Private Banking Brochures: The Article 37-3(2) LFS Review Standard
MiFID II brochure review: Article 37-3(2) of the 1993 Law requires private-banking brochures to be fair, clear and not misleading.
-
-
Gouvernance des produits MiFID II au Luxembourg : l’article 9, point de contrôle du distributeur
Le règlement grand-ducal du 30 mai 2018 fixe, à son article 9, les obligations de gouvernance des produits applicables aux distributeurs au Luxembourg. L’article 9 s’applique lorsque les établissements de crédit et les entreprises d’investissement décident quels instruments financiers et services d’investissement ils entendent offrir ou recommander. Les services d’investissement visés sont ceux énumérés à…
-
MiFID II Product Governance in Luxembourg: The Article 9 Distributor Control Point
The Grand-ducal Regulation of 30 May 2018 contains the Luxembourg distributor control rule in Article 9. Article 9 applies when credit institutions and investment firms decide which financial instruments and services they intend to offer or recommend to clients. Under the ESMA Guidelines, manufacturers create, develop, issue or design products. Distributors offer, recommend or sell…
-
Crédit à la consommation au Luxembourg : application de la CCD2 le 20 novembre 2026
Préparez-vous au cadre CCD2 crédit consommation Luxembourg. Les banques doivent évaluer la solvabilité et adapter la documentation avant le 20 novembre 2026.
-
Luxembourg Consumer Credit: CCD2 Application 2026
Directive (EU) 2023/2225 of 18 October 2023 on credit agreements for consumers (the “CCD2”) governs the updated Luxembourg consumer credit CCD2 regime applying from 20 November 2026. Luxembourg bill of law 8708 remains in parliamentary process as part of the national implementation work. Banks must systematically update pre-contractual disclosures, align templates with the EUR 1–100,000…
-
Luxembourg Financial Collateral Pledge: Enforcement and Insolvency Protection
A Luxembourg financial collateral pledge works only if three legal tests are satisfied: (i) the collateral must fall within the 2005 Law as financial instruments or claims; (ii) for shares, bonds or fund units held in a securities account, the pledge must appear in the account or custodian records; and (iii) the documents must allow…
-
Luxembourg Cross-Border Private Banking Regulatory Framework
A Luxembourg authorisation does not allow the same private-banking services in every client country. The EEA passport gives access, but country-by-country rules still shape client contact, advice, products, marketing and file evidence.
-
Marketing Communications in Luxembourg Private Banking: MiFID II, PRIIPs and Fund Marketing
Luxembourg private-banking communications may trigger MiFID II, PRIIPs and fund-marketing rules depending on the product, the client and the bank’s role. The key discipline is documentary: align the communication, approve the version and preserve evidence.
-
MiFID II Client Classification in Luxembourg Private Banking
A practical guide to MiFID II client classification in Luxembourg private banking, covering retail clients, professional clients, opt-up criteria, eligible counterparties and conduct obligations.
-
Consumer Credit Directive II: Luxembourg Consumer Credit Products Must Be Remapped Before 20 November 2026
From 20 November 2026, Directive (EU) 2023/2225 replaces Directive 2008/48/EC. This is the Consumer Credit Directive II (CCD2). It applies across the European Union. Luxembourg’s national transposition track is bill of law 8708. The bill is currently in parliamentary committee. The adoption date of bill 8708 is not yet confirmed. Key Takeaways Scope expansion. The…