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This communication follows up on previous communications issued by the Commission de Surveillance du Secteur Financier in the context of Brexit and notably press releases 19/05, 19/18, 19/33, 19/34, 19/41, 19/43, 19/48 and 19/54 regarding the transitional regime under the laws of 8 April 2019 on Brexit (the “Brexit Laws”), as well as the mandatory notifications through the eDesk portals.
The purpose of the transitional regime under the Brexit Laws was to ensure that UK entities providing financial services in Luxembourg under the EU passport would be able to continue their activities for a limited period in the event of the UK leaving the EU without concluding a withdrawal agreement based on Article 50(2) of the Treaty on European Union (“hard Brexit”). Following the...
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