The purpose of the present information is to help issuers of securities to avoid delays and costs by providing certainty over the factual application of the Rules & Regulations (“R&R”) of the Luxembourg Stock Exchange (“LuxSE”) which lay down the requirements in terms of approval of prospectuses and the listing process on its multilateral trading facility (“Euro MTF” Market).

  • The Euro MTF was launched in 2005 and is an alternative, exchange regulated market which offers a full listing and has multiple benefits for issuers, among which:

    • less stringent disclosure requirements;
    • flexibility for information to be inserted either in the Base prospectus or in the form of Final Terms;
    • acceptance of financial reporting in line with local GAAP;
    • lighter transparency and ongoing disclosure obligations (Transparency Directive does not apply);
    • fast listing process assured by LuxSE's professional teams.

    LuxSE is the competent authority for the approval of prospectuses for the sake of listing securities on the Euro MTF, in accordance with Part IV of the Luxembourg law dated 10 July 2005 on prospectuses for securities, as amended (referred to as the “Prospectus Law”).

    LuxSE operates two (2) markets, the exchange regulated Euro MTF and the EU regulated market (the “Bourse de Luxembourg” market).

    The "Bourse de Luxembourg" market is a regulated market as defined in the directive 2014/65/EU on markets in financial instruments. European Union directives, such as the Transparency Directive, the Prospectus Directive and the Market Abuse Directive are applicable.

Attention should be paid to the fact that the FAQ - Euro MTF relates to matters inherent to the R&R and not to the regulated market, the Prospectus Law or the Prospectus Directive.

Any questions regarding the guidance provided below or regarding any of the provisions set out in the R&R may be sent to the following e-mail address: bolide@bourse.lu

l. Practical questions

ll. Approval: Questions & Answers