Applicable laws & references

The rules in Luxembourg for the bookkeeping, and the preparation and filing of statutory and consolidated financial statements are ruled by the following laws and regulations:

  • Law of 10 August 1915 on commercial companies (consolidated version 12/2010)
  • Law of 6 December 1991 on insurance services (consolidated version 11/2010)
  • Law of 17 June 1992 on the accounts of credit institutions (consolidated version 02/2010)
  • Law of 5 April 1993 on financial services (consolidated version as of 11/2010)
  • Law of 8 December 1994 on the accounts of insurance undertakings
  • GRD of 14 December 1994 insurance and reinsurance services
  • Law on 31 May 1999 on domiciliation
  • Law of 19 December 2002 on the companies register (consolidated version 12/2010)
  • Law of 20 December 2002 on funds (repealed with effect 01/07/2012)
  • Law of 27 July 2003 on Trusts & Fiduciary Contracts
  • Law of 22 March 2004 on securitisation
  • Law of 12 November 2004 on AML (consolidated version 11/2010)
  • Law of 15 June 2004 on SICAR
  • Law of 10 July 2005 on prospectuses
  • Law of 16 March 2006 on the introduction of IFRS for banks
  • Law of 13 February 2007 on SIFs
  • GRD of 27 February 2007 on subscription tax to SIFs
  • Law of 13 July 2007 on MiFID
  • GRD of 13 July 2007 on MiFID - Financial Instruments
  • GRD of 13 July 2007 on MiFID Rules of conduct
  • Law of 5 December 2007 on insurance and reinsurance sector
  • GRD of 5 December 2007 supervision of insurance undertakings
  • Law of 11 January 2008 on transparency requirements
  • GRD of 11 January 2008 on transparency requirements
  • Law of 10 June 2009 on cross-border mergers
  • GRD of 10 June 2009 on the standard chart of accounts
  • GRD of 26 August 2009 on Insurance & reinsurance (1)
  • GRD of 26 August 2009 on Insurance & reinsurance (2)
  • Law of 10 November 2009 on payment services
  • Law of 18 December 2009 on the audit profession (consolidated version 11/2010)
  • GRD of 1 February 2010 on AML rules
  • GRD of 14 July 2010 on Subscription Tax exemption
  • Law of 27 October 2010 on AML
  • Law of 10 December 2010 relating to the introduction of International Accounting Standards
  • Law of 17 December 2010 on UCIs
  • CSSF Regulation 10-04 of 24 December 2010 on organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company
  • CSSF Regulation 10-05 of 24 December 2010 on certain provisions concerning fund mergers, master-feeder structures and notification procedure
  • Law of 28 April 2011 on financial services and credit institutions
  • Law of 24 May 2011 on rights of listed companies' stockholders
  • Law of 3 August 2011 on obligations in terms of reporting and documentation in case of mergers or demergers/divisions

You can find more information on these laws and regulation on www.legilux.lu, and www.digitalog.lu (you just have to register to access it).