Displaying funds on LGX

Displaying funds on LGX

Funds classified as Article 8 or 9 in line with the Sustainable Finance Disclosure Regulation (SFDR) or equivalent are automatically eligible to be displayed on LGX. No additional fee or specific form is required on your side - the LGX team will find the relevant information in the documentation that you provided for the listing.

Eligibility criteria

  • To be admitted for display on the LGX platform, the fund must be registered or listed on LuxSE, as per the following three options:

    • Simple registration on the Securities Official List (SOL)

     

     
    • One of the two LuxSE markets: the EU-regulated Bourse de Luxembourg (BdL) market or the exchange-regulated Euro MTF
  • Funds are automatically categorised as “ESG fund” (article 8) or “Impact fund” (article 9) in line with market developments. Categorisation is based on the standardised definitions laid out in the Sustainable Finance Disclosure Regulation (SFDR). 

    An ESG fund (Article 8 fund) is a fund that “promotes, among other characteristics, environmental or social characteristics, or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.”

    An Impact fund (Article 9 fund) is a fund that “has sustainable investment” or “reduction in carbon emissions as its objective”.

  • SFDR is based on the concept of double materiality recognising that financial market participants and financial advisers should be required to disclose specific information regarding their approaches to the integration of sustainability risks (financial materiality) and the consideration of adverse sustainability impacts (environmental and social materiality). ​

    SFDR aims to reduce information asymmetries in principal‐agent relationships with regard to the integration of sustainability risks, the consideration of adverse sustainability impacts, the promotion of environmental or social characteristics, and sustainable investment by requiring financial market participants and financial advisers to disclose pre‐contractual and ongoing disclosures to end investors when they act as agents of those end investors (principals).​

    ​Source: SFDR

    ​Do you have SFDR disclosures you’d like to send to the LGX Team? Please contact LGX@bourse.lu​.

  • LGX funds are expected to fully comply with the product-level reporting required by SFDR or equivalent.

    SFDR requires both entity and product level disclosures. For more information please refer to SFDR.

    LuxSE reserves the right to withdraw a security from LGX if it does not abide by SFDR requirements.​