The Luxembourg Chamber of Commerce has paved the way for progress with their recent opinions, and now, the much-anticipated Bill of Law N°8185 regarding the transfer of non-performing loans is on the verge of adoption…
The imminent arrival of a new regulation in Luxembourg will impact third-country undertakings (TCUs) providing core banking services, signaling an upcoming shift in the regulatory landscape for these entities…
A new EU regulation 2024/886 will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries…
On 7 February 2024, the European Parliament adopted the directive amending the AIFM and UCITS Directives…
The AI Act, proposed by the European Commission (COM 2021/0206) has been approved by the European Parliament on March 13, 2024. It is a legislative framework aiming to regulate the ethical use of artificial intelligence (the “AI”) within the European Union (the “EU”), addressing challenges and promoting responsible innovation.
March 13, 2024 is a historic turning point in the evolution of artificial intelligence (the “AI”). Indeed, the European Parliament has just approved the AI Act, the world’s first major set of regulatory ground rules to govern the AI.
