Lois et réglementation

Le Conseil européen et le Parlement européen ont fait un pas important vers la mise en œuvre d’un nouveau système de rapports sur la durabilité en Europe. Elle concerne la directive sur les rapports de durabilité des entreprises (CSRD). Elle exige que les entreprises fassent vérifier de manière indépendante les informations qu’elles communiquent sur la durabilité.

Luxembourg’s financial supervisor CSSF on Monday ordered alternative investment managers to exclusively use a new ePassporting module in its eDesk electronic reporting portal to share notifications for the marketing of investment products registered in the Grand Duchy.

New rules, new details and a new terminology regarding financial sector outsourcing are being introduced by Luxembourg’s financial regulator CSSF with the presentation of its widely discussed ‹circular 22/806›. These changes, with significant consequences for the use of IT and cloud services, bring greater clarity within the  regulatory framework.

La déclaration de la TACT qui se rapporte à la période de référence 2021 doit être introduite au plus tard le 15 juillet 2022. 

Alarmed efforts by European green and microfinance fund providers, led by Dutch firms Triodos and ASN, to get the European Commission to rectify what looks like an omission in its proposed investment fund legislation risk being dismissed as «small beer» and may be overlooked. “We have to keep making noise.”

Members of the European Parliament on Tuesday rejected a proposal by the European Commission to treat nuclear energy and natural gas as sustainable economic activities. If the vote is confirmed by absolute majority in the July 7 plenary meeting, the Commission’s proposal to update the EU taxonomy for sustainable activities will be sent back to the drawing board.

It’s been nearly a decade since the European Commission set out its ambitious plans for a Capital Markets Union (CMU), diversifying sources of funding in Europe’s economy. Progress so far has been slow and Brussels now has conceded it needs help to persuade member states and its citizens of its merits before it can make another push

As the financial industry continues to call for more clarity and guidance to handle what even supervisors see as the «astonishing» complexity of the emerging EU framework for sustainable finance, impact investments and ESG, European regulators have added a range of technical details to sustainability rules over recent weeks. 

Luxembourg has frozen some 4.3 billion euro in Russian assets, mostly held in shares, bonds and bank accounts, as part of the international sanctions against Russia, the finance ministry said.

The Luxembourg Business Register, at the request of the finance ministry, so far has identified more than 90 persons and 1,100 legal entities registered in the Trade and Companies Register (RCS) for which there are details of persons included in the sanctions lists. 

European central bank policy makers will meet in Amsterdam on Thursday at the invitation of Klaas Knot, the Dutch central bank governor who is known for his hawkish approach to interest rates and his support of a 50 basis point rate hike in July. And: when will the ECB start discussing Quantitative Tightening, like the Fed?