Articles

Legal Conditions for Banking & Investment Activities by Third-Country Firms

Legal Conditions for Banking & Investment Activities by Third-Country Firms

Legal Conditions for Banking & Investment Activities by Third-Country Firms

06.02.2020 LU law

The ALJB (Association luxembourgeoise des juristes de droit bancaire) published its latest issue of the Bulletin Droit & Banque.

​Nicolas Pradel contributed to the latest issue of the Bulletin Droit & Banque published by ALJB - Association luxembourgeoise des juristes de droit bancaire (n° 65 – December 2019) with an article analysing the impact of recent changes to the Luxembourg Financial Sector Law for third-country credit institutions and investment firms.

Click here to read the contribution.

Related news

20.05.2020 NL law
Perpetual securities not considered equity for Dutch corporate income tax purposes

Short Reads - In a decision of Friday 15 May 2020, the Dutch Supreme Court confirmed that fixed-to-floating rate perpetual equity securities (“perpetual securities”) should not be considered a “participation loan” (deelnemerschapslening) for Dutch tax purposes. Under Dutch tax law, characterization of a debt instrument as a “participation loan” implies that such instrument is deemed equity for Dutch corporate income tax purposes. Characterization of the perpetual securities as a participation loan would have meant that the interest would have been regarded non-deductible dividend.

Read more

01.05.2020 EU law
Commission adopts banking package in response to COVID-19 pandemic

Short Reads - On 28 April 2020, the European Commission adopted a banking package aimed at facilitating bank lending to support the economy and help mitigate the economic impact of the COVID-19-pandemic. The package intends to encourage banks to make full use of the flexibility embedded in the EU’s prudential and accounting frameworks, to allow banks to fully support citizens and companies during this pandemic by providing funding. The package includes an Interpretative Communication on the EU's accounting and prudential rules, as well as specific “quick fix” amendments to EU banking rules.

Read more

04.05.2020 NL law
Reputation assessment to be introduced for UBOs of several regulated institutions

Short Reads - On 21 April 2020, the legislative proposal for the Financial Markets Repair Act 2020 (the “Proposal”) was submitted to Dutch Parliament (Tweede Kamer). The Proposal repairs deficiencies and omissions that have occurred in the implementation in Dutch law of certain pieces of European legislation in the field of financial markets. A number of proposed changes are related to the implementation of the (amended) fourth Anti-Money Laundering Directive (“AMLD”).

Read more

28.04.2020 NL law
ESG: European Commission consults on Renewed Sustainable Finance Strategy

Short Reads - While battling the COVID-19 outbreak, the European Commission does not lose sight of the long-term objective to fully embed sustainability in the financial services landscape. On 8 April 2020, the Commission launched a consultation on its Renewed Sustainable Finance Strategy. This consultation is an important step towards forthcoming legislative and regulatory action affecting financial as well as non-financial companies. Early stakeholder involvement is essential due to the particularly wide variety of topics covered by this consultation.

Read more

This website uses cookies. Some of these cookies are essential for the technical functioning of our website and you cannot disable these cookies if you want to read our website. We also use functional cookies to ensure the website functions properly and analytical cookies to personalise content and to analyse our traffic. You can either accept or refuse these functional and analytical cookies.

Privacy – en cookieverklaring