NEWSFLASH – Luxembourg Capital Markets – Obligation to communicate identification number for all issuers listed on Luxembourg markets

Context:

Article 7 of the Commission Delegated Regulation (EU) 2016/437 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regards to regulatory technical standards on access to regulated information at Union level states that “Each OAM (ie “official appointed mechanisms” who are entities in charge of storage of regulated information) shall use legal entity identifiers (LEI) as the unique identifiers for all issuers.”

The Luxembourg stock exchange, mandated as the OAM under the Luxembourg act of 11 January 2008 on transparency requirements for issuers , announced that all Luxembourg based and foreign issuers listed on the regulated market or on the unregulated market (Euro MTF) of the Luxembourg Stock Exchange have the obligation to communicate their legal entity identifier code (the “LEI”) before 15 September 2017. As from that date, the transitional period during which issuers were allowed to use LEI identifiers but were not under the obligation to do so is terminated.

Issuers who have a valid LEI code should send these to the email address bolide@bourse.lu.
Issuers who do not have a LEI identifier should request their LEI by contacting the locally endorsed and accredited local unit operator. The appointed Luxembourg local unit operator is LuxCSD . Foreign issuers may find a list of appointed local unit operator on the website of the LEI regulatory oversight committee .

 

CONTACT

Basile Fémelat
femelat@mnks.com

Arnaud Joseph
joseph@mnks.com

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