Deloitte has recently published a fully revised edition of its English language translation of the supervisory and related laws, implementing regulations and Circular Letters applicable to the insurance and pensions industries in the Grand Duchy of Luxembourg.
The revised edition 2006 takes into account the rapidly evolving legislative environment for these two important sectors of the financial services industry, with many of the most recent amendments having been initiated through transposition of various financial services Directives issued by the European Council and Parliament. Key elements of the updated version include Luxembourg’s implementation of the Insurance Mediation Directive, aimed at creating a single market for insurance intermediaries; the Second (and, to...
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