Listing an investment fund/ETF on the Euro MTF

It is not mandatory to appoint a listing agent to list at LuxSE; you can submit applications directly with us. However, you may choose to appoint a listing agent to submit requests on your behalf.

Our listing members can act as a listing agent for you.

In order to list on the Euro MTF, an investment fund must fulfil, among other things, the following criteria:

• The share class must be active and have a Net Asset Value
• Investment funds are eligible for clearing and settlement
• Shares/units of investment funds are freely transferable

See Part 1, Chapters 6 and 7 of the Rules and Regulations for full details of our listing requirements.
 

Approval process
 LuxSE is responsible for approving prospectuses for closed-ended and foreign open-ended UCIs not being distributed in Luxembourg.

Open- and closed-ended UCIs accepted by the CSSF for distribution in Luxembourg are exempt from approval by LuxSE.

File prospectus
To begin the listing process, complete the following documents and send them to bolide@bourse.lu:

• A copy of your prospectus
• Application form
• Undertaking letter
• Articles of association or Management Regulations
• Existing agreements/conventions
• The last three annual financial reports (if published)

Prospectus review
A first set of comments on a complete draft prospectus will be sent to you within a maximum period of three business days from the date of receipt of the filed application.

Additional comments following submission of an updated draft prospectus will be provided within a maximum of two business days after submission.

Final submission
Listing can take place once the prospectus is clear of comments and after receipt of the following:

• Final version of the prospectus
• First listing price (current NAV)

The fee structure covers Luxembourg and EU undertakings for collective investment (UCIs) and non-EU UCIs.

All fees are priced in euros.

• Luxembourg and/or EU-domiciled UCIs

  + -

  Approval fee (if and as applicable)	Per prospectus
  		1,250
  Listing fee	Per application
  		1,250

  Maintenance fee	Quotation line	Per year
  		1st line	1,875
  		2nd line	1,250
  		3rd line	875
  		4th line	500
  		Subsequent line	500

• UCIs domiciled outside of the EU

  + -

  Approval fee (if and as applicable)	Per prospectus
  		2,500
  Listing fee	Per application
  		2,500

  Maintenance fee	Quotation line	Per year
  		1st line	2,500
  		2nd line	1,875
  		3rd line	1,250
  		4th line	625
  		Subsequent line	625

The fee structure for equities applies to closed-ended UCI.

For more details about fees, see our listing fees booklet.

After listing and admission to trading, issuers must fulfil specific reporting obligations. For example, issuers must file information and scheduled corporate events with LuxSE. Details are contained in Chapters 9 and 10 of LuxSE’s Rules & Regulations.

Issuers listed on the Euro MTF market can take advantage of LuxSE’s FIRST, an integrated tool that enables issuers to publish and disseminate information. By using FIRST, you will fully comply with all regulatory reporting obligations.

In the context of MiFID II / MiFIR and MAR, the LuxSE is obliged to collect a ‘Legal Entity Identifier’ or ‘LEI’ code from any issuer operating on its regulated market (Bourse de Luxembourg) and on its Multilateral Trading Facility (Euro MTF) and communicate it to the relevant supervisory authorities.

You can apply for and renew an LEI code directly via LuxSE.