Welcome to the May 2026 edition of Fund Flow, Leroy & Goldbach's monthly newsletter providing curated insights on recent legal, tax and regulatory developments in Luxembourg and the EU that may affect your business.

In this edition:

Investment Funds & Asset Management

• ESMA Common Supervisory Action on MiFID II sustainability aspects
• CSSF Newsletter No. 304 | AML/CFT, fraud prevention and supervisory priorities
• ESMA final report on the integrated collection of funds' data
• Circular CSSF 26/912 | Repeal of Circular IML 91/75
• SFDR 2.0 | ECON Committee publishes proposed amendments

Tax

• CJEU revisits VAT treatment of transfer pricing adjustments

Corporate, M&A & Capital Markets

• SARL reform | Deferred payment of minimum share capital

Banking & Finance and Securitisation

• CRD VI now implemented in Luxembourg

To discuss any topic, seek assistance or request a tailor-made training for your team, please reach out to our Partners.

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