Any person (individual or legal entity) who has been involuntary deprived of a Luxembourg or foreign bearer security may request to place a stop on it. This will protect his/her rights over the security and its countervalue.
For each request for a stop you need to fill in and file a separate application form.
Declaration made directly at the registering institution.
For receiving stop notification declaration our office is open on the Luxembourg Stock Exchange working days:
Monday to Friday
9:00 – 12:00 am
35A Boulevard Joseph II
Non-resident opponents (individuals or legal entities)
If the opponent is not a Luxembourg resident, he or she has to indicate an address in Luxembourg. This can take the form of, for example, a private person’s domicile, a bailiff’s address, a bank’s service authorising the opponent to use the bank as his/her domicile.
A stop ends when the opponent regains possession of the security on which he has placed a stop. To do so, the opponent must fill in and sign the application form to terminate a stop, and send it by registered mail to the registering institution.
There should be no effect of a stop after:
a) Registration of a security in a securities account in Luxembourg; or
b) Sale of the security by the issuer or cancellation of the security in accordance with the law on dematerialised securities.
The liquidation body, the (central) account keeper or the issuer may request the registering institution to lift such a stop by confirming in writing the date of the occurrence of one of the events mentioned above.
If there was no application for the termination of a stop, a security on the list of stopped securities will be automatically forfeited after four calendar years. The four years are counted from the beginning of the calendar year following the year in which the publication of the stop took place.
As a result of the forfeiture, the applicant becomes entitled to either:
1. Exercise the rights attached to the security upon registration of the security in his/her/its name or on his/her/its securities account.
The Bourse Group is made up of the Luxembourg Stock Exchange (LuxSE) the leading listing venue for international securities and Fundsquare, its wholly-owned subsidiary specialized in delivering to the fund industry an efficient and standardized infrastructure for the exchange of information.