Regulatory Alerts2008-01-11
Added · Updated
Grand-ducal Regulation of 11 January 2008 on transparency requirements for issuers of securities
The regulation establishes detailed rules for transparency requirements for issuers of securities, including minimum content standards for half-yearly financial statements and disclosure obligations for major related party transactions. It defines the maximum length of the short settlement cycle as three trading days and sets notification procedures for market makers seeking exemptions. The text specifies conditions for aggregating holdings, independence requirements for management companies, and notification timelines for major holdings and financial instruments. It also outlines equivalence conditions for third-country issuers regarding annual and interim reports, consolidated accounts, and own shares.
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