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Regulatory Watch

Our Regulatory Watch section is meant to help our clients navigate the ever-increasing complexity in financial regulatory environments.

Services

Regulatory Watch section

Below you’ll find the latest international updates concerning tax, regulations, laws and directives that are most applicable to our clients. Please note that downloads are restricted to Alter Domus clients only. For further information, please contact us.

Topic News Area Territory Date Link to the news
Post-Trade Transparency BaFin approves later publication of transactions Reg Germany 02/01/2018 01 2018
AML/CFT Update on the 5AMLD and the Central Register on Beneficial Ownership Reg Ireland 02/01/2018 01 2018
Investment Firm Regulation Central Bank of Ireland publishes second edition of Investment Firm Regulations 2017 Reg Ireland 02/01/2018 01 2018
PRIIPs FSMA publishes a communication on "FINPRO" application intended for the electronic notification of KIDs Reg Belgium 02/01/2018 01 2018
Fund listing Irish Stock Exchange publishes updated Code of Listing Requirements and Procedures for investment funds Reg Ireland 03/01/2018 01 2018
AML/CFT 11 amendments to the Bill 7128 Reg Luxembourg 09/01/2018 01 2018
Financial Sector 5 amendments to the omnibus Bill 7024 Reg Luxembourg 09/01/2018 01 2018
MCAA Multilateral Agreement on Exchange of Financial Account Information Tax Belgium 10/01/2018 01 2018
Company Law Amending RESA Regulation published in the Memorial A Reg Luxembourg 11/01/2018 01 2018
Reporting for Listed Companies SGX consults on quarterly reporting Reg Singapore 11/01/2018 01 2018
Distribution of investment funds BaFin published a Guidance pursuant to sec. 329 of the German Capital Investment Act  Reg Germany 12/01/2018 01 2018
Data Protection New data protection rules in the Fiscal Code from May 2018 Tax Germany 12/01/2018 01 2018
Risk management Irish regulator streamlines risk management reporting for UCITS funds Reg Ireland 14/01/2018 01 2018
MAR FSMA releases FAQ with regard to certain matters regarding takeover bids and market abuse regulations Reg Belgium 15/01/2018 01 2018
Product Intervention BaFin explains pan-European instrument for strengthening consumer protection Reg Germany 15/01/2018 01 2018
Reporting for Listed Companies SGX consults on Listing Rule changes consequential to Code of Corporate Governance review Reg Singapore 16/01/2018 01 2018
MiFID II The AMF’s guide on the funding of research within MiFID II Reg France 17/01/2018 01 2018
Real Estate Collateral BaFin published a national Q&A on CRR requirements for the monitoring of real estate collateral Reg Germany 18/01/2018 01 2018
Supervision AMF’s 5-year strategic plan Reg France 18/01/2018 01 2018
Crowdfunding BMF publishes circular on the treatment of donations Tax Germany 18/01/2018 01 2018
Distribution of investment funds First market reports under MiFID II Reg Germany 18/01/2018 01 2018
Verification of minimum knowledge Equivalence between certain British requirements on the suitable competences and the certified French examination Reg France 22/01/2018 01 2018
GDPD/GDPR Commission communicates on the direct application of GDPR as of 25 May 2018 Reg EU 24/01/2018 01 2018
Tax update Notice regarding indexation of tax scales - Tax year 2019 Tax Belgium 26/01/2018 01 2018
Financial Services Action Plan IFS2020 Action Plan for 2018 Reg Ireland 30/01/2018 01 2018
Financial instruments Complex and non-complex financial instruments classification Reg France 31/01/2018 01 2018
GDPR Irish Government Publishes Data Protection Bill 2018 Reg Ireland 01/02/2018 02 2018
Corporate law reform Amendment to the draft bill of law of 7 December 2017 regarding the reform of corporate law Reg Belgium 01/02/2018 02 2018
Notification of Foreign Relationships Federal Ministry of Finance has updated existing rules for notification of foreign relationships Tax Germany 05/02/2018 02 2018
MiFID II Implementation ESMA publishes the German version of the Guidelines for the target market Reg Germany 05/02/2018 02 2018
Cybersecurity Regulation Cybersecurity Bill passed by Parliament Reg Singapore 05/02/2018 02 2018
AML/CFT CySEC issues a circular on assessment of reports on prevention of ML/TF Reg Cyprus 05/02/2018 02 2018
Fees AMF study on the fees charged by UCITS distributed in France Reg France 06/02/2018 02 2018
Client Onboarding MAS Encourages Financial Institutions to Use Technology to On-board Customers More Efficiently Reg Singapore 07/02/2018 02 2018
Notification Regulation BaFin started a consultation on the amendment of the Notification Regulation Reg Germany 07/02/2018 02 2018
AIFMD Upcoming change to AIF rulebook for Loan originating Qualifying Investor AIFs Reg Ireland 07/02/2018 02 2018
Consensus on the Coalition Agreement Financial investment brokers under BaFin’s supervision in the future? Reg Germany 07/02/2018 02 2018
Double Taxation Treaty Double Taxation Treaties (updated February 2018) Tax Ireland 07/02/2018 02 2018
Minimum Competency Regime Update to Minimum Competency Code 2017 and Minimum Competency Regulations 2017 - Questions and Answers Reg Ireland 07/02/2018 02 2018
Consensus on the Coalition Agreement Large number of provisions will impact the tax system Tax Germany 07/02/2018 02 2018
Brexit Commission issues notices to stakeholders on consequences of Brexit for financial sector Reg EU 08/02/2018 02 2018
Accounting Commission amending Regulation published in the OJEU Reg EU 08/02/2018 02 2018
CbC reporting Further guidance provided Tax EU 08/02/2018 02 2018
AML/CFT Communication on the publication of a new AML/CFT section on NBB website Reg Belgium 08/02/2018 02 2018
AML/CFT 4AMLD Transposition Law enters into force on 18 February 2018 Reg Luxembourg 14/02/2018 02 2018
Financial Services GFSC issues Financial Resources Requirements Rules for the Fiduciary Sector Reg Guernsey 15/02/2018 02 2018
Interpretation Guidance on Remuneration Ordinance BaFin publishes an interpretation guidance on the Remuneration Ordinance for Institutions Reg Germany 16/02/2018 02 2018
FATCA Update to guide on filing a FATCA return Tax Ireland 16/02/2018 02 2018
Government Budget Announcement Singapore Budget 2018 Reg / Tax Singapore 19/02/2018 02 2018
Initial Coin Offerings BaFin publishes an advisory letter on the classification of tokens and cryptocurrencies Reg Germany 20/02/2018 02 2018
Tax update Circular 2018/C/26 concerning the value to be taken into account when allocating or paying movable income in the form of securities Tax Belgium 20/02/2018 02 2018
OTC Derivative Trading MAS consults on Regulations to Require OTC Derivatives to be Traded on Organised Markets Reg Singapore 21/02/2018 02 2018
MiFID II Guidelines on the management body of market operators and data reporting services providers Reg Belgium 21/02/2018 02 2018
Common corporate consolidated tax base New EU corporate tax plan Tax EU 21/02/2018 02 2018
Cryptocurrency Summary of responses to the AMF consultation on initial coin offerings Reg France 22/02/2018 02 2018
Cryptocurrency AMF’s legal analysis of the offer of cryptocurrency derivatives Reg France 22/02/2018 02 2018
AML/CFT Chamber of Commerce and IRE issue opinions on Bills 7216 (Trust Register) and 7217 (REBECO) Reg Luxembourg 22/02/2018 02 2018
Open-ended and Real Estate Funds BaFin consultation on sample templates for cost clauses for open-ended retail AIFs and real estate funds Reg Germany 22/02/2018 02 2018
Investment advice Brochure to apply for an authorization as a portfolio management and investment advice company  Reg Belgium 23/02/2018 02 2018
AML/CFT CySEC issues a Circular on best practices and weaknesses identified during ML/TF focused inspections Reg Cyprus 23/02/2018 02 2018
Tax cooperation Bill n°7250 transposing the EU Regulation 2016/679 relating to protection of private data Tax Luxembourg 23/02/2018 02 2018
Accounting Amendments to IFRS 2 published in the OJEU Reg EU 27/02/2018 02 2018
Transfer Pricing Singapore introduces new transfer pricing rules and guidelines Tax Singapore 28/02/2018 02 2018
Brexit European Commission publishes draft Article 50 Withdrawal Agreement Reg EU 28/02/2018 02 2018
Fairness Tax Belgian Constitutional Court annuls Fairness Tax Reg Belgium 01/03/2018 03 2018
TAXE III Committee Approval by the EU Parliament Tax EU 01/03/2018 03 2018
Income tax treatment of trading in bitcoins Hamburg Ministry of Finance on the income tax treatment of trading in bitcoins Tax Germany 01/03/2018 03 2018
AML Guidance for Completion of the Anti-Money Laundering, Countering the Financing of Terrorism and Financial Sanctions: Risk Evaluation Questionnaire 2018 Reg Ireland 01/03/2018 03 2018
Common Reporting Standard Consolidated list of jurisdictions subject to CRS for the year 2017 Tax Luxembourg 05/03/2018 03 2018
Capital Requirements Guidelines on uniform disclosures as regards transitional arrangements for mitigating the impact of the introduction of IFRS 9 on own funds Reg Belgium 06/03/2018 03 2018
CMU Commission action plan on financing sustainable growth Reg EU 08/03/2018 03 2018
UCITS Central Bank of Ireland announces Thematic Inspection of UCITS Performance Fees Reg Ireland 11/03/2018 03 2018
Mandatory Exchange of Information DAC 6 - EU finance ministers agree on mandatory disclosure rules for intermediaries Tax EU 13/03/2018 03 2018
Mandatory Exchange of Information Commission welcomes adoption of far-reaching new transparency rules for tax advisers in the EU Tax EU 13/03/2018 03 2018
AML/CFT CSSF issues circular 18/684 Reg Luxembourg 14/03/2018 03 2018
Anti-Money Laundering Act Anti-Money Laundering Act - BaFin has started a consultation on a draft of interpretation and application guidance Reg Germany 15/03/2018 03 2018
GFSC Consultation on Draft Regulation of Fiduciaries, Administration Businesses and Company Directors Reg Guernsey 15/03/2018 03 2018
GDPR Rights of Individuals under the GDPR Reg Ireland 16/03/2018 03 2018
Common Reporting Standard Filing Portal now open for returns under the Common Reporting Standards Tax Ireland 16/03/2018 03 2018
PRIIPs Bill 7199 officially adopted Reg Luxembourg 22/03/2018 03 2018
Double Tax Treaty Ratification of the double tax treaty between Luxembourg and Cyprus Tax Luxembourg 22/03/2018 03 2018
IFRS 9 European Commission amends Commission Regulation (EC) 1126/2008 as regards IFRS 9 Reg EU 22/03/2018 03 2018
VAT It’s a go for the option to apply VAT on ‘new’ immovable letting Reg Belgium 24/03/2018 03 2018
Tax update Tax treaty Belgium - Japan Tax Belgium 26/03/2018 03 2018
AIFMD Law of 26 March 2018 containing provisions related to the reformed regime for private equity AIFs Reg Belgium 26/03/2018 03 2018
Listing on SGX SGX consults public on proposed safeguards for dual class share listings Reg Singapore 28/03/2018 03 2018
IFRS 9 CSSF issues circular 18/687 on transitional arrangements Reg Luxembourg 28/03/2018 03 2018
Double Tax Treaty New double tax treaty signed between France and Luxembourg Tax Luxembourg 28/03/2018 03 2018
UCITS Central Bank of Ireland publishes review of the regulatory framework for Irish UCITS (CP 119) Reg Ireland 29/03/2018 03 2018
Country by Country Reporting Heavy CbCR files can be downloaded on myguichet.lu Tax Luxembourg 29/03/2018 03 2018
Tax update Catch all Tax Belgium 29/03/2018 03 2018
Data Analytics MAS and financial industry to develop guidance on responsible use of data analytics Reg Singapore 02/04/2018 04 2018
GDPR Data Protection Bill 2018 passed by the Irish Senate Reg Ireland 03/04/2018 04 2018
Corporate Governance SGX RegCo launches SGX Fast Track programme for companies with good corporate governance standing Reg Singapore 04/04/2018 04 2018
Common Reporting Standard Singapore Activated Three New Relationships for Automatic Exchange of Financial Account Information in 2018 Reg Singapore 09/04/2018 04 2018
Corporate Tax Return Compulsory deposit via electronic means Tax Luxembourg 09/04/2018 04 2018
Provisions on the Valuation of Property Provisions for the purpose of real estate tax are unconstitutional according to the German Constitutional Court Tax Germany 10/04/2018 04 2018
Tax Treatment of Profits Disposal of partnership interests is not unconstitutional - constitutional complaint unsuccessful Tax Germany 10/04/2018 04 2018
Data Protection Directive/GDPR Commission publishes Art. 29 WP Guidelines on transparency Reg EU 11/04/2018 04 2018
Data Protection Directive/GDPR Commission publishes Art. 29 WP Guidelines on consent Reg EU 11/04/2018 04 2018
Common Reporting Standard Release of the public consultation on abusive schemes Tax EU 14/04/2018 04 2018
Compliance Function Royal Decree of 15 April 2018 approving the NBB regulation of 6 February 2018 on the expertise of those responsible for the compliance function Reg Belgium 15/04/2018 04 2018
Liquidity Contracts AMF notes ESMA’s negative opinion concerning the project to introduce a new accepted market practice governing liquidity contracts Reg France 16/04/2018 04 2018
Market Volatility AMF study on the strong volatility observed on the markets in early February 2018 Reg France 19/04/2018 04 2018
PRIIPs AMF ombudsman 2017 annual report Reg Luxembourg 19/04/2018 04 2018
AML/CFT Parliament votes at first reading on 5AMLD Reg EU 19/04/2018 04 2018
Supervisory Priorities Speech: the Asset Management Sector - supervisory insights with a changing landscape Reg Ireland 19/04/2018 04 2018
AML/CFT Decree n°2018-284 strengthening the framework on anti-money laundering measures and the financing of terrorism Reg France 20/04/2018 04 2018
AML/CFT FSMA Communication on the overall assessment of money laundering and terrorist financing risks Reg Belgium 20/04/2018 04 2018
GDPR Art. 29 WP issues position paper on derogations from the obligation to maintain records of processing activities under Art. 30(5) of GDPR Reg EU 23/04/2018 04 2018
Reporting Commission proposes Directive on whistle-blower protection in 10 policy areas Reg EU 23/04/2018 04 2018
Circular Letter Scope of the VAT exemption for credit management Tax Belgium 24/04/2018 04 2018
Securitization Regulation Federal Ministry of Finance consults on draft law modifying the financial market legislation Tax Germany 24/04/2018 04 2018
Double Tax Treaty ALFI releases its opinion on the new convention between France and Luxembourg Tax Luxembourg 24/04/2018 04 2018
Minimum Requirements for Custody Business BaFin starts a consultation on MaDepot Reg Germany 26/04/2018 04 2018
AML/CFT Further legislative steps on Bill 7217 (REBECO) Reg Luxembourg 26/04/2018 04 2018
AML/CFT Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 Reg Ireland 26/04/2018 04 2018
PRIIPs BVI calls for extension of temporary PRIIPs exemption for investment funds Reg Germany 26/04/2018 04 2018
Liquidity Management AMF modifies its General Regulation and updates its doctrine Reg France 26/04/2018 04 2018
Conduct in Financial Institutions Consultation Paper on Proposed Guidelines on Individual Accountability and Conduct Reg Singapore 26/04/2018 04 2018
AML/CFT Central Bank of Ireland issues Anti-money Laundering bulletin Reg Ireland 04/05/2018 05 2018
AIFMD Updated AIFMD Q&A document Reg Ireland 04/05/2018 05 2018
