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.
In the majority of cases, we are able to revert to you in less than 24 hours after submission of the updated draft base prospectus.
The base prospectus will be approved once all comments have been addressed and the final version has been received.
A base prospectus is valid for one year and securities may be issued and listed under the programme during this period. Base prospectus supplements prepared by the issuer will also be subject to review and approval.
The base prospectus contains a Form of Final Terms that will need to be completed with the terms of each series to be issued. The final terms (pricing supplement) will not be subject to review and approval.
In order to admit tranches to trading under a programme, the following files should be filed with LuxSE.
A copy of the Final Terms (pricing supplement)
Information about the legal entity assuming the payment of the listing and maintenance fee
First listing price (current market price)
Split of RegS - Rule 144A Notes (if applicable)
There is no need to complete a new application form to list tranches under a programme. A request for admission should be filed no later than noon on the day prior to scheduled listing.
Structured investment products are structured notes, warrants or certificates that are based on an underlying security, stock, commodity or other financial instrument, and are issued by a credit institution or affiliate.
Approval fee (if and as applicable)
(if and as applicable)
number of tranches3
Per tranche per year
From 1 to 500
From 501 to 1,000
Starting from 1,001
(2) Applicable only if the supplement includes an increase in the nominal amount
(3) Range applicable is based on the total number of new tranches (including fungibles) listed during the calendar year
For more details about fees, including fees for short term paper, 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 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.
The LuxSE Group is composed 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.