The European investment funds market continues to be one of the fastest-growing segments within the financial sector. At Leroy & Goldbach, we closely monitor developments in this dynamic environment to ensure our clients remain ahead of regulatory, tax and structuring trends.​

With Fund Flow – our monthly update covering the industry-relevant updates, we provide curated insights on recent key legal, tax and regulatory developments in Luxembourg and the EU that may affect your business.​

We hope you enjoy this edition of Fund Flow covering April 2026 updates. If you would like to discuss any topic, seek assistance or wish for a tailor-made training for your team, feel free to reach out to our Partners.

In the Fund Flow April 2026 Edition we update you on:

Investment Funds & Asset Management‍

• AIFMD II & UCITS VI ENTER INTO FORCE IN LUXEMBOURG
• CSSF CONTINUES LIQUIDITY MANAGEMENT TOOLS ROLL-OUT
• CSSF EDESK | FUND MANAGERS PASSPORT NOTIFICATION MODULE GOES LIVE

Tax

• LUXEMBOURG ISSUES TRANSFER PRICING CIRCULAR ON OECD PILLAR ONE AMOUNT B
• LUXEMBOURG CASE LAW CLARIFIES SHARE PREMIUM REIMBURSEMENT TREATMENT
• LUXEMBOURG IMPLEMENTS DAC8 | CRYPTO-ASSET REPORTING

Corporate, M&A & Capital Markets

• EU Publishes New Insolvency Directive (EU) 2026/799
• ​Deferred Payment of Minimum Share Capital on SARLS

Banking & Finance

• MICA TRANSITIONAL PERIOD ENDS ON 1 JULY 2026
• CSSF CIRCULAR 26/909 | MICA KNOWLEDGE AND COMPETENCE REQUIREMENTS