CSSF issues press release on the enforcement of the 2013 financial information prepared by issuers of securities
On 8 January 2014, the Commission de Surveillance du Secteur Financier (CSSF) issued press release 14/02 (PR 14/02). This press release is relevant to all issuers whose home member state, within the meaning of the law of 11 January 2008 on transparency requirements for issuers of securities, as amended, is Luxembourg and who prepare their financial statements in accordance with International Financial Reporting Standards (IFRS).
The CSSF is responsible, among others, to supervise that persons falling within the scope of the Transparency Law (the relevant issuers) adhere to their obligations arising out of the Transparency Law.
As per article 3 of the Transparency Law, the relevant issuers must publish annual reports within four months of the end of their financial year. Annual reports comprise inter alia a management report as well as financial information, which must be prepared in accordance with article 3(3) of the Transparency Law…
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Briefings from Arendt & Medernach
The CSSF has issued a new Circular 15/601 relating to the ratio increase notification procedure laid down in Article 94(1)(g)(ii) of Directive 2013/36/EU (CRD IV).
The Luxembourg tax authorities have issued Circular Letter L.I.R. n° 14/4 with respect to the taxation of income realised by a Luxembourg common limited partnership or a special limited partnership.