Complaint Management Minimum requirements for complaint management: BaFin publishes a circular Reg Germany 04/05/2018 05 2018
Share Classes AMF modifies its General Regulation and its doctrine on UCITS and AIFs share classes Reg France 07/05/2018 05 2018
Transfer Pricing FAQ issued on the Belgian transfer pricing documentation requirements Tax Belgium 07/05/2018 05 2018
Non-cooperative Jurisdictions Defensive measures issued by the Luxembourg tax authorities Tax Luxembourg 07/05/2018 05 2018
Compliance Function NBB and FSMA Communications on the implementation of their compliance Regulations  Reg Belgium 08/05/2018 05 2018
GDPR Data Protection Commissioner publishes guidance on the GDPR Reg Ireland 08/05/2018 05 2018
AIFMD Royal Decree of 8 May 2018 implementing the reformed regime for private equity AIFs Reg Belgium 08/05/2018 05 2018
Taxable Income per Share Belgian TIS: New Practice Note on the deduction of costs Tax Belgium 09/05/2018 05 2018
AML/CFT Council adopts 5AMLD Reg EU 14/05/2018 05 2018
Late Payment of Taxes Statutory interest rate levied on late payment of taxes no longer up-to-date according to the Supreme Tax Court Tax Germany 14/05/2018 05 2018
Securities Lending Securities lending and securities repurchase agreements under the German Investment Tax Act Tax Germany 15/05/2018 05 2018
Certificate of Residence New procedure applicable for Luxembourg investment funds, investment fund managers and securitization undertakings and UCITS and AIFM/ESMA attestations for non-EU countries Tax Luxembourg 15/05/2018 05 2018
GDPD/GDPR Further legislative steps (Bill 7184) Reg Luxembourg 15/05/2018 05 2018
Financial Services CSSF launches new e-Desk portal Reg Luxembourg 15/05/2018 05 2018
AMF AMF publishes its 2017 annual report Reg France 17/05/2018 05 2018
AML/CFT Decree on administrative sanctions Reg Belgium 17/05/2018 05 2018
Goods and Services Tax Claiming GST on Expenses for Qualifying Funds Tax Singapore 18/05/2018 05 2018
Tax on Securities Accounts Belgian Minister of Finance agrees about a loophole Tax Belgium 22/05/2018 05 2018
CRS/FATCA Updated Self-Certification Forms for the Common Reporting Standard and FATCA Tax Ireland 22/05/2018 05 2018
GDPR Information update on EU General Data Protection Regulation (GDPR) Reg Ireland 22/05/2018 05 2018
AML/CFT Additional comments and recommendations on selected topics Reg Belgium 22/05/2018 05 2018
GDPR Enforcing the GDPR: where does the Irish Data Protection Commission stand? Reg Ireland 23/05/2018 05 2018
AIF Reporting BCL issues circular 2018/241 on new statistical data collection for non-regulated alternative investment funds Reg Luxembourg 24/05/2018 05 2018
GDPR Commencement of Irish Data Protection Act 2018 Reg Ireland 24/05/2018 05 2018
DAC6 Mandatory disclosure rules for intermediaries (DAC6) formal adoption Tax Belgium 25/05/2018 05 2018
Tax on Securities Accounts Practice Note provides further guidance Tax Belgium 25/05/2018 05 2018
Fairness Tax Belgian Constitutional Court annuls Fairness Tax Tax Belgium 28/05/2018 05 2018
AIFMD/UCITS Commission services consult on draft delegated regulations concerning safekeeping duties of depositaries until 26 June 2018 Reg EU 29/05/2018 05 2018
Tax and Duty Manuals Irish Revenue publishes updated Tax and Duty Manuals Tax Ireland 30/05/2018 05 2018
AMF/ACPR Joint Unit of the ACPR and the AMF publishes its 2017 annual report Reg France 30/05/2018 05 2018
MiFID II/MiFIR Implementation of the Directive 217/593/EU Reg Luxembourg 30/05/2018 05 2018
MiFID II/MiFIR Implementation of the Directive 2014/65/EU and of Regulation 600/2014/EU Reg Luxembourg 31/05/2018 05 2018
Owner Control of Investment Firms BaFin issues forms to acquire or increase significant/qualifying holdings Reg Germany 01/06/2018 06 2018
Reporting Requirements Euronext Dublin reduces ongoing reporting obligations for UCITS and Irish regulated funds Reg Ireland 01/06/2018 06 2018
Corporate Law New Belgian Companies Code Reg Belgium 04/06/2018 06 2018
AIFMD FSMA determines criteria to distinct portfolio management from asset-related activities for AIFMs that manage real estate investment funds Reg Belgium 05/06/2018 06 2018
Mandatory Exchange of Information DAC6 enters into force on 25 June 2018 Tax EU 05/06/2018 06 2018
VAT Deduction Input VAT deduction available despite missing details on invoice Tax Germany 06/06/2018 06 2018
Securities Prospectuses Communication in English easier in the approval process for securities prospectuses Reg Germany 06/06/2018 06 2018
GDPR Data Protection Commission launches Public Consultation on types of data processing operations requiring an impact assessment Reg Ireland 06/06/2018 06 2018
FATCA Non-authorized character and update of the rules with respect to declaration of the tax identification number Tax Luxembourg 12/06/2018 06 2018
GDPR First German court decision interpreting the GDPR Reg Germany 13/06/2018 06 2018
MiFID II AMF updates its guide on MiFID II impacts for financial investment advisors (CIFs) Reg France 13/06/2018 06 2018
Stress-testing AMF publishes a study on macro stress tests for the markets and the asset management industry Reg France 13/06/2018 06 2018
Reporting Requirements Fund Profile: reporting requirements of Irish Authorised Investment Funds Reg Ireland 15/06/2018 06 2018
Fund Governance Central Bank of Ireland Fund publishes notice on Management Company Directors who act as a Designated Person Reg Ireland 15/06/2018 06 2018
GDPR Data Protection Commission publishes guidance on limiting data subject rights and the application of Article 23 of the General Data Protection Regulation Reg Ireland 19/06/2018 06 2018
ATAD1 Luxembourg Draft Bill for implementation of ATAD1 Tax Luxembourg 19/06/2018 06 2018
Common Reporting Standard Extension of the list of jurisdictions submitted to declaration with respect to Fiscal Year 2017 Tax Luxembourg 19/06/2018 06 2018
AML/CFT 5AMLD published in OJEU Reg EU 19/06/2018 06 2018
Income Tax Public Consultation on Draft Income Tax (Amendment) Bill 2018 Tax Singapore 20/06/2018 06 2018
MiFID II/MiFIR ESMA confirms the end of the temporary period for LEIs Reg EU 20/06/2018 06 2018
Real Estate Transfer Tax Proposed changes regarding share deals Tax Germany 21/06/2018 06 2018
AML/CFT MFSA Circular and FAQs on beneficial ownership information of trusts Reg Malta 21/06/2018 06 2018
Annual Tax Act Draft Annual Tax Act 2018 Tax Germany 25/06/2018 06 2018
Brexit EBA issues Opinion on the preparations of financial institutions Reg EU 25/06/2018 06 2018
MiFID II AMF updates its doctrine on in the context of MiFID II transposition and the new management company regime Reg France 26/06/2018 06 2018
CRS/FATCA 2018 Annual FATCA and DAC2-CRS Reporting Tax Ireland 28/06/2018 06 2018
Goods and Services Tax Public Consultation on Draft Goods and Services Tax (Amendment) Bill 2018 Tax Singapore 28/06/2018 06 2018
AML/CFT Bill 7216 on the register of trusts split into 2 bills after the publication of 5AMLD Reg Luxembourg 29/06/2018 06 2018
VAT Scope of the exemption for the management of special investment funds Tax Belgium 02/07/2018 07 2018
Transfer Pricing OECD releases BEPS discussion draft on the transfer pricing aspects of financial transactions Tax EU 03/07/2018 07 2018
VAT Letting of a building by a holding company to its subsidiary Tax Belgium 05/07/2018 07 2018
Fund Management Companies Central Bank of Ireland issues Guidance on requirements for Fund Management Companies Reg Ireland 05/07/2018 07 2018
CbCR New list of jurisdictions subject to Country-by-Country Reporting Tax Luxembourg 10/07/2018 07 2018
CRS Update of the list of jurisdictions subject to declaration for declarations related to the year 2017 Tax Luxembourg 10/07/2018 07 2018
