Welcome to the August 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

• Luxembourg proposes compartments for SCS/SCSp AIFs

Tax

• Subscription tax | End of the MyGuichet transition and new filing requirements

Corporate, M&A & Capital Markets

• LBR Circular 26/01 | UBO identification for companies held by trusts or foundations

Banking & Finance and Securitisation

• Bill 8813 | Protection of participants in funded sub-participation agreements
• Solvency II review | Bill 8796 starts the clock in Luxembourg

Regulatory & Compliance

• Circular CSSF 26/915 | DORA extended to third-country branches
• Law of 22 July 2026 | Fraud-alert mechanism and CASP reporting
• CRF strategic analysis | Misuse of crypto-assets in financial crime

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