LINARI LAW
The Luxembourg progressive pension scheme
As of 1 January 2026, Luxembourg has introduced a progressive pension scheme allowing employees nearing retirement to gradually reduce their working time while receiving partial pension benefits. Access to the scheme requires employer consent and compliance with specific eligibility conditions, including a minimum reduction of working hours and entitlement to…
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Luxembourg Parliament Adopts Bill No. 8628 Implementing AIFMD II
Luxembourg Parliament has adopted Bill No. 8628, transposing EU Directive 2024/927 (AIFMD II) into national law, effective 16 April 2026. The update allows AIFs to originate loans, strengthens liquidity management, and tightens delegation and transparency requirements for AIFMs. It also improves cross-border marketing, supervisory cooperation, and introduces a depository passport…
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Luxembourg 2026: Regulatory Acceleration, a business opportunity
Luxembourg’s 2026 regulatory landscape is accelerating, driven by Pillar Two, AIFMD II, ELTIF 2.0, MiCA and company law reform. The shift reflects a broader EU move toward governance-driven supervision, increased transparency and substance requirements. For multinational groups and fund structures, this means minimum tax monitoring, enhanced reporting and stronger board…
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CSSF Circular 25/901: reinforced guidance for Luxembourg funds — and a benchmark for RAIFs
CSSF Circular 25/901, effective 19 December 2025, consolidates and updates prudential guidance for SIFs, SICARs and Part II UCIs in Luxembourg. It introduces clearer standards on risk-spreading, borrowing limits, ramp-up periods and look-through requirements, aligned with investor profiles. Although RAIFs are not directly in scope, the Circular is expected to…
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CARRIED INTEREST OVERHAUL (Luxembourg)
Luxembourg has introduced a new carried interest regime effective 1 January 2026, providing clarity and preferential taxation for fund managers. Contractual carried interest is taxed at a reduced rate, while equity-linked carry can be fully exempt under certain conditions. Eligibility extends to employees, directors, partners, and advisors, with deal-by-deal carry…
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