Regulatory Alerts2020-06-29
Added · Updated
CSSF Regulation No 20-02 on the equivalence of certain third countries for investment services by third-country firms
The regulation establishes that Canada, the Swiss Confederation, the United States of America, Japan, Hong Kong, Singapore, the United Kingdom, the People's Republic of China, and Australia apply supervision and authorisation rules equivalent to those of the Law of 5 April 1993 on the financial sector. This equivalence allows firms with their central administration or registered office in these jurisdictions to provide investment services or perform investment activities in Luxembourg, subject to potential limitations on specific services listed in the Annex. The equivalence decision may be revoked if the conditions on which it was based are no longer met.
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