Regulatory framework

Law of 17 February 2016 (only in French)

introducing the alternative dispute resolution for consumer disputes into the Consumer Code and amending certain other legal provisions of the Consumer Code

Commission Delegated Regulation (EU) 2016/860 of 4 February 2016

specifying further the circumstances where exclusion from the application of write-down or conversion powers is necessary under Article 44(3) of Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms

ESMA Guidelines on complex debt instruments and structured deposits

ESMA/2015/1787

Commission Delegated Regulation (EU) 2016/778 of 2 February 2016

supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to the circumstances and conditions under which the payment of extraordinary ex post contributions may be partially or entirely deferred, and on the criteria for the determination of the activities, services and operations with regard to critical functions, and for the determination of the business lines and associated services with regard to core business lines

Council Regulation (EU) 2016/44 of 18 January 2016

concerning restrictive measures in view of the situation in Libya and repealing Regulation (EU) No 204/2011

EBA Guidelines for the identification of G-SIIs

EBA/GL/2016/01

EBA Technical standards for the identification G-SIIs

CSSF Regulation No 15-07

laying down detailed rules for the application of Article 42a of the Law of 13 February 2007 relating to specialised investment funds as regards the requirements in relation to risk management and conflicts of interest for specialised investment funds which are not referred to in the specific provisions of Part II of that law

CSSF Regulation No 15-08

laying down detailed rules for the application of Article 7a of the Law of 15 June 2004 relating to the Investment company in risk capital (SICAR) as regards the requirements in relation to the management of conflicts of interest for SICARs which are not referred to in the specific provisions of Part II of that law

Circular CSSF 15/633

Financial information to be provided by investment fund managers and their branches on a quarterly basis

Circular CSSF 15/631

Dormant or inactive accounts

Grand-ducal Regulation of 18 December 2015

implementing Article 1(5) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions

Law of 18 December 2015 (coordinated version)

on the failure of credit institutions and certain investment firms

Law of 18 December 2015

approving the agreement on the transfer and mutualisation of contributions to the Single Resolution Fund signed in Brussels on 21 May 2014

Commission Delegated Regulation (EU) 2016/522 of 17 December 2015

supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions

Commission Delegated Regulation (EU) 2017/747 of 17 December 2015

supplementing Regulation (EU) No 806/2014 of the European Parliament and the Council with regard to the criteria relating to the calculation of ex ante contributions, and on the circumstances and conditions under which the payment of extraordinary ex post contributions may be partially or entirely deferred

Resolution 2253 (2015)

Expands the listing criteria to include individuals and entities supporting the Islamic State in Iraq and the Levant (ISIL, also known as Da’esh). Directs the Monitoring Team to submit reports on the global threat posed by ISIL (Da’esh), Al-Qaida, and associated individuals, groups, undertakings, and entities. Encourages all Member States to (a) designate national focal points on issues related to the implementation of the measures described in the resolution, (b) report to the Committee on obstacles to the implementation of the measures described in the resolution; also, calls upon all States to submit an updated report to the Committee no later than 120 days from the adoption of the resolution. Extends the mandates of the Monitoring Team and the Office of the Ombudsperson to December 2019.

Commission Implementing Directive (EU) 2015/2392 of 17 December 2015

on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or potential infringements of that Regulation

ESRB Recommendation on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures

ESRB/2015/2

Commission Delegated Regulation (EU) 2016/1434 of 14 December 2015

correcting Delegated Regulation (EU) 2015/63 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements