FischFayot assist and represent banks, funds, insurance and other businesses in their dealings with the local regulatory authorities:
- Application for a banking, insurance or business licenses;
- Extensions and transfer of licenses;
- Contacts with the local regulators;
- Capital adequacy and MiFID rules;
- Review and advice in drafting compliance documentation (including general and special terms and conditions);
- Compliance procedures, workflows and manuals (including staff training)
- Lending and taking of collateral;
- Professional secrecy rules;
- KYC and anti-money laundering;
- Outsourcing arrangements;
- Scope of banking activities (bank monopoly), LPS (free provision of services and passporting);
- Change of control issues;
- Payment services and e-money license and related advice;
- Banking Union implications: SSM, SRM, Bank Recovery and Resolution Directive (Living wills etc.)
FischFayot furthermore offer the following compliance services for financial markets activity:
- Advice in relation to the distribution of financial instruments;
- Compliance with public offering rules, solicitation, prospectus law;
- Review and drafting of financial services compliance documentation (including general and special terms of business; Compliance Manuals);
- Compliance procedures and workflows;
- Advice on the implication of the public takeover legislation, squeeze-out/force-out legislation.
- Advice on the Luxembourg law aspects of financial transactions (including derivatives, securities lending, repos)
- Advice on market abuse;
- Insider dealing;
- Market manipulation;
- Transaction reporting and disclosure;
- Luxembourg Stock Exchange
- Transparency law.
If you have an interest in any of this for your company or for one of your clients, please contact Franz Fayot or Laurent Fisch and ask for a free and non-binding fee estimate.