EMIR CSSF and CAA communicate on EMIR reporting Reg Luxembourg 13/07/2018 07 2018
AGMs and ARs Timelines Legislative changes relating to Annual General Meetings and Annual Returns timelines will take effect on 31 August 2018 Reg Singapore 16/07/2018 07 2018
Tax Reform Draft Act on Various Income Tax Provisions Tax Belgium 19/07/2018 07 2018
Financial Supervision CSSF Forms Updates Reg Luxembourg 20/07/2018 07 2018
Brexit BaFin Brexit Questionnaire to MiFID branches of UK firms providing investment services in Germany Reg Germany 23/07/2018 07 2018
AML/CFT Further legislative steps (Bill 7217) Reg Luxembourg 24/07/2018 07 2018
Brexit CSSF urges fund management companies to submit their Brexit-related applications Reg Luxembourg 25/07/2018 07 2018
AML/CFT Further legislative steps (Bill 7216A) Reg Luxembourg 26/07/2018 07 2018
Financial Services JFSC communicates on the entry into force of the 2017 LLP Law on 1 August 2018 Reg Jersey 26/07/2018 07 2018
GDPD/GDPR Further legislative steps (Bill 7168) Reg Luxembourg 26/07/2018 07 2018
GDPR Further legislative steps (Bill 7184) Reg Luxembourg 26/07/2018 07 2018
VAT Implementation of the VAT Group law Tax Luxembourg 26/07/2018 07 2018
VAT VAT and immovable rent - as from 1 January 2019 Tax Belgium 01/08/2018 08 2018
Corporate Tax 2018/C/103 Administrative circular on reimbursements of paid-up capital Tax Belgium 02/08/2018 08 2018
Corporate Governance Corporate Governance Council submits final recommendations to strengthen corporate governance in Singapore Reg Singapore 06/08/2018 08 2018
AML/CFT Royal Decree approving FSMA regulation of 3 July 2018 Reg Belgium 07/08/2018 08 2018
AML/CFT FSMA circular on the implementation of a risk-based approach Reg Belgium 07/08/2018 08 2018
AML/CFT Royal Decree on the functioning of the UBO register Reg Belgium 14/08/2018 08 2018
GDPD/GDPR Implementing and Transposition Laws enter into force on 20 August 2018 Reg Luxembourg 15/08/2018 08 2018
Financial Supervision CSSF Forms and FAQ Updates Reg Luxembourg 20/08/2018 08 2018
AML/CFT 4AMLD Transposition Law on information to be obtained and kept by trustees enters into force on 25 August 2018 Reg Luxembourg 21/08/2018 08 2018
Financial Supervision CSSF issues Circular 18/697 on organisational arrangements for AIF depositaries entering into force on 1 January 2019 Reg Luxembourg 23/08/2018 08 2018
Financial Supervision CSSF issues extensive Circular 18/698 on authorisation and organisation of Investment Fund Managers entering into force on 23 August 2018 Reg Luxembourg 23/08/2018 08 2018
AML/CFT FSMA circular on the periodic questionnaire Reg Belgium 30/08/2018 08 2018
AML/CFT Extended deadline for the UBO register Reg Belgium 01/09/2018 09 2018
UCITS CBI Thematic Review on UCITS Performance Fees Reg Ireland 04/09/2018 09 2018
Corporate Structures MAS introduces new corporate structure to enhance fund ecosystem in Singapore Reg Singapore 10/09/2018 09 2018
AML/CFT Law organising the FIU enters into force on 1 November 2018 Reg Luxembourg 12/09/2018 09 2018
Capital Gains Tax Forms Federal Ministry of Finance provides form template for capital gains tax for 2019 Tax Germany 12/09/2018 09 2018
AML/CFT BaFin publishes a Circular regarding AML and high risk countries Reg Germany 21/09/2018 09 2018
EMIR FSMA updates its FAQ on Regulation of 17 January 2017 Reg Belgium 26/09/2018 09 2018
BEPS Australia, France, Japan and Slovak Republic ratify the Multilateral Instrument Tax World 27/09/2018 09 2018
Corporate Structures Corporate Structure - Variable Capital Companies Bill (2018) – Second reading in Parliament  Reg Singapore 01/10/2018 10 2018
Insolvency Law Insolvency Law - Insolvency, Restructuring and Dissolution Bill   All Singapore 01/10/2018 10 2018
Publicity Publicity - Mandatory use of an information note and the content thereof   Reg Belgium 05/10/2018 10 2018
Fraud Tax Fraud - New package of measures to fight against tax fraud and improve tax collection   Tax Belgium 05/10/2018 10 2018
CBCR CbCR - Luxembourg Tax Authority updates its FAQs TAX Luxembourg 05/10/2018 10 2018
Brexit Brexit - FCA consults on temporary permissions and handbook changes  Reg United Kingdom 08/10/2018 10 2018
Corporate Law Corporate Law - Draft law on the implementation of the Code of Companies and Associations All Belgium 10/10/2018 10 2018
Venture Venture Capital - Venture Capital Investment Model Agreements (VIMA)   All Singapore 24/10/2018 10 2018
AML AML/CFT - FATF issues Risk-Based Approach Guidance for the securities sector Reg Singapore 25/10/2018 10 2018
MiFID II Markets in Financial Instruments Act 2018 signed into law Reg Ireland 29/10/2018 10 2018
Corporate Law Corporate Law - Draft law to modernise: (i) the business code, (ii) the rules regarding proof and (iii) the rules regarding property Reg Belgium 01/11/2018 11 2018
VAT VAT - No VAT deduction on deal fees for an intended (not realised) sale of shares Tax Belgium 08/11/2018 11 2018
AML/CFT AML/CFT - 6AMLD on criminal law will apply from 3 December 2020 Reg EU 12/11/2018 11 2018
External Management External Management - MAS to place up to US$5 billion with private equity and infrastructure fund managers Reg Singapore 13/11/2018 11 2018
AML AML - Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 Reg Ireland 14/11/2018 11 2018
CbCR CbCR - Automatic exchange between China and Luxembourg Reg Luxembourg 14/11/2018 11 2018
AIFMD/UCITS AIFMD/UCITS - Central Bank of Ireland publishes Guidance Note for AIFMs and UCITS Management Companies on the Minimum Capital Requirement Report Reg Ireland 15/11/2018 11 2018
FATCA FATCA - Updated FATCA registration system FAQ Tax World 16/11/2018 11 2018
AIFMD AIFMD - Central Bank of Ireland publishes “Notice of intention” to make provision for entities to act as depositaries to AIFs Reg Ireland 19/11/2018 11 2018
Outsourcing Outsourcing - Central Bank of Ireland publishes paper on outsourcing activities in Financial Service Providers Reg Ireland 19/11/2018 11 2018
Supervision Supervision - 2 decrees are published in the context of the modernisation of the legal framework of asset management and debt financing Reg France 21/11/2018 11 2018
Financial Reporting Financial Reporting - BCL issues Calendar of remittance dates for the statistical reporting of investment funds in 2019 Reg Luxembourg 21/11/2018 11 2018
Supervision Supervision - AMF publishes a summary of the five thematic inspections on Client knowledge and experience (SPOT inspections) Reg France 22/11/2018 11 2018
AML/CFT AML/CFT - Government issues Beneficial Ownership Register Policy Reg Jersey 23/11/2018 11 2018
NAT Judgement from the Court of Appeal of Brussels of 29 November 2018 on Belgian net asset tax Tax Belgium 29/11/2018 11 2018
AML/CFT AML/CFT - New series of comments and recommendations on NBB’s website Reg Belgium 29/11/2018 11 2018
Filing Requirements Filing Requirements - Public Consultation on Proposed Revisions to XBRL Filing Requirements and Data Elements Reg Singapore 30/11/2018 11 2018
Corporate Law Draft laws regarding: (i) Belfius, and (ii) the Code of Companies and Associations Reg Belgium 07/12/2018 12 2018
MAR MFSA releases Circular regarding the delay in the disclosure of inside information by issuers of financial instruments Reg Malta 07/12/2018 12 2018
AIFMD CySEC issues Circular C287 on technical clarifications concerning AIFMD reporting and relevant reporting obligations Reg Cyprus 17/12/2018 12 2018
ATAD 1 Luxembourg Parliament votes to approve transposition into Luxembourg’s tax laws Reg Luxembourg 18/12/2018 12 2018
