A very fast and secure listing process, as well as a stable public finance and tax environment and a strong regulatory framework, make Luxembourg a popular place for listing. Furthermore, the Luxembourg Stock Exchange offers the broadest range of securities listed in Europe, including bonds, investment funds, Global Depositary Receipts, warrants, certificates and shares.
The Luxembourg Stock Exchange operates two markets: the Bourse de Luxembourg and the Euro MTF.
The Bourse the Luxembourg Market exists since 1928 and is regulated by the "Commission de Surveillance du Secteur Financier" (CSSF) and European Union directives such as the Transparency Directive, the Prospectus Directive and the Market Abuse Directive. Products listed on this market are being granted a European Passport for the admission to trading of the securities in other member states of the European Union.
The Euro MTF Market is a Multilateral Trading Facility (MTF) as defined in the Markets in Financial Instruments Directive (MiFID) and was created in 2005. It is not subject to any regulations of the European Union and therefore, products listed on it are not profiting from a European passport. Only the rules and regulations of the Luxembourg Stock Exchange apply. However, the market is under the prudential supervision of the CSSF.
Having worked closely with the Luxembourg Stock Exchange for the past 12 years, PwC has a unique experience in supporting its clients in the process of listing their products. Our services supporting you along the listing process include:
Benjamin Gauthier
Advisory Partner, Risk & Compliance and Managed Services Leader, PwC Luxembourg
Tel: +352 49 48 48 4137