Luxembourg: Compliance

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Article
CSSF Imposes Fine For AML And Sanctions Compliance Violations
Luxembourg's CSSF imposed a €56,000 fine on Stonehage Fleming Luxembourg S.A. for multiple compliance failures, including significant delays in processing sanctions screening alerts and implementing changes to screening lists. At the time of inspection, hundreds of alerts had been treated with substantial delays and 42 alerts remained completely unnoticed by the financial services provider.
Luxembourg Finance
DM
Duane Morris LLP
Article
New Guidance Issued By The Luxembourg Business Registers On Beneficial Ownership Registration
The Luxembourg Business Registers has issued new guidance requiring entities held by fiducies, trusts, or foundations to look through these structures when determining beneficial ownership for registration purposes. This circular introduces significant changes to how beneficial owners must be identified and reported, aligning Luxembourg's approach with upcoming EU regulations and potentially requiring many entities to review and amend their existing registrations.
Luxembourg Commercial
AO
A&O Shearman
Article
Development Of Digital Legislation In Europe: Focus On Cybersecurity
The European Union has introduced three major cybersecurity frameworks—NIS2, DORA, and the CRA—that significantly expand regulatory obligations across critical sectors and financial entities. These overlapping directives create a complex compliance landscape for organizations operating in the Benelux region, requiring careful navigation of technical requirements, incident reporting duties, and supply-chain security measures.
European Union Media & IT
LL
Loyens & Loeff
Article
US Fund Managers: Open-ended Funds, Redemption Caps And Gates – New York Office Snippet
Semi-liquid alternative investment funds face a critical challenge: balancing illiquid asset investments with investor liquidity needs. When redemption requests surge beyond certain thresholds, fund managers can deploy various restriction mechanisms—but understanding the nuanced differences between redemption caps, gates, and their variants becomes essential under the new AIFMD II framework. The choice between hard caps, soft caps, and gates carries significant implications for regulatory compliance,
Luxembourg Finance
LL
Loyens & Loeff
Article
Involvement Of External Support In The Portfolio Management Of Luxembourg IFMs
Luxembourg's fund industry has long relied on external portfolio managers and investment advisors, but recent regulatory scrutiny raises fundamental questions about how investment decision-making is organized and where authority truly resides. The distinction between delegation and advisory models is not merely formal—it reflects a deeper tension between commercial reality and regulatory expectations, with direct consequences for sponsors seeking to maintain control while meeting substance requirement
Luxembourg Finance
LL
Loyens & Loeff
Article
Saving The Planet, One Clause At A Time
Environmental clauses are transforming commercial leases into tools for environmental management, driven by ESG requirements and sustainable finance constraints. As green leases become increasingly standard in Luxembourg's real estate market, landlords and tenants must navigate new obligations around energy performance, reporting requirements, and cost-sharing arrangements. The legal drafting of these clauses requires precision to balance environmental goals with practical implementation and preserve asset
Luxembourg Real Estate
LL
Loyens & Loeff
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