Tax Fraud Draft law containing tax, anti-fraud, financial and miscellaneous provisions Tax Belgium 18/12/2018 12 2018
AML/CFT Parliament votes at first reading on the Bill 7217 concerning the BO Register Reg Luxembourg 18/12/2018 12 2018
AML/CFT New registration requirements for firms for Anti-Money Laundering purposes Reg Ireland 19/12/2018 12 2018
Tax Fraud Law containing measures to combat tax fraud and tax evasion with respect to withholding tax Tax Belgium 20/12/2018 12 2018
AML/CFT Central Bank of Ireland publishes Consultation Paper 128 on Anti-Money Laundering and Countering the Financing of Terrorism Guidelines for the Financial Sector Reg Ireland 21/12/2018 12 2018
AML/CFT Last series of comments and recommendations on NBB’s website Reg Belgium 21/12/2018 12 2018
ATAD 1 Entry into force of the Anti-Tax Avoidance Directive: Q&A and press release Reg EU 30/12/2018 12 2018
Collective Investment Undertakings AMF updates some of its doctrine to take into account MiFID II requirements and the related change in the French asset managers regime Reg France 03/01/2019 01 2019
Financial Supervision CSSF communicates new Form on the authorisation and organisation of IFMs (points 105 and 107 of the Circular CSSF 18/698) Reg Luxembourg 03/01/2019 01 2019
AML/CFT Guidance to Capital Markets Intermediaries on Enhancing AML/CFT Frameworks and Controls Reg Singapore 04/01/2019 01 2019
Brexit National Bank of Belgium urges financial institutions to prepare for the Brexit Reg Belgium 04/01/2019 01 2019
Brexit TPR window open for notification Reg United Kingdom 07/01/2019 01 2019
Brexit FCA consults on contract continuity and securitisation repositories Reg United Kingdom 08/01/2019 01 2019
AIFMD Commission releases Report on the Operation of the AIFMD Reg EU 10/01/2019 01 2019
Supervision AMF unveils its priorities for 2019 Reg France 10/01/2019 01 2019
Tax Fraud Law containing measures to combat tax fraud and tax evasion with respect to withholding tax Tax Belgium 11/01/2019 01 2019
AML/CFT MFSA develops Online Platform for Trusts Ultimate Beneficial Ownership Register Reg Malta 11/01/2019 01 2019
Brexit MFSA issues Circular on the UK FCA Temporary Permissions Regime Reg Malta 11/01/2019 01 2019
AML/CFT Law of 13 January 2019 establishing the BO Register published in the Memorial A Reg Luxembourg 15/01/2019 01 2019
Brexit Central Bank of Ireland provide update on MoU with the FCA and the delegation of portfolio management Reg Ireland 17/01/2019 01 2019
Brexit CySEC publishes Circular C 293 on the UK FCA’s Temporary Permissions Regime Reg Cyprus 22/01/2019 01 2019
AML/CFT Conseil d’État issues Opinion on Draft Grand-Ducal Regulation supplementing the Law of 13 January 2019 establishing a BO Register Reg Luxembourg 22/01/2019 01 2019
VAT ECJ: Turnover head office may impact partial input VAT recovery of branch Tax Belgium 24/01/2019 01 2019
Brexit Irish government publishes General Scheme of the Miscellaneous Provisions (Withdrawal of the United Kingdom from the European Union on 29 March 2019) Bills Reg Ireland 24/01/2019 01 2019
Supervision AMF updates some of its doctrine to take into account MiFID II requirements and the related change in the French asset managers regime Reg France 24/01/2019 01 2019
Financial Supervision Circular CSSF 19/708 on electronic transmission of documents enters into force on 1 February 2019 Reg Luxembourg 29/01/2019 01 2019
Brexit CSSF communicates on Delegation of Investment Management and TPR Reg Luxembourg 30/01/2019 01 2019
Fees Summary of fees due to the AMF Reg France 31/01/2019 01 2019
Tax Fraud Law containing tax, anti-fraud, financial and miscellaneous provisions (including the implementation of Belgian 30% EBITDA rule as from 2019) Tax Belgium 31/01/2019 01 2019
Financial Reporting Surveillance Programme Financial Reporting Practice Guidance 1 of 2019: Areas of Review Focus for FY2018 Financial Statements under the Financial Reporting Surveillance Programme administered by ACRA Reg Singapore 01/02/2019 02 2019
Brexit CySEC issues Announcement on ESMA and European securities regulators, including CySEC, agreed no-deal Brexit MoUs with the UK Reg Cyprus 01/02/2019 02 2019
DRD Draft law to activate dividend received deduction Reg Belgium 01/02/2019 02 2019
Brexit FCA publishes transitional power and TR arrangements Reg United Kingdom 01/02/2019 02 2019
AML/CFT Extended deadline for the UBO register Reg Belgium 01/02/2019 02 2019
Accredited Investor Updated Definition of Accredited Investor and Opt-in Process Reg Singapore 04/02/2019 02 2019
AIFs/UCITS ESMA consults on Draft Guidelines on liquidity stress testing for fund managers and depositaries until 1 April 2019 Reg EU 05/02/2019 02 2019
Collective Investments Undertakings An ordinance is published in the context of the preparation for the Brexit Reg France 07/02/2019 02 2019
Collective Investments Undertakings AMF modifies its General Regulation concerning French employee investment funds Reg France 08/02/2019 02 2019
Brexit JFSC and Government of Jersey Letter to CEO on No Deal Brexit Planning Reg Jersey 08/02/2019 02 2019
BTS Parliamentary question with respect to the modification of the Belgian tax on savings income Reg Belgium 13/02/2019 02 2019
Multilateral Instrument Ratification by Luxembourg Reg Luxembourg 14/02/2019 02 2019
Brexit MFSA issues Circular on the agreement between EU/EEA securities regulators and the UK’s FCA as part of no-deal Brexit scenario Reg Malta 14/02/2019 02 2019
AML/CFT Implementing Regulation on the BO Register published in the Memorial A Reg Luxembourg 19/02/2019 02 2019
Regulatory Reporting Companies (Amendment) Bill 2019 (updated 19 February 2019) Reg Ireland 20/02/2019 02 2019
Collective Investments Undertakings AMF modifies its General Regulation on some provisions relating to AIFs Reg France 21/02/2019 02 2019
Brexit Provision of investment services and performance of investment activities in Belgium by companies governed by UK law after Brexit Reg Belgium 21/02/2019 02 2019
Brexit FCA and PRA Updates on preparations and near-final rules Reg United Kingdom 25/02/2019 02 2019
AML/CFT FATF consults on the Draft Risk-Based Approach Guidance for trust and company service providers, legal professionals and accountants Reg World 25/02/2019 02 2019
Multilateral Convention Draft law on the Multilateral Convention Reg Belgium 27/02/2019 02 2019
Tax Havens Final TAX3 Report Labels 7 EU Member States Tax Havens Tax World 27/02/2019 02 2019
Corporate Law Adoption of the new Code of Companies and Associations Reg Belgium 28/02/2019 02 2019
Accounting Reporting CSSF issues Communiqué on CNC’s Q&As Reg Luxembourg 02/04/2019 04 2019
MLI Draft law on Multilateral instrument Reg Belgium 09/04/2019 04 2019
Fitness & Probity Compliance by Regulated Financial Service Providers with their Obligations under the Fitness and Probity Regime Reg Ireland 09/04/2019 04 2019
French PACTE Draft Bill French PACTE draft Bill was adopted at its final reading in the French National Assembly Reg France 11/04/2019 04 2019
Brexit 2 Laws of 8 April 2019 on measures to be taken in relation to the financial sector published in Memorial A Reg Luxembourg 11/04/2019 04 2019
Inbound Passporting Temporary permissions regime for inbound passporting EEA firms and funds Reg United Kingdom 11/04/2019 04 2019
CMU/PRIIPs Parliament Plenary votes on 1 Directive and 1 Regulation facilitating the cross-border distribution of collective investment funds Reg EU 16/04/2019 04 2019
Regulatory Reporting Companies (Amendment) Act 2019 (No. 10) Reg Ireland 17/04/2019 04 2019
