The Grand-Ducal Regulation of 25 October 2024 (GDR) introduced new accounting thresholds in Luxembourg, aligning with Delegated Directive (EU) 2023/2775, which was adopted on 17 October 2023.
This measure aims to increase the accounting thresholds applicable to companies and groups in response to the inflation observed between 2013 (adoption of the 2013 EU Accounting Directive) and 2023, and to reduce administrative burdens for businesses.
For that purpose, the GDR amends the provisions of the Luxembourg law on commercial companies dated 10 August 1915 as amended and the Luxembourg law on the register of commerce and companies and accounting dated 19 December 2002 as amended.

On 27 June 2024, the Personal Information Protection Commission (PPC), Japan’s data protection authority, released the “Interim Report on Considerations for the Triennial Review of the Act on Protection of Personal Information” (“Interim Report”). The Interim Report summarizes discussions within the PPC on issues surrounding the Act on Protection of Personal Information (APPI) from November 2023 to June 2024. The Interim Report is in accordance with amendments made to the APPI in 2020 requiring the PPC to review the provisions of the APPI every three years.