{"id":"dossiers/PL8590","title":"PL8590 — Carried interest","type":"dossier","html":"

Bill 8590 (\"Carried interest\"). The Chamber debated and voted it on 22 January 2026.

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Sittings: Sitting of 22 January 2026

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Debate

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22 January 2026 — The financial centre and financial regulation

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Extended questions 65 by André Bauler and 67 by Laurent Mosar on the transfer of supervisory powers to ESMA and on the Capital Markets Union, answered together by the Finance Minister, followed by bill 8590 on managers of alternative investment funds, presented as a competitiveness measure for the fund industry and adopted.

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André Bauler (DP), asking the Finance Minister how the government rates the risk that moving supervision to ESMA weakens the fund industry:

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Wéi bewäert d’Regierung de Risiko, datt eng Verlagerung vun Opsiichskompetenze bei d’ESMA d’Wettbewerbsfäegkeet vun eiser Fongenindustrie schwäche kéint, besonnesch am Verglach mat der grousser Geschwindegkeet an der Proximitéit, mat där d’CSSF haut Entscheedungen hëlt an international Acteuren ënnerstëtzt?

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How does the government assess the risk that a transfer of supervisory powers to ESMA could weaken the competitiveness of our fund industry, especially compared with the speed and closeness with which the CSSF takes decisions today and supports international players?

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Sitting of 22 January 2026, André Bauler, DP

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Laurent Mosar (CSV), criticising the plan for a central supervisor based in Paris as bureaucracy rather than simplification:

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Ech gesinn net, wou d’Simplification administrative ass, wa mer herno eng zentral Opsiicht kreéieren, déi dann en plus nach zu Paräis sëtzt – mir wëssen, Paräis ass en direkte Konkurrent vu Lëtzebuerg –, wou et awer riskéiert, zu engem Bürokratiemonster ze kommen.

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I do not see where the administrative simplification is if we then create a central supervisor which on top of that sits in Paris, and we know Paris is a direct competitor of Luxembourg, where it risks becoming a bureaucratic monster.

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Sitting of 22 January 2026, Laurent Mosar, CSV

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Gilles Roth, Ministre des Finances, stating the government's position that the Commission package misses its goal:

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Här President, dëse Pak ass an eisen Aen net zilféierend, net fir Europa an och net fir Lëtzebuerg.

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Mr President, in our view this package does not achieve its aim, neither for Europe nor for Luxembourg.

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Sitting of 22 January 2026, Gilles Roth

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Votes

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Main vote: PL 8590 - Carried interest

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22 January 2026 — Premier vote constitutionnel.

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PartyForAgainstAbstain
CSV2100
DP1400
LSAP0120
ADR500
déi gréng040
Piraten020
déi Lénk020
Total40200
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Party splits: CSV, DP, ADR voted for; LSAP, déi gréng, Piraten, déi Lénk voted against.

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Other votes on this bill

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2 further votes, one row each. The party columns show how many deputies voted each way.

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VoteDateForAgainstAbstainParties against or abstaining
MO 1 - PL 859022 January 20265406déi gréng, déi Lénk abstained
MO 2 - PL 859022 January 202620355CSV, DP against; ADR abstained
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No deputy voted against the majority of their party in any of these votes.

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