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 The Arendt Weekly Update is a newsletter designed to give you the insight you need without overloading your mailbox. It lists the latest news, topical webinars, training courses and more.

NEWSFLASHES

EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed 

In a press release issued on 6 October 2020, the Council of the EU announced its decision to make changes to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”). Click here to read the full Newsflash

Exchange of information in tax matters upon request: relevant CJEU decision 

On 6 October 2020, the Court of Justice of the European Union (CJEU) rendered its judgement in Joined Cases C-245/19 Luxembourg State v B and C-246/19 Luxembourg State v B and Others in the context of the exchange of information in tax matters. Click here to read the full Newsflash

Securities Financing Transactions Regulation (SFTR) phase 3 to start 

Regulation (EU) 2015/2365 on transparency of securities financing transactions and of reuse, also known as the Securities Financing Transactions Regulation (SFTR), was adopted by the European legislator on 25 November 2015 and applies as from 12 January 2016 to securities financing transactions (SFTs) as well as to total return swaps. Click here to read the full Newsflash

Beneficial owner information: CJEU asked for preliminary ruling affecting justifications to temporarily restrict public access 

In a pending case against Luxemburg Business Registers, the Luxembourg District Court submitted a referral to the Court of Justice of the European Union (CJEU) requesting a preliminary ruling on the concept of ‘exceptional circumstances’ as set out in Article 30(9) of Directive (EU) 2015/849, as amended by Directive (EU) 2018/843. Click here to read the full Newsflash