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Key changes and practical implications
By Laurent MASSINON, Partner Katerina CHALKA, Associate, Banking Restructuring, Herbert Smith Freehills Kramer Luxembourg SCS
On 30 April 2026, bill n. 8627 was passed by the Luxembourg Parliament transposing Directive (EU) 2024/1619 (CRD VI) into Luxembourg law (Law). The Law was published in the Journal officiel du Grand-Duché de Luxembourg on 6 May 2026 and entered into force on 10 May 2026.
The new regime introduces a harmonised framework for third-country undertakings (TCUs) providing core banking services in Luxembourg. The new regime applies to (i) deposit-taking and other repayable funds activities, and ...
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