Beursrecht

World’s first Green Exchange launched in Luxembourg by the Luxembourg Stock Exchange
15/11/2016

On 27 September 2016, the newly introduced Luxembourg Green Exchange went live with its unique platform (the “LGX”) with 114 listed green bonds in 19 different currencies, 25 international issuers and a total amount raised of up to $45bn and that has itself been launched by the Luxembourg Stock Exchange (the “LuxSE”). This overview introduces the main aspects of the world’s first platform having listed green financial instruments based on the related frequently asked questions of the LuxSE. 

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Luxembourg Green Exchange: The Wolrd's Leading Exchange for Green Securities
20/10/2016

On September 29, 2016, Luxembourg Stock Exchange (LuxSE) introduced the world’s first exchange that will trade nothing but green securities, the Luxembourg Green Exchange (LGX). LGX intends to act as a gatekeeper for green bonds and other environmentally focused financial instruments by bringing them together with investors looking for diversification and ecologically sensitive placements. 
 

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Market abuse - Luxembourg Stock Exchange FAQs
12/10/2016

In August 2016, the Luxembourg Stock Exchange (“LuxSE”) published frequently asked questions (the “FAQs”) in light of the entry into force of Regulation (EU) No 596/2014 of April 16th 2014 on market abuse (the “Market Abuse Regulation”) which is directly applicable in Luxembourg.

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Legal Entity Identifiers (LEI) Code
07/10/2016

On 28 September 2016, the Luxembourg Stock Exchange as operator of the Luxembourg officially appointed mechanism (“OAM”) announced that from 1 January 2017 it will accept legal entity identifiers (“LEI”) as the exclusive identifiers for issuers. This announcement was made following the publication of the Commission Delegated Regulation (EU) 2016/1437 of 19 May 2016 supplementing Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market, as amended (the “Transparency Directive”).

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Luxembourg Green Exchange
04/10/2016

Green bonds are debt instruments that have been issued to fund new and existing projects that have environmentally sustainable benefits.

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Luxembourg Stock Exchange - Amended Rules and Regulations
29/02/2016

On January 1st 2016, amendments to the rules and regulations of the Luxembourg Stock Exchange (the “Rules”) entered into force.

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Proposal for a New Regulation Repealing the Prospectus Directive
15/12/2015

On 30 November 2015, the European Commission published a proposal to replace the existing Prospectus Directive (Directive 2003/71/EC) with a regulation. The proposal for the new Prospectus Regulation forms part of the European Commission's plan to establish a Capital Markets Union by 2019. The proposed regulation covers the entire life-cycle of companies, from the start-up stage until maturity as frequent issuers on regulated markets, while striking a balance between eliminating unnecessary administrative burdens for issuers and ensuring investor protection through the provision of adequate information. According to the Commissioner for Capital Markets Union Jonathan Hill, the proposed Prospectus Regulation "will make the system simpler, cheaper and quicker".

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CENTRAL SECURITIES DEPOSITORIES REGULATION
16/12/2014

Regulation (EU) 909/2014 on improving securities settlement in the European Union and on central securities depositories ("CSD Regulation") was published in the Official Journal of the European Union on 28 August 2014.

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Publication of supplements to the prospectus
01/09/2014

The Law dated 10 July 2005 on the prospectuses for securities (the “Law”), implementing the Directive Prospectus of 2003/71/EC (as amended by Directive 2010/73/EC) requires every significant new factor, material mistake or inaccuracy relating to the information included in the prospectus which is capable of affecting the assessment of the securities and which arises or is noted between the time when the prospectus is approved and the final closing of the offer to the public or, as the case may be, the time when trading on a regulated markets begins, whichever occurs later, to be mentioned and published in a supplement to the prospectus. 

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Why obtain a listing on the Luxembourg Stock Exchange?
19/08/2014

Laurent Schummer, Partner at Arendt & Medernach, and head of the firm's corporate, tax & capital markets business unit outlines the advantages of listing in Luxembourg in an exclusive video interview with LFF.

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