Immobilisation Of Bearer Shares: Update Of The Cssf Faq On The Law Of 28 July 2014 Regarding Immobilisation Of Bearer Shares …

On 6 May 2015, the CSSF updated its Frequently Asked Questions in relation to investment funds established in Luxembourg concerning the 2014 Law, to reflect the expiry of the transitional deadlines (on 18 February 2015) regarding the suspension of voting rights attached to bearer shares but more importantly to remove references (see Question 9) to the requirements for investment funds to update their prospectus to disclose the implication for shareholders and the deadlines of the 2014 Law. Thus, the CSSF no longer requires investment funds to insert this information in their prospectus.

See also the article on the immobilisation of bearer shares and units published in the Corporate section of our newsletter.