Sustainable Finance ESMA and EIOPA issue Technical Advice on integrating sustainability risks and factors in delegated acts under UCITS Directive, Solvency II, AIFMD, MiFID II and IDD Reg EU 18/04/2019 04 2019
AML/CFT FIU issues Note on false transfers (‘faux virements’) Reg Luxembourg 24/04/2019 04 2019
Various Tax Updates Revenue eBriefs Tax Ireland 25/04/2019 04 2019
Financial Law Law containing various financial provisions Reg Belgium 25/04/2019 04 2019
Budget Law Luxembourg Budget Law 2019 voted and published in the Mémorial A Reg Luxembourg 25/04/2019 04 2019
Various Tax Updates Proposal on various fiscal provisions 2019-I Tax Belgium 25/04/2019 04 2019
Variable Capital Companies Consultation Paper on the Proposed Framework for Variable Capital Companies - Part 2 Reg Singapore 30/04/2019 04 2019
Corporate Law (Draft) laws to: (i) combat late payment to SME’s, (ii) insertion of a new ‘Obligations’ in the new Civil Code, (iii) abolish an obligation in the Code of Economic Law regarding registration in the Crossroads Bank for Enterprises, and (iv) to increase financial transparency in the non-profit sector Reg Belgium 30/04/2019 04 2019
UCITS/AIFM Authorisation requirements for management companies Reg Belgium 10/05/2019 05 2019
AML/CFT CySEC publishes Circulars informing Regulated Entities of measures to remedy vulnerabilities identified in the National Risk Assessment Reg Cyprus 14/05/2019 05 2019
RIs Registrar’s Interpretation No. 1 of 2019 Reg Singapore 15/05/2019 05 2019
Various Tax Updates Law on various tax provisions Tax Belgium 15/05/2019 05 2019
Cayman Tax New Royal decree published on legal constructions outside EEA falling in the scope of the Cayman Tax Tax Belgium 16/05/2019 05 2019
XBRL Filing XBRL Filing Enhancements - New multi upload tool and latest version of BizFinx preparation tool released Reg Singapore 16/05/2019 05 2019
Cross-Border Workers Gentlemen’s agreement Belgium-Luxembourg Tax Belgium 16/05/2019 05 2019
Dispute Resolution Belgium implements new EU tax dispute resolution directive Reg Belgium 17/05/2019 05 2019
CRS Amendment of the Grand-Ducal Regulation on the Common Reporting Standard Reg Luxembourg 17/05/2019 05 2019
AML/CFT Annual questionnaire on anti-money laundering and terrorist financing Reg Belgium 20/05/2019 05 2019
Income Tax Bill Public Consultation on the draft Income Tax (Amendment) Bill 2019 Tax Singapore 22/05/2019 05 2019
PACTE Law PACTE Law published in the French Official Journal Reg France 23/05/2019 05 2019
AML/CFT CSSF publishes Template for key information to complete when sending licencing application for setting up UCI Part II, SIF, SICAR and ELTIF Reg Luxembourg 23/05/2019 05 2019
EMIR Refit Publication in the OJEU of the Regulation 2019/834 and ESMA Q&A Updates Reg EU 28/05/2019 05 2019
Tax Return Preparation of the corporate income tax return and the local form - general due date of 26 September 2019 Tax Belgium 31/05/2019 05 2019
CRS Publication of the frequently asked questions Reg Luxembourg 03/06/2019 06 2019
AIFMD/UCITS Directive ESMA updates its Q&As on depositary tasks and functions Reg EU 04/06/2019 06 2019
EMIR Refit Clearing and reporting obligation Reg Belgium 06/06/2019 06 2019
AIFMD CySEC issues Circular C321 reminding AIFs, AIFLNPs and RAIFs of requirements concerning the raising of capital from investors within a specified time period Reg Cyprus 07/06/2019 06 2019
Intellectual Property Administrative guidance on Luxembourg’s IP tax regime Reg Luxembourg 08/06/2019 06 2019
PTCs GFSC issues Revised Guidance Note on PTCs and Expectations of licensed fiduciaries administering PTCs Reg Guernsey 11/06/2019 06 2019
EMIR Refit ESMA updates its Q&As on EMIR data reporting (new Q&As applying from 17 June 2019) Reg EU 14/06/2019 06 2019
AML/CFT LBR issues further Guidance on the BO Register Reg Luxembourg 17/06/2019 06 2019
AML/CFT Crown Dependencies issue Joint Commitment on increased transparency and accessibility of beneficial ownership registers Reg Guernsey 19/06/2019 06 2019
Income Tax Bill Public Consultation on the draft Income Tax (Amendment) Bill 2019 Tax Singapore 19/06/2019 06 2019
Investment Firms Investment Limited Partnerships (Amendment) Bill 2019 Reg Ireland 20/06/2019 06 2019
GDPR Transfers of Personal Data to Third Countries or International Organisations Reg Ireland 26/06/2019 06 2019
AML/CFT FATF updates RBA Guidance for practitioners and reports to G20 Leader’s Summit Reg World 26/06/2019 06 2019
Intellectual Property Administrative guidance on Luxembourg’s IP tax regime Reg Luxembourg 28/06/2019 06 2019
Financial Reporting CySEC issues RBS-F Version 2 Form for CIFs to be submitted by 18 July 2019 Reg Cyprus 28/06/2019 06 2019
PRIIPs Regulation CSSF communicates on the PRIIPs Assessment for SIFs, Part II UCIs and SICARs by 31 October 2019 Reg Luxembourg 01/07/2019 07 2019
Financial Supervision CSSF issues Circular 19/721 on dematerialised requests and launches eDesk Portal Reg Luxembourg 01/07/2019 07 2019
Brexit CSSF issues Press Release 19/34 on mandatory notification by UK UCIs and/or their managers in case of a ‘hard Brexit’ Reg Luxembourg 15/07/2019 07 2019
SPOT Inspections AMF publishes Summary of socially responsible investment practices observed during its thematic inspections Reg France 15/07/2019 07 2019
CbCR Change of the XSD scheme as from 1st August 2019 Reg Luxembourg 16/07/2019 07 2019
AML/CFT CySEC issues Circular C331 on FATF Updated Guidance on Risk-based Approach for Trust and Company Service Providers Reg Cyprus 23/07/2019 07 2019
VCC Consultation Paper on the Proposed Framework for Variable Capital Companies Part 3 Reg Singapore 24/07/2019 07 2019
UCIs FSMA Guidance relating to marketing communications Reg Belgium 30/07/2019 07 2019
PACTE Law AMF publishes Summary of the PACTE Law and structuring measures for the AMF and the stakeholders it regulates Reg France 31/07/2019 07 2019
VCC Explanatory Brief on the Variable Capital Companies (Miscellaneous Amendments) Bill Reg Singapore 05/08/2019 08 2019
Trade Surveillance Practice Guide Reg Singapore 05/08/2019 08 2019
UCIs FSMA Circular on internal control and periodic statements Reg Belgium 05/08/2019 08 2019
AML/CFT Bill 7467 transposing AMLD V submitted to Parliament Reg Luxembourg 08/08/2019 08 2019
ATAD 2 Implementing Bill 7466 is published Reg Luxembourg 08/08/2019 08 2019
AML/CFT Task Force of 4 Associations issues illustrative non-binding Guidance on identifying BO of investment funds Reg Luxembourg 08/08/2019 08 2019
DAC 6 Bill 7465 on Disclosure for certain cross-border arrangements is published Reg Luxembourg 08/08/2019 08 2019
Industry Letters Fund Liquidity Management Reg Ireland 12/08/2019 08 2019
AIFMD European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2019 [S.I. No. 428 of 2019] Reg Ireland 22/08/2019 08 2019
AIFMD/MMFR/UCITS Directive ESMA finalises Guidelines on Liquidity Stress Testing in UCITS and AIFs Reg EU 02/09/2019 09 2019
VCC Variable Capital Companies (Miscellaneous Amendments) Bill Reg Singapore 03/09/2019 09 2019
Financial Supervision/UCIs CSSF communicates on eDesk Account Creation and UCI Approval Information Session Reg Luxembourg 05/09/2019 09 2019
AML/CFT Anti-Money Laundering and Countering the Financing of Terrorism Guidelines for the Financial Sector Reg Ireland 06/09/2019 09 2019
Standard Chart of Accounts CNC and CTIE inform business users about the Standard Chart of Accounts 2020 and the Mapping Tables Reg Luxembourg 10/09/2019 09 2019
EBITDA Circular letter regarding the "grandfathering" provision included in 30% EBITDA rule Reg Belgium 11/09/2019 09 2019
UBO Registration: policy of tolerance until 31 December 2019 Reg Belgium 23/09/2019 09 2019
