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By Laurent MASSINON, Partner Christina NICKEL, Senior Associate DLA Piper Luxembourg
The Luxembourg Chamber of Deputies voted on 21 January 2021 in favour of the draft law 7637 (“Law”) amending the law of 6 April 2013 on dematerialised securities (“Dematerialised Securities Law”) and the law of 5 April 1993 on the financial sector, as amended (“Financial Sector Law”). The Law was published yesterday in the Mémorial.
Further to the draft law 7363 as passed on 14 February 2019 amending the law of 1 August 2001 on the circulation of securities, as amended (“2001 Law”) and through which Luxembourg demonstrated its innovative approach by recognising distributed ledger technology in its securities law framework (as further detailed in our
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