Compliance and Regulatory

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.