{"id":"circulars/faq-the-prospectus-regime-faq","title":"The Prospectus regime – FAQ","type":"circular","date":"2013-03-12","kind":"faq","html":"<p>The Prospectus regime – FAQ is a CSSF FAQ, published 12 March 2013.</p>\n<p>Legal basis: <a href=\"/lhoft?page=laws%2F2019-07-16-a513\" class=\"wikiLink\" data-target=\"laws/2019-07-16-a513\">Law of 16 July 2019 on prospectuses for securities</a>.</p>\n<p>Main topic: Prospectus.</p>\n<h2>Text</h2>\n<p>The prospectus regime QUESTIONS / ANSWERS</p>\n<p>THE PROSPECTUS REGIME Unrestricted Version: Version diffusée</p>\n<p>The prospectus regime This new version of the CSSF's questions and answers amends the former version (still available on the CSSF's website 1) with regard to legal, regulatory and other developments in the prospectus field. It should be noted that certain questions of the previous version have been left out as they are of minor importance or outdated, whereas other questions and answers have been clarified. Moreover, the questions and answers have been grouped according to themes for ease of reading.</p>\n<p>CONTENTS I.</p>\n<p>II.</p>\n<p>PRACTICAL QUESTIONS I.1 How should the documents be filed with the CSSF? I.2 How should general questions be filed with the CSSF? 5 I.3 What are the modalities for the transmission of a set of comments prepared by the CSSF? I.4 Is it possible to directly contact the CSSF for questions relating to a file? I.5 What are the fees to be paid for the approval of a prospectus? I.6 What is the procedure to request the CSSF to accept the transfer of the approval of a prospectus by the competent authority of another Member State? General questions II.1 What is the legislative and regulatory framework as regards prospectuses? II.2 Who is competent for the approval of a prospectus: the CSSF or the Société de la Bourse