Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Senior Associate
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Luxembourg 2020 budget bill: tax rulings issued before 2015 expire

On 14 October 2019, the 2020 Luxembourg Government published its parliamentary bill for its 2020 budget. Amongst the various proposals was one to the effect that tax rulings issued by the Luxembourg tax authorities before 1 January 2015, will no longer be valid after the end of the current tax year 2019. The only valid rulings remaining will be the ones issued under the formal process enacted in 2015 and which are valid for 5 years.

Andrew Knight, Evi Koutsioumpa
Tax

Deadline for CSSF’s online assessment concerning PRIIPs: 31 October 2019

Following Commission de Surveillance du Secteur Financier (CSSF) press release on 1 July 2019, concerning the packaged retail and insurance-based investment products (PRIIPs) requirement that all SIFs, Part II UCIs and SICARs to complete an online assessment available on the eDesk Portal as specified in Circular 19/721 (Dematerialisation of requests to the CSSF).

Vanessa Molloy

EBA publishes report on FinTech and crowdfunding activities

On 19 July 2019, the European Banking Authority (EBA) circulated a report which illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms and the approaches followed by competent authorities when granting authorisation for banking and payment services.

Vanessa Molloy, George Apostolou

EBA opines on link between money laundering and prudential oversight

On 24 July 2019, the European Banking Authority (EBA) published an opinion on the link between money laundering and terrorist financing concerns and prudential objectives. This opinion forms part of the EBA's ongoing work to strengthen the fight against money laundering and terrorist financing in Europe and responds to a request in the Council's Anti Money Laundering Action Plan of 2018.

Aki Corsoni-Husain, Chiara Deceglie,
Marina Stavrou