Introduction Draft bill n°7885 submitted in Luxembourg Parliament in September 2021 and aiming to establish a foreign investment control regime in Luxembourg is expected to come into force in early 2023. The foreign investment control regime will apply to “foreign investors” acquiring “control” over “critical activities” in Luxembourg. Time to
As of 1 January 2023, UCITS must transition from the familiar KIID to the new KID, aligning with the PRIIPs Regulation. This change aims to enhance transparency and protect retail investors by providing clear, standardized information about investment products. Are you prepared for this shift? Discover what constitutes a PRIIP, the essential elements of a KID, and the responsibilities of UCITS management companies. Our comprehensive guide will help you navigate the complexities of these regulations, ensuring you meet compliance requirements while effectively communicating with your clients. Don’t miss out on crucial insights that could impact your investment offerings!
Good riddance empty shell On 28 October 2022, a new Luxembourg procedure to wind up empty shell companies swiftly has been introduced: administrative dissolution without liquidation. The new procedure will be available to the Luxembourg Prosecutor (Procureur d’État) and Luxembourg Business Register (“LBR”) as from 1 February 2023. The aim