The September 2026 issue of SFF Magazine is already out ! Click on the following link to read and/or download the PDF version.
FASTER: the fiscal stress test for fund distribution between Luxembourg and Spain
SFDR 2.0: Why simpler language might result in harder choices for fund managers
EU Tax Omnibus Package: Key Changes for Europe and Luxembourg
ARTICLES
Brenda BolCountry Head – Managing Director Cecabank S.A. Branch in Luxembourg With more than twenty years of experience in Luxembourg’s financial sector, Brenda Bol has built a solid professional career in custody and depositary services, holding senior positions and gaining extensive experience in Securities Services…
From Spain to Luxembourg: VCL’s bridge for Spanish asset managersAt Van Campen Liem, we are an independent boutique law firm with offices in Amsterdam and Luxembourg, dedicated exclusively to the asset management industry. Our practice covers Investment Funds, Corporate/M&A, Private Equity & Venture Capital, Tax,…
In briefThe European Commission's proposed Market Integration and Supervision Package (“MISP”) represents a significant step towards deeper capital market integration within the European Union. By seeking to reduce regulatory fragmentation and facilitate cross-border fund distribution, the proposed reforms may enhance the operating framework for UCITS…
Over the past few months, I have had the opportunity to speak with various players in the financial industry—including banks, asset management firms, investment funds, and service providers—about the custody, execution, and tokenization of digital assets.These conversations have given me a better understanding of where…
When the Digital Operational Resilience Act (“DORA”) became applicable in January 2025, it marked a structural shift in how European financial institutions are expected to manage technology risk. DORA moved digital resilience – the ability of a financial institution to withstand, respond to and recover…
Luxembourg and Spain form one of Europe's most intense fund distribution corridors. Close to seven in ten foreign vehicles marketed in Spain are domiciled in Luxembourg. At the end of 2025, according to Inverco, the international investment funds marketed in Spain held approximately €370 billion…
A refined sustainability disclosure will be welcomed by investors, however for fund managers it means providing more evidence of how they’ve arrived at their sustainability narrative. Tomas Tobolka breaks down what private markets fund managers need to consider to meet the challenges of the new…
2026 is the year in which in particular three frameworks - AIFMD II, ELTIF 2.0 and the cross-border distribution regime - are converging in practice, with tangible consequences for fund structuring, distribution and operations.1. AIFMD II: from transposition to operational realityLuxembourg transposed AIFMD II through…
On 24 June 2026, the European Commission published the long-awaited Omnibus proposal. This initiative aims to simplify the European Union’s direct taxation framework through substantial amendments to several tax directives: Council Directive 2011/96/EU on the common system of taxation applicable in the case of parent…
IntroductionKPMG Luxembourg recently published the second edition of its Transfer Pricing (“TP”) Asset Management Survey, expanding the study further from a European initiative (first edition published in February 2024) to a global benchmark covering Europe, North America and other regions. This global survey drew responses…
Organizing financial institutions in Luxembourg around knowledge for better compliance and risk management A compliance officer at a Luxembourg fund administrator opens a query from the CSSF. She's seen this question before, eight months ago, for a different fund, a different file, but the reasoning that…
