2016

2016  2015  2014

EUROPE
AIFMD – ESMA publishes compliance table on guidelines on sound remuneration policies
Data protection – EBA issues discussion paper on innovative uses of consumer data by financial institutions
Data protection – New General Data Protection Directive and Regulation have been published
EMIR – ESMA updates its EMIR Q&A
EMIR – ESMA publishes results of EU central counterparties stress test
Financial benchmarks – EU Council adopts tougher rules on manipulation of market benchmarks
MiFID – ESMA Q&A relating to the provisions of CFDs and other speculative products to retail investors
MiFID II/MiFIR – ESMA resubmit to the EU Commission amended draft RTS on reporting obligations, on transparency and for the calculation and application of position limits
MiFID II – Delegated Acts published
MiFID II – State of play of the proposal to delay the entry into force of MiFID II and MiFIR
MiFIR – EU Commission issues a delegated regulation supplementing MiFIR

LUXEMBOURG
New publication regime – RCSL published its handbook on the submission process for mutual funds
UCITS – CSSF issues a circular letter requiring Luxembourg UCITS to report risk data on a semi-annual basis
UCITS – UCITS V Law finally published!

TAX UPDATES
CRS – Tax authorities publish CRS guidance (Luxembourg)
Tax Changes – The Government clarifies planned tax changes for 2017 (Luxembourg)
Treaty entitlement – Discussion draft on treaty entitlement of non-CIV funds