Laws and Regulations

A plan that could provide cross-border investors in the European Union with annual gains worth more than eight billion euro has moved a step closer to becoming reality in 2030.

Strengthening the capital market union is a priority in Brussels. Recently, former Italian Prime Minister Enrico Letta published a report titled “Much More Than a Market.” Letta offered his insights to the European Council on how to proceed with the European capital market union.

In his report, Letta indicated that the mobilisation of private capital should be a priority for the capital market union. To this end, he calls for the creation of a Savings and Investments Union. Is this merely old wine in new bottles?

The UK’s new Overseas Fund Regime (OFR) plans to integrate strict sustainability reporting for foreign investment funds by 2025, enhancing market access while maintaining a competitive investment landscape post-Brexit.

Ireland has marked a significant milestone by registering its first three European Long-Term Investment Funds (Eltifs) under the revamped European framework, the Dublin-based national financial supervisor has told Investment Officer Luxembourg.

Despite constant new regulations and sophisticated technology, one of the main reasons why money-launderers and terrorism financiers continue to succeed is a simple lack of qualified personnel able to make effective use of such tools, according to a recent survey carried out in the Europe, Middle East and Africa (EMEA) region by global accounting firm PwC.

Loan origination activities under the EU’s second Alternative Investment Fund Management Directive, known as AIFMD2, present both opportunities and challenges for alternative investment funds, or AIFs, writes Geoffroy Hermanns, partner at Norton Rose Fullbright in Luxembourg. In this contribution as Knowledge Partner to Investment Officer Luxembourg, he also addresses the impact  these AIF changes can have for Eltif funds used for loan origination.

Worried about the protection of European investors, illiquid investments, and financial stability, Esma wants its table to be reinstated into the Eltif standards rulebook, although with some significant modifications.  

As home to investors and companies that prefer the allure of American markets over their domestic counterparts, the European Union has arrived at a crossroads. A window of opportunity has arrived for creating a new framework that supports efficient capital markets, creating growth and jobs and enabling retail investors and pension savers meet their long-term financial needs.

The International Monetary Fund (IMF) this week issued a dire warning concerning the rapidly expanding private credit sector. With Luxembourg standing as a pivotal hub for private credit in both Europe and globally, the IMF’s cautionary stance merits serious attention from the Grand Duchy’s financial community.

The Securities and Exchange Commission (SEC) has revised its climate reporting requirements under pressure from politicians and the business community.