Publication of the Law of 18 December 2015 and the Grand-ducal Regulation of 18 December 2015 on annual accounts and consolidated accounts
Press release 16/07
The CSSF draws attention to the publication of the law of 18 December 2015 amending, in view of the transposition of Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings (“Law on annual accounts and consolidated accounts”). Directive 2013/34/EU (“new accounting directive”) amends Directive 2006/43/EC of the European Parliament and repeals Directives 78/660/EEC (4th Directive) and 83/349/EEC (7th Directive).
The Law on annual accounts and consolidated accounts introduces into Luxembourg law, on the one hand, the new provisions introduced by Chapter 10 of the new accounting directive on the transparency of payments made by undertakings to governments (“country-by-country reporting”) whose finality is the fight against corruption in third countries rich in natural resources (minerals, oil, natural gas or primary forests), and, on the other hand, the mandatory provisions of the (a minima) “accounting component” of said directive thus amending the Luxembourg accounting law.
The law and the Grand-ducal Regulation of 18 December 2015 have been published in the Mémorial on 28 December 2015 and may be downloaded from the Legilux website under:
In addition, and in view of the fact that the Law on annual accounts and consolidated accounts, among others, amends the law of 10 August 1915 on commercial companies and the law of 19 December 2002 on the commercial and companies registry and on the accounting and annual accounts of undertakings, the provisions of these two laws should also be referred to. These laws may be downloaded from the Legilux website under: