Best Financial Services Regulation Lawyers in Luxembourg

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Frank| Cohrs | Bock

Frank| Cohrs | Bock

Luxembourg, Luxembourg

Founded in 2020
50 people in their team
Luxembourgish
German
French
English
Close collaboration between the four partners, each of whom are specialists in their respective fields, proves highly beneficial in the context of litigation. Drawing on this range of expertise, our services are designed with a focus on adding value for you.People turn to us for advice because of...
Etude Maître Laurent Ries

Etude Maître Laurent Ries

Luxembourg, Luxembourg

Founded in 1991
10 people in their team
Luxembourgish
German
French
English
Maître Laurent Ries Maître Laurent Ries – holds an academic degree (international & private & business laws) with the University of Paris II Panthéon Assas, France, admitted to Luxembourg Bar since March 1991, title “Avocat à la Cour” (High Court).   Between 1994...
MOYAL & SIMON Law Firm

MOYAL & SIMON Law Firm

Luxembourg, Luxembourg

Founded in 2010
50 people in their team
Luxembourgish
German
French
English
MOYAL & SIMON is an independent Luxembourg law firm that has matured into an established key firm in Luxembourg since its foundation. We pride ourselves in combining the quality and expertise of the leading commercial law firms while delivering individually-tailored services adapted to the...
Maître Damy

Maître Damy

Luxembourg, Luxembourg

Founded in 2005
10 people in their team
Luxembourgish
German
French
English
The law firm of Maître DAMY specializes in commercial and business law in the Grand Duchy of Luxembourg and NiceLawyer at the Court of Luxembourg and in France , specializing in business law , commercial law, competition law and corporate law, Maître Grégory Damy welcomes you to his office in...
Dechert

Dechert

Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
Dechert has built a global platform across 20 locations with a singular focus – delivering the highest-quality advice that is actionable, commercial and delivered efficiently.Our clients operate in increasingly challenging times. Geopolitical uncertainty, the sheer complexity of modern markets...
LEGAL OZ Law Firm

LEGAL OZ Law Firm

Luxembourg, Luxembourg

Founded in 2020
10 people in their team
Luxembourgish
German
French
English
LAW FIRM IN THE HEART OF LUXEMBOURGLocated in the heart  of the judicial city in Luxembourg, LEGAL OZ is a law firm founded by Maître Ersan ÖZDEK, lawyer at the Court registered with the Luxembourg bar since 2009.Previously, Mr. ÖZDEK headed the litigation department of a renowned...
Plottké & Associates

Plottké & Associates

Luxembourg, Luxembourg

Founded in 1996
50 people in their team
Luxembourgish
German
French
English
Plottké & Associates (formerly LAWYERLux), founded in 1996 by Gilles Plottké, is a Luxembourg based law firm that aims to provide the highest quality of service.Plottké & Associates was originally a law firm specialised in the area of corporate, tax and M&A. Since 1999 we expanded to...
Deynecourt

Deynecourt

Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
WHO WE AREDeynecourt is a firm of choice for institutional and private clients seeking sophisticated, high-value legal and corporate services in Luxembourg. Our recognised practices include corporate and M&A, investment funds, commercial, corporate and tax.Driven by entrepreneurial spirit, we...
Arendt

Arendt

Luxembourg, Luxembourg

Founded in 1988
1,000 people in their team
Arendt offers specialist advice, covering all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We are driven by what our clients need and are committed to supporting their success. This has led to the formation of our Services, Regulatory and Consulting and Advisory...
Law firm Karp & Choucroun

Law firm Karp & Choucroun

Luxembourg, Luxembourg

Founded in 1995
50 people in their team
Luxembourgish
German
French
English
THE KARP & CHOUCROUN LAW FIRMThe Karp & Choucroun law firm is located rue on Philippe II, in the heart of the capital of the Grand Duchy. Their activity is organized around 3 main areas:Business litigationFamily disputesDomiciliationThe firm's lawyers advise and intervene in the country’s...
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About Financial Services Regulation Law in Luxembourg, Luxembourg

Luxembourg, renowned for its developed financial sector, has positioned itself as a leading financial hub in Europe. Financial Services Regulation in Luxembourg is characterized by its stringent yet flexible regulatory environment, which aims to ensure the stability of its financial markets while fostering innovation and competitiveness. The regulations in Luxembourg cover a range of financial activities, including banking, investment services, insurance, and the management of investment funds. Luxembourg's legal framework is aligned with European Union laws, given its membership in the EU, which helps maintain high standards and harmonization with broader European financial regulations.

