beneficial owners (the “RBE Regulation”) entered into force on 1 March 2019 and depicts the practical aspects of the Law of 13 January 2019 establishing a beneficial owner register (the “RBE Law”). Another document, the LBR Circular 19/01 (the “Circular”) issued by the Luxembourg Business Registers on 25 February 2019  further describes the new register of beneficial owners (the “RBE”) with the aim of helping users. 

Conference - On January 28th and 29th, a delegation of Stibbe Benelux Tax Partners will be at the 8th IBA Finance & Capital Markets Tax Conference. Michael Molenaars and Diogo Duarte de Oliveira will speak at the event, which will also be attended by Henk Verstraete.

Articles - The Belgian Parliament approved the draft law regarding the new Companies and Associations Code (“CAC”) today. The CAC will enter into force on 1 May 2019.

Short Reads - Op 1 januari 2019 zijn de Wet toezicht trustkantoren 2018 (Wtt 2018) en het bijbehorende Besluit in werking getreden. De normen waaraan trustkantoren moeten voldoen worden aangescherpt  en toezichthouder DNB krijgt meer bevoegdheden om handhavend op te treden.