Inside Luxembourg’s equivalence for UK investment services
On the 04.12.21 at 7:48AM
Post-Brexit, Luxembourg has set up a national regime with the UK, now a third country, under which certain investment services can be provided to professional clients within the Grand Duchy. Asset News looks at the technical details of this ‘equivalence’ and its wider impact.
On the Christmas eve of 2020, Luxembourg’s regulator Commission de Surveillance du Secteur Financier (CSSF) announced its equivalence regime with the United Kingdom, applicable from 1 January 2020.