Why You May Need a Lawyer

Engaging with Financial Services Regulation in Luxembourg can be complex due to its comprehensive legal framework. Here are common instances where legal expertise may be needed:

  • Compliance: Ensuring your financial activities or services comply with Luxembourg laws and EU regulations.
  • Licensing: Navigating the procedures for obtaining necessary licenses to operate financial services in Luxembourg.
  • Litigation: Handling disputes or legal actions that arise from financial operations.
  • Regulatory Advice: Seeking guidance on regulatory changes and how they impact existing business models.
  • Investment Structuring: Structuring investment vehicles in accordance with Luxembourg's sophisticated fund laws.

Local Laws Overview

The financial regulatory framework in Luxembourg involves several key legislative aspects:

  • Commission de Surveillance du Secteur Financier (CSSF): The main regulatory authority overseeing the financial sector, ensuring compliance with legislation.
  • Banking Laws: Governed by the Law of 5 April 1993 on the Financial Sector, outlining the establishment and operation of banks in Luxembourg.
  • Investment Funds: Conducted under the Law of 17 December 2010 relating to undertakings for collective investment, defining diverse fund structures such as UCITS and non-UCITS.
  • Insurance Regulation: Overseen by the Commissariat aux Assurances, regulating the activities of insurance and reinsurance companies.
  • Anti-Money Laundering (AML): The Law of 12 November 2004 requires financial entities to implement stringent AML procedures to prevent financial crimes.

Frequently Asked Questions

What is the role of the CSSF in Luxembourg?

The Commission de Surveillance du Secteur Financier (CSSF) is the principal regulatory body that oversees the financial sector. It ensures the stability and protection of the financial system through supervision and enforcement of compliance with applicable laws.

Do I need a license to operate a financial service business in Luxembourg?

Yes, operating any financial service requires obtaining the appropriate license from the CSSF, which ensures that the service complies with necessary regulations and standards.

How does Luxembourg support investment funds?

Luxembourg offers a robust framework for investment funds, with legislative support for various structures such as UCITS, SICAV, and SICAR, attracting global investors due to its flexibility and regulatory compliance.

What are the penalties for non-compliance with financial regulations?

The penalties can include fines, suspension of operations, and revocation of licenses. The CSSF enforces these penalties to maintain the integrity and stability of the financial market.

What is UCITS, and why is it significant?

UCITS (Undertakings for Collective Investment in Transferable Securities) is a regulatory framework allowing for the sale of investment funds across all EU countries. Luxembourg’s UCITS funds are globally recognized for their regulatory standards and investor protection.

How are anti-money laundering protocols enforced in Luxembourg?

AML protocols are enforced under the Law of 12 November 2004, requiring financial institutions to implement measures such as customer due diligence, transaction monitoring, and reporting of suspicious activities to prevent financial crimes.

What is the importance of GDPR for financial services in Luxembourg?

GDPR (General Data Protection Regulation) is crucial for protecting the privacy and personal data of clients. Financial institutions must comply with GDPR to safeguard data and avoid severe penalties.

Can foreign entities operate financial services in Luxembourg?

Yes, foreign entities can operate in Luxembourg, but they must comply with the local legal and regulatory requirements, often seeking local legal expertise to guide their operations.

What steps should be followed in setting up a new investment fund?

Setting up a new investment fund involves choosing the right fund structure, preparing necessary documentation, seeking CSSF approval, and adhering to ongoing compliance and reporting obligations.

Are Luxembourg’s financial regulations aligned with EU directives?

Yes, Luxembourg’s financial regulations are aligned with EU directives, ensuring harmonization with European standards, fostering a stable and integrated financial services market.

Additional Resources

For further assistance, consider reaching out to these resources:

  • Commission de Surveillance du Secteur Financier (CSSF): For regulatory guidelines and updates.
  • Luxembourg House of Financial Technology (LHoFT): A platform for fintech initiatives and innovation in financial services.
  • ALFI (Association of the Luxembourg Fund Industry): Provides information on investment funds and industry practices.
  • Commissariat aux Assurances: The regulatory authority for insurance-related activities.

Next Steps

If you require legal assistance in Financial Services Regulation, here’s what you can do:

  1. Identify your specific legal needs, such as compliance, licensing, or legal representation.
  2. Research and select a law firm or legal expert specialized in financial services regulation in Luxembourg.
  3. Prepare all necessary documents and information related to your case or inquiry.
  4. Schedule a consultation with the chosen legal expert to discuss your needs and explore legal options and solutions.
Lawzana helps you find the best lawyers and law firms in Luxembourg through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Luxembourg, Luxembourg—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.