Worldwide: Australia And The People’s Republic Of China Now Part Of Luxembourg’s Third Country Regime For Investment Services Ogier


Source: mondaq.com mondaq.com

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Eligible companies in Australia and the People's Republic of China are now able to provide cross-border investment activities or services, as well as ancillary services, to professional clients and eligible counterparties in Luxembourg on a cross-border basis. The change follows new regulation issued on 20 July 2022 by the Luxembourg Financial Sector Supervisory Authority (the CSSF), which amended previous regulation from 29 June 2020, and extended the list of third countries able to provide investment services in Luxembourg according to Article 32-1 of the Law on the financial sector (the LFS) to include the two jurisdictions (the Extension). Australia and...