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By Dr. Sebastiaan Niels HOOGHIEMSTRA* and Benjamin SCHAUB**
On 24 July 2024, the Luxembourg Ministry of Finance submitted a bill of law to the Luxembourg Parliament (the “Blockchain IV Law”) that proposes amendments to the law of 6 April 2013 on dematerialized securities (the “2013 Law”) that further strenghtnens the use of distributed ledger technology (“DLT”) for dematerialized securities. This contribution provides an overview of the key aspects of the proposed changes and analyzes the (potential) impact on Luxembourg investment funds.
Background: From the Blockchain Law I to the Blockchain III Law
The Law of 1 March 2019 (the “Blockchain Law I”) amended the Law of 1 August 2001 on the circulation of...
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