Technical Specifications for Prospectus Document Submission and Regulatory Framework Overview

Circular CSSF 19/724 as amended by Circulars CSSF 21/766 and CSSF 24/867 1/22 Circular CSSF 19/724 as amended by Circulars CSSF 21/766 and CSSF 24/867 ON TECHNICAL SPECIFICATIONS REGARDING THE SUBMISSION OF DOCUMENTS TO THE CSSF UNDER REGULATION (EU) 2017/1129 AND THE LAW OF 16 JULY 2019 ON PROSPECTUSES FOR SECURITIES AND PRESENTATION OF THE REGULATORY FRAMEWORK GOVERNING PROSPECTUSES

Circular CSSF 19/724 as amended by Circulars CSSF 21/766 and CSSF 24/867 2/22 Circular CSSF 19/724 as amended by Circulars CSSF 21/766 and CSSF 24/867 Re: Technical specifications regarding the submission of documents to the CSSF under Regulation (EU) 2017/1129 and the Law of 16 July 2019 on prospectuses for securities and presentation of the regulatory framework governing prospectuses Ladies and Gentlemen, Prospectus Regulation (EU) 2017/11291, which is directly applicable in all Member States, establishes the framework for the drawing up, approval and distribution of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market situated or operating within a Member State. The Prospectus Law 2 implements certain provisions of Prospectus Regulation (EU) 2017/1129 and provides for other requirements covering the national prospectus regime. The first part of this circular presents the regulatory framework governing prospectuses and the CSSF’s competences and missions in this context. The second part of this circular details the technical procedures governing the submission of documents to the CSSF for the purpose of approval, notification or filing in the context of offers of securities to the public and admissions of securities to trading on a regulated market. The CSSF would like to stress that Delegated Regulation (EU) 2019/980 3 provides for additional provisions that supplement the ones covered by this circular. This circular repeals Circular CSSF 12/539, as amended by Circulars CSSF 15/632 and 16/635. 1 Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC 2Law of 16 July 2019 on prospectuses for securities 3 Commission Delegated Regulation (EU) 2019/980 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No 809/2004 Luxembourg, le 19 July 2019 To all the persons and undertakings supervised by the CSSF, as well as all the persons subject to Regulation (EU) 2017/1129 and Chapter 1 of Part III of the Law of 16 July 2019 on prospectuses for securities