Law on benchmarks published
Parliament voted bill 7164 implementing certain provisions of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 into national law with the law of 17 April 2018 on benchmarks, and which was published on 19 April 2018.
Read the law in full on the official gazette’s website (in French).
Law on PRIIPs KID published
Parliament voted bill 7199 implementing certain provisions of Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) into national law with the law of 17 April 2018 on key information documents for packaged retail and insurance-based investment products (PRIIPs), and which was published on 19 April 2018.
Read the law in full on the official gazette’s website (in French).
CSSF issues press release on new annual surveys on AML/CTF risks
The CSSF published a press release on its intention to conduct an annual online survey collecting standardized key information concerning money laundering and terrorist financing risks from entities subject to the law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended, and which are subject to its supervision.
Read the press release in full on the CSSF website.
CSSF issues its April newsletter
The CSSF published its April newsletter n° 207 which included updates on national and European regulation and statistics on the situation of the industry.
Read the newsletter in full on the CSSF website.