{"id":"dossiers/PL8567","title":"PL8567 — Directive ESAP","type":"dossier","html":"<p>Bill 8567 (\"Directive ESAP\"). The Chamber debated and voted it on 19 March 2026.</p>\n<p>Sittings: <a href=\"/lhoft?page=seances%2F2026-03-19-n135\" class=\"wikiLink\" data-target=\"seances/2026-03-19-n135\">Sitting of 19 March 2026</a></p>\n<h2>Debate</h2>\n<h3>19 March 2026 — <a href=\"/lhoft?page=topics%2Ffinancial-centre\" class=\"wikiLink\" data-target=\"topics/financial-centre\">The financial centre and financial regulation</a></h3>\n<p>The Chamber debated and adopted bill 8567, which sets up the European Single Access Point (ESAP) and adapts 18 national financial-sector laws.</p>\n<p>Diane Adehm (CSV), presenting the purpose of the ESAP package as rapporteur:</p>\n<blockquote>\n<p>D’Zil vum ESAP ass et, d’Transparenz um Marché ze verbesseren, d’Vertraue vun den Investisseuren ze stäerken an den Entreprisë méi Visibilitéit ze ginn.</p>\n</blockquote>\n<p><em>The aim of the ESAP is to improve transparency on the market, strengthen the confidence of investors and give companies more visibility.</em></p>\n<p><a href=\"/lhoft?page=seances%2F2026-03-19-n135\" class=\"wikiLink\" data-target=\"seances/2026-03-19-n135\">Sitting of 19 March 2026</a>, <a href=\"/lhoft?page=deputies%2Fdiane-adehm\" class=\"wikiLink\" data-target=\"deputies/diane-adehm\">Diane Adehm</a>, CSV</p>\n<p>Guy Arendt (DP), giving his group's agreement to the bill:</p>\n<blockquote>\n<p>Bei dësem Gesetzesprojet begréisse mer, dass d’Informatiounsasymmetrie op europäeschem Niveau reduzéiert gëtt, dass d’Investisseuren e besseren Zougang zu den Informatioune kréien an dass d’Kapitalmäert méi staark ginn.</p>\n</blockquote>\n<p><em>With this bill we welcome that the information asymmetry at European level is reduced, that investors get better access to information and that the capital markets become stronger.</em></p>\n<p><a href=\"/lhoft?page=seances%2F2026-03-19-n135\" class=\"wikiLink\" data-target=\"seances/2026-03-19-n135\">Sitting of 19 March 2026</a>, <a href=\"/lhoft?page=deputies%2Fguy-arendt\" class=\"wikiLink\" data-target=\"deputies/guy-arendt\">Guy Arendt</a>, DP</p>\n<p>Franz Fayot (LSAP), asking for investor protection in the savings and investment union while backing the bill:</p>\n<blockquote>\n<p>An ech mengen, dass een do muss e Mëttelwee fannen, wou een dat engersäits ëmsetzt, awer trotzdeem à l’européenne, mat deem néidege Schutz fir d’Investisseuren, wou een am Fong awer wierklech e Kapitalmaart à l’americaine evitéiert.</p>\n</blockquote>\n<p><em>And I think a middle way has to be found there, where you implement this on the one hand, but still in a European way, with the necessary protection for investors, where you really avoid an American-style capital market.</em></p>\n<p><a href=\"/lhoft?page=seances%2F2026-03-19-n135\" class=\"wikiLink\" data-target=\"seances/2026-03-19-n135\">Sitting of 19 March 2026</a>, <a href=\"/lhoft?page=deputies%2Ffranz-fayot\" class=\"wikiLink\" data-target=\"deputies/franz-fayot\">Franz Fayot</a>, LSAP</p>\n<h2>Votes</h2>\n<h3>Main vote: PL 8567 - Directive ESAP</h3>\n<p>19 March 2026 — Premier vote constitutionnel.</p>\n<table><thead><tr><th>Party</th><th style=\"text-align: right;\">For</th><th style=\"text-align: right;\">Against</th><th style=\"text-align: right;\">Abstain</th></tr></thead><tbody><tr><td><a href=\"/lhoft?page=parties%2Fcsv\" class=\"wikiLink\" data-target=\"parties/csv\">CSV</a></td><td style=\"text-align: right;\">21</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Fdp\" class=\"wikiLink\" data-target=\"parties/dp\">DP</a></td><td style=\"text-align: right;\">14</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Flsap\" class=\"wikiLink\" data-target=\"parties/lsap\">LSAP</a></td><td style=\"text-align: right;\">12</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Fadr\" class=\"wikiLink\" data-target=\"parties/adr\">ADR</a></td><td style=\"text-align: right;\">5</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Fdei-greng\" class=\"wikiLink\" data-target=\"parties/dei-greng\">déi gréng</a></td><td style=\"text-align: right;\">4</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Fpiraten\" class=\"wikiLink\" data-target=\"parties/piraten\">Piraten</a></td><td style=\"text-align: right;\">2</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><a href=\"/lhoft?page=parties%2Fdei-lenk\" class=\"wikiLink\" data-target=\"parties/dei-lenk\">déi Lénk</a></td><td style=\"text-align: right;\">2</td><td style=\"text-align: right;\">0</td><td style=\"text-align: right;\">0</td></tr><tr><td><strong>Total</strong></td><td style=\"text-align: right;\"><strong>60</strong></td><td style=\"text-align: right;\"><strong>0</strong></td><td style=\"text-align: right;\"><strong>0</strong></td></tr></tbody></table>\n<p>No deputy voted against the majority of their party in this vote.</p>"}