Friday May 4 2018

News Source: Fund Regulation

Focus: Other

Type: General

Country: Luxembourg




The Government of Luxembourg have implemented the law of 17 April 2018 implementing Regulation (EU) 2016/1011 of the European Parliament and of 8 June 2016 concerning the indices used as benchmarks in the context of the instruments and financial contracts or to measure the performance of investment funds.

The main areas covered are:

  • powers of the competent authorities,
  • on-site inspections by competent authorities,
  • administrative pecuniary penalties,
  • amendment of the Consumer Code

Please click on the above link for more information.