3. Quarter 2014

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The Single Supervisory Mechanism – Next step towards the Banking Union Latest updates and developments in investment management CSSF Circular 14/592: Implementation of revised ESMA’s guidelines on ETFs and other UCITS issues Law dated 16 July 2014 on the immobilisation of shares and corporate units issued in bearer form and on the maintaining of the register of shareholders and of the register of bearer shares The Luxembourg freeport – how it works