Newsletter July 2022
Asset management and investment funds
- ESMA report on UCITS costs and fees
- ESG - sustainable finance update
- CSSF Circular on UCI administrator
- Outsourcing arrangements
- Marketing communications
- Cross-border (pre-)marketing: CSSF digitalised process
- MMF: ESMA Guidelines on stress test scenarios
- PRIIPs update
- Ukraine crisis
Administrative law
Commercial
Corporate, banking and finance
- CSSF Circular on outsourcing arrangements
- Updated governance rules for banks
- New legal framework for inactive accounts, safes and unclaimed insurance contracts
- Sustainability preferences in MiFID suitability test applicable soon
- Modernisation of the Law of 22 March 2004 on securitisation
- EU pilot regime for market infrastructures based on DLT
- CSSF Telework Circular applies since 1 July 2022
EU law, competition and antitrust
- EU sanctions in response to Russia's invasion of Ukraine
- Revised EU competition rules for distribution agreements entering into force
- CJEU clarifies "non bis in idem" in competition law
- Significant EU case law on abuse of dominance
Employment and pensions law
ICT, IP, media and data protection
- The New Copyright Directive finally transposed into Luxembourg law!
- Proposed EU Data Act open for feedback
- Calculation of fines under the GDPR: draft guidelines by and for the authorities
- EU institutions reach a political agreement on the Digital Services Act
- GDPR: EU Commission’s Q&A about the New Standard Contractual Clauses for Transfers