Standard Chart of Accounts Regulation on the Standard Chart of Accounts (2020) referred to in Article 12 of Commercial Code enters into force on 27 September 2019 Reg Luxembourg 23/09/2019 09 2019
DTT Entry into force of the double tax treaty France – Luxembourg Tax Luxembourg 25/09/2019 09 2019
AIFMD CSSF updates FAQ (Version 15) on the impact of PRIIPs Regulation Reg Luxembourg 27/09/2019 09 2019
Accounting Law CNC issues Q&A Document clarifying interpretative issues under Article 36 of the Accounting Law Reg Luxembourg 30/09/2019 09 2019
Corporate Law Proposals of Law amending several aspects of Belgian company law Reg Belgium 04/10/2019 10 2019
AML/CFT CSSF communicates on access to the Full National Risk Assessment Report Reg Luxembourg 09/10/2019 10 2019
DAC6 Draft Proposal on the automatic and mandatory exchange of information related to reportable cross-border arrangements Reg Belgium 11/10/2019 10 2019
EMIR CSSF communicates on the results of the 2018 EMIR IFM Questionnaire (PR 19/49) Reg EU 14/10/2019 10 2019
Tax Rulings Pre-2015 Luxembourg Tax Rulings to lapse at the end of 2019 (Bill n°7500) Tax Luxembourg 14/10/2019 10 2019
Taxation Finance Bill Tax Luxembourg 16/10/2019 10 2019
AML/CFT Dear CEO Letter - Compliance by Trust or Company Service Providers (TCSPs or Firms) with their obligations under the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 (CJA 2010) Reg Ireland 17/10/2019 10 2019
DAC6 Irish draft legislation implementing DAC6 published Reg World 17/10/2019 10 2019
PRIIPs Regulation CSSF further communicates on the mandatory PRIIPs Assessment for SIFs, Part II UCIs and SICARs by 31 October 2019 (PR 19/50) Reg Luxembourg 18/10/2019 10 2019
SCP Framework MFSA consults on Reforms to regulatory framework for Company Service Providers until 22 November 2019 Reg Malta 22/10/2019 10 2019
Fund Management Companies Revised Guidelines on Licensing, Registration and Conduct of Business [SFA 04-G05] Reg Singapore 25/10/2019 10 2019
AML/CFT CSSF issues FAQs on persons involved in AML/CFT for a Luxembourg investment fund or investment fund manager Reg Luxembourg 02/12/2019 12 2019
AIFMD ESMA updates its Q&As on Liquidity Stress Tests Reg EU 04/12/2019 12 2019
Specialised Financing Vehicles Publication of the Decree n° 2019-1296 of 4 December 2019 specifying the operating rules of specialised financing vehicles Reg France 06/12/2019 12 2019
Sustainable Finance Disclosures Regulation 2019/2088 and Benchmarks Regulation 2019/2089 published in the OJEU Reg EU 09/12/2019 12 2019
SPOT Inspections AMF publishes a Summary of its thematic inspections on Derivatives Reporting Practices Reg France 09/12/2019 12 2019
Sustainable Finance Political Agreement on Taxonomy Regulation Reg EU 18/12/2019 12 2019
Belgian Establishment Circular concerning the concept of Belgian establishment Reg Belgium 19/12/2019 12 2019
Liquidity Risk Management CSSF issues Circular 19/733 implementing IOSCO Recommendations on LRM for open-ended UCIs Reg Luxembourg 20/12/2019 12 2019
Regulatory Submissions to MAS Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions Reg Singapore 20/12/2019 12 2019
Corporate Income Tax Introduction of the deduction of the group contribution and interest limitation rule Tax Belgium 20/12/2019 12 2019
Tax Rulings Adopted Bill n° 7500 published in Memorial A Tax Luxembourg 23/12/2019 12 2019
ATAD 2 Adopted Bill n° 7466 published in Memorial A Reg Luxembourg 23/12/2019 12 2019
Employee Benefit Schemes Government publishes a Q&A Document on the changes introduced by the Pacte Law on employee benefit schemes Reg France 23/12/2019 12 2019
AML/CFT CSSF issues Circular 19/732 clarifying the identification and verification of the identity of the UBO(s) Reg Luxembourg 23/12/2019 12 2019
DAC6 Law on the automatic and mandatory exchange of information related to reportable cross-border arrangements published in the Official State Gazette Reg Belgium 30/12/2019 12 2019
Accounting Legislation CSSF issues Communiqué on the Regulation on the Standard Chart of Accounts (2020) and the CNC Q&A Document clarifying interpretative issues under Article 36 of the Accounting Law Reg Luxembourg 07/01/2020 01 2020
Supervision 2020 AMF unveils its Priorities for 2020 Reg France 08/01/2020 01 2020
Securities Tax Draft Law amending various provisions with a view to introduce a securities tax Tax Belgium 10/01/2020 01 2020
AML/CFT Parliamentary Finance and Budget Committee adopts 20 Amendments on Bill 7467 transposing certain provisions of AMLD V Reg Luxembourg 14/01/2020 01 2020
Variable Capital Company Launch of the VCC Framework and Responses to 3 Consultation Papers Reg Singapore 15/01/2020 01 2020
AML/CFT CSSF publishes 1st ML/FT risk assessment on the collective investment sector Reg Luxembourg 17/01/2020 01 2020
MiFID II AMF updates its Policy relating to inducements and fees Reg France 17/01/2020 01 2020
Market Abuse Dear CEO - Wholesale Market Conduct Risk - Industry Communication 2020 Reg Ireland 22/01/2020 01 2020
Brexit Conclusion of the Withdrawal Agreement voted by Parliament and adopted by Council Reg EU 31/01/2020 01 2020
Reimbursement of Capital Parliamentary Question Reg Belgium 02/02/2020 02 2020
AML/CFT Publication of an Ordinance and 2 Decrees strengthening the French AML/CFT Reg France 03/02/2020 02 2020
MiFID II AMF publishes a Focus clarifying the relations between producers and distributors Reg France 07/02/2020 02 2020
General Regulation of the AMF Publication of the Order of 28 January 2020 approving amendments to the General Regulation of the Autorité des marches financiers Reg France 07/02/2020 02 2020
Securities Tax Circular relating to Judgment of the Constitutional Court concerning the actions for annulment against the tax on securities accounts Tax Belgium 08/02/2020 02 2020
Transfer Pricing Circular on the group contribution regime Reg Belgium 13/02/2020 02 2020
SRD II Amendment to Draft Law transposing the European Directive regarding the encouragement of long-term involvement by the shareholders Reg Belgium 19/02/2020 02 2020
Late Payments Proposal of Law to combat late payments in commercial transactions Reg Belgium 20/02/2020 02 2020
Savings deposits Circular concerning the tax exemption of income derived from regulated savings deposits by credit institutions established abroad Reg Belgium 21/02/2020 02 2020
AIF AMF updates its doctrine relating to AIFs Reg France 21/02/2020 02 2020
EMIR AMF publishes a Focus on the EMIR Reg France 24/02/2020 02 2020
Transfer Pricing Circular on transfer pricing guidelines for multinational enterprises and tax authorities Reg Belgium 25/02/2020 02 2020
Listing Rule 707(1) Two additional months for issuers to hold AGMs due to concerns about large-group meetings amid COVID-19 Reg Singapore 27/02/2020 02 2020
AML/CFT Updated Periodic Questionnaire Reg Belgium 02/03/2020 03 2020
Accounting Recommendation Language of the annual accounts, consolidated accounts and other related documents Reg Belgium 05/03/2020 03 2020
Shareholders General Meetings/COVID-19 AMF publishes Press Release on shareholders general meetings of listed companies Reg France 06/03/2020 03 2020
XBRL Filing Implementation of revised filing requirements and Release of BizFinx preparation tool Reg Singapore 09/03/2020 03 2020
Financial Supervision/COVID-19 MFSA issues Circulars on contingency planning and timing of regulatory reporting Reg Malta 13/03/2020 03 2020
Corporate Law/COVID-19 Draft Royal Decree on companies facing the impossibility to organise physical meetings (board of directors or shareholders meeting) Reg Belgium 16/03/2020 03 2020
