NPL Directive

The purpose of the NPL Directive Task Force is to ensure Luxembourg’s alignment with the new credit servicing and purchasing regulations under the Luxembourg law of 15 July 2024, which implements the EU’s NPL Directive.

The Luxembourg law of 15 July 2024 implementing Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit servicers and credit purchasers raises a number of cross-border queries and the need for an established and consistent market practice.

The NPL Directive Task Force is a dedicated team of experts from various legal and financial institutions and regulatory bodies, which has been tasked with developing and executing strategies to align Luxembourg’s regulations and procedures with the requirements of the NPL Law, as well as establishing a post-implementation market practice.