Circular CSSF 21/766 is a CSSF circular, published 26 February 2021. Subject: Update of Circular CSSF 19/724 on technical specifications regarding the submission to the CSSF of documents under Regulation (EU) 2017/1129 and the Law of 16 July 2019 on prospectuses for securities and general overview of the regulatory framework on prospectuses.
\nLegal basis: Law of 16 July 2019 on prospectuses for securities.
\nMain topic: Prospectus. Keywords: Securities prospectus.
\nAmends Circular CSSF 19/724.
\nREGULATION (EU) 2017/1129 AND THE LAW OF 16 JULY 2019 ON PROSPECTUSES FOR SECURITIES AND PRESENTATION OF THE REGULATORY FRAMEWORK GOVERNING PROSPECTUSES
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nCircular CSSF 21/766 Re: Update of Circular CSSF 19/724 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
\nLuxembourg, 26 February 2021 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
\nLadies and Gentlemen, 1. This circular amends Circular CSSF 19/724, as from 1 March 2021, by taking into consideration the launch of the new application, e-Prospectus, which causes changes to the technical specifications regarding 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. 2. Circular CSSF 19/724 is amended in accordance with Annex 1 of this circular. The annex in question includes the changes brought by this circular to Circular CSSF 19/724 in “tracked changes” in order to make the reading and comprehension easier. For your convenience, the “clean” version is included in Annex 2. Yours faithfully,
\nFrançoise KAUTHEN
\nClaude MARX
\nAnnex 1: “Track changes” version of Circular CSSF 19/724, as amended by Circular CSSF 21/766 Annex 2: “Clean” version of Circular CSSF 19/724, as amended by Circular CSSF 21/766
\nAnnex 1: Circular CSSF 19/724 as amended by Circular CSSF 21/766 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
\nLuxembourg, 19 July 2019
\nLadies and Gentlemen,
\nTo 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
\nProspectus Regulation (EU) 2017/1129 1, 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 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.
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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