The Luxembourg Stock Exchange updates its Rules and Regulations

On January 15 2020, the Luxembourg Stock Exchange published a new version of its rules and regulations which entered into force on January 31 2020 (the New Rules and Regulations). The New Rules and Regulations aim to reflect recent changes in the legal and regulatory framework introduced by the new law on prospectuses, as well as to take into account the feedback received by the Luxembourg Stock Exchange from market participants over the last few years. According to the Luxembourg Stock Exchange, the main objective of the New Rules and Regulations (besides the integration of mandatory legal changes) is to “provide [its] clients with greater clarity, increased transparency and improved usability”, which will also allow for faster turn-around times for submitted offering documents.

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