You are here:
16 January 2020 / news

The LuxSE updates its Rules & Regulations

The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients.

pencil, coins and building on green and blue background - Rules & Regulations of the LuxSE

The Rules & Regulations of the LuxSE (the R&R) have been updated in January 2020 to take into account both recent legal and regulatory developments (i.e. inter alia, the EU Prospectus Regulation and the law of 16/07/2019 on prospectuses for securities – the Prospectus Law) and feedback received over the last years from issuers and counterparts of the LuxSE.

Concerning the Regulated Market of the LuxSE, the new R&R introduce an appendix for alleviated prospectuses for admission to trading on the regulated market of securities not covered by the EU Prospectus Regulation (Part III, Chapter 2 of the Prospectus Law).

However, the main and most important changes introduced by the new R&R relate to prospectus requirements for the admission of securities on the Euro MTF, as highlighted below:

  • introduction of clearly structured building blocks in the form of appendices for both issuers and securities across all asset classes, as well as guidelines on how to combine them;
  • lighter requirements for listed entities and convertible debt;
  • new single schedule for derivative securities;
  • broader scope of prospectus exemptions;
  • creation of a single prospectus regime for the admission to trading to the Euro MTF (based on the requirements of the wholesale regime).

The new R&R replace the version dated 11/2018 and will enter into force on 31/01/2020.

For more information, please consult the relevant page on the LuxSE’s website.



EC published its long-waited Q&A clarifying the scope of SFDR disclosures for AIFMs

EC Q&A on the scope of SFDR disclosures for AIFMs

the EC clarified that both non-EU AIFMs and sub-threshold AIFMs must ensure compliance with the disclosure obligations of the SFDR. read more
Coronavirus - Belgian measures for businesses

Coronavirus | Belgian measures for businesses

Since 3 March 2020 different authorities (EU, national, local) took measures in Belgium to reduce the spreading of the COVID-19 virus. In order to overcome the... read more
Loyens & Loeff team successfully advised the Pierre & Vacances group in its restructuring

Loyens & Loeff team advised the Pierre & Vacances group

On 24 June 2021, the restructuring of the Pierre & Vacances group was completed. read more
Stay informed

Don't miss out. Stay up to date about our latest news and events.

Stay informed