VAT Return/COVID-19 AED announces administrative tolerance in the filing of VAT return Tax Luxembourg 18/03/2020 03 2020
Supporting Tax Measures/COVID-19 Corporate tax support measures Reg Belgium 18/03/2020 03 2020
Market Activities/COVID-19 AMF states Expectations for market activities continuity Reg France 19/03/2020 03 2020
Company Meetings/COVID-19 Grand-Ducal Regulation enters into force on 20 March 2020 Reg Luxembourg 20/03/2020 03 2020
DAC 6 Bill 7465 approved by Luxembourg Parliament and Law published in the Memorial A Tax Luxembourg 21/03/2020 03 2020
AML/CFT/Bill 7467 Main AMLD V Transposition Law enters into force on 30 March 2020 Reg Luxembourg 21/03/2020 03 2020
Collective Investment Schemes Publication of the Decree n°2020-286 of 21 March 2020 amending the legal framework for asset management relating to extinctive management funds Reg France 22/03/2020 03 2020
Write-Downs/COVID-19 Circular on the application of the exemption conditions for write-downs on trade receivables Reg Belgium 23/03/2020 03 2020
Audit/COVID-19 CSSF communicates on Long Form Reports Reg Luxembourg 25/03/2020 03 2020
Emergency Measures/COVID-19 Publication of Several Ordinances Reg France 26/03/2020 03 2020
Financial Reporting/COVID-19 CSSF further updates FAQ to extend certain reporting deadlines Reg Luxembourg 26/03/2020 03 2020
AML/CFT MFSA issues Announcement on main amendments introduced by Trusts and Trustees Act (Register of Beneficial Owners) (Amended) Regulations, 2020 Reg Malta 26/03/2020 03 2020
Financial Reporting/Financial Supervision/COVID-19 Omnibus Bill 7540 and Bill 7541 extending certain reporting and accounting deadlines by 3 months submitted to Parliament Reg Luxembourg 26/03/2020 03 2020
Shareholders General Meetings/COVID-19 AMF publishes Press Release on shareholders general meetings of listed companies Reg France 27/03/2020 03 2020
Financial Reporting/Financial Supervision/COVID-19 CSSF further updates FAQs (Version of 2 April 2020) Reg Luxembourg 30/03/2020 03 2020
AML/CFT/COVID-19 CySEC issues Circular C371 extending submission deadlines of certain reports Reg Cyprus 30/03/2020 03 2020
AGMs/COVID-19 ACRA, MAS and SGX RegCo update guidance on General Meetings Reg Singapore 31/03/2020 03 2020
Financial Reporting/COVID-19 CySEC issues Amending Circular C373 further extending deadlines to submit various documents until June - August 2020 Reg Cyprus 31/03/2020 03 2020
Management Continuity/COVID-19 AMF issues Q&A to assist asset management companies Reg France 31/03/2020 03 2020
Supervision/COVID-19 Dedicated Sections on websites of Belgian regulatory authorities Reg Belgium 31/03/2020 03 2020
Dividend/COVID-19 NBB communicates on expectations regarding dividend distribution policy Reg Belgium 01/04/2020 04 2020
DAC 6 Luxembourg tax authorities issue preliminary Guidelines regarding practical aspects of the upcoming electronic exchange of information resulting from DAC 6 Tax Luxembourg 01/04/2020 04 2020
Withholding Tax Royal Decree updating the RD ITC 92 Tax Belgium 03/04/2020 04 2020
Financial Reporting/Financial Supervision/COVID-19 Further legislative steps in relation to Bills 7540 and 7541 Reg Luxembourg 03/04/2020 04 2020
Fund Management Companies FAQs on the Licensing and Registration Reg Singapore 06/04/2020 04 2020
AGMs and ARs/COVID-19 Extension of Deadlines Reg Singapore 07/04/2020 04 2020
AML/CFT/COVID-19 NBB issues Communication Reg Belgium 07/04/2020 04 2020
Funds Reporting CySEC issues Circular C377 on Actions to be taken concerning the FDR Reg Cyprus 08/04/2020 04 2020
Representatives Notices and FAQs on Minimum Entry and Examination Requirements for Representatives of Holders of Capital Markets Services licence, Exempt Financial Institutions, Licensed Financial Advisers and Exempt Financial Advisers Reg Singapore 08/04/2020 04 2020
UCIs/COVID-19 FSMA issues Press Release Reg Belgium 08/04/2020 04 2020
Financial Reporting/COVID-19 CSSF launches a New Weekly IFM Questionnaire (1st reporting deadline for concerned IFMs by 20 April 2020) Reg Luxembourg 09/04/2020 04 2020
Financial Reporting/Financial Supervision/COVID-19 Further legislative steps in relation to Bill 7541 Reg Luxembourg 09/04/2020 04 2020
Funds Reporting/COVID-19 ESMA issues Public Statement extending the deadlines for Fund Managers to submit their yearly and half-yearly reports to NCAs Reg European Union 09/04/2020 04 2020
AML/CFT/COVID-19 CSSF issues Circular 20/740 on financial crime and AML/CFT implications during the COVID-19 pandemic Reg Luxembourg 10/04/2020 04 2020
SRD II Amendment to, and approval of, Belgian Implementing Law Reg Belgium 11/04/2020 04 2020
Emergency Measures/COVID-19 Publication of the Decree n°2020-418 of 10 April 2020 adapting the rules of meetings and deliberation of the meetings and governing bodies of legal persons and entities without legal personality under private law Reg France 11/04/2020 04 2020
FATCA New e-Tax Guide and FAQs Tax Singapore 13/04/2020 04 2020
Funds Reporting/COVID-19 CySEC issues Circular C380 on periodic reporting obligations for Fund Managers Reg Cyprus 14/04/2020 04 2020
Reporting/COVID-19 NBB communicates on reduction of reporting Reg Belgium 14/04/2020 04 2020
Sustainable Finance Council formally adopts the Taxonomy Regulation Reg European Union 15/04/2020 04 2020
Company Meetings/COVID-19 Bill 7566 extends measures concerning holding of meetings Reg Luxembourg 21/04/2020 04 2020
Tax Filing/COVID-19 Extended Deadlines Tax Singapore 23/04/2020 04 2020
SFDR ESAs consult on Draft RTS until 1 September 2020 Reg European Union 23/04/2020 04 2020
Corporate Tax/COVID-19 Corporate tax support measures Tax Belgium 24/04/2020 04 2020
Corporate Law/COVID-19 Royal Decree N°15 on the temporary suspension for the benefit of companies of implementing measures and other measures Reg Belgium 24/04/2020 04 2020
SPOT Inspections AMF publishes Summary of its thematic inspections on AIFM reporting systems Reg France 24/04/2020 04 2020
CBI Flexibility Measures/COVID-19 Securities Markets, Investment Management, Investment Firms and Fund Service Providers Reg Ireland 24/04/2020 04 2020
AMF General Regulation Publication of the Order of 10 April 2020 approving amendments to the General Regulation of the Autorité des Marchés Financiers Reg France 25/04/2020 04 2020
Corporate Law/COVID-19 Amendment to Royal Decree N°4 on coownership and company and association law Reg Belgium 28/04/2020 04 2020
Collective Investment Schemes Publication of the Decree n° 2020-493 of 28 April 2020 establishing the list of collective investments whose management commissions are exempt from VAT pursuant to Article 33 of Law n° 2019-1479 of 28 December 2019 Reg France 30/04/2020 04 2020
AMF Actions/COVID-19 AMF Chairman’s Speech Reg France 30/04/2020 04 2020
AML/CFT Law of 20 July 2020 transposing the 5AMLD Reg Belgium 05/08/2020 08 2020
MMF Regulation FSMA communicates on reporting to competent authorities Reg Belgium 05/08/2020 08 2020
Company Law/COVID-19 Law of 20 June 2020 extending measures concerning the holding of meetings in companies and other legal persons published in Memorial A Reg Luxembourg 20/08/2020 08 2020
AML/CFT Amending Regulations of 14 August 2020 published in the Memorial A Reg Luxembourg 20/08/2020 08 2020
Carry-Back of Losses/COVID-19 Royal Decree on the administrative formalities Reg Belgium 22/08/2020 08 2020
Audit/Investment Funds/Reporting MFSA issues Circular on Investment Services Rules Changes for AIFs, PIFs and UCITS in relation to the reporting of breaches in the annual report and audited financial statements Reg Malta 25/08/2020 08 2020
VCC Tax Framework (e-Tax Guide) Tax Singapore 28/08/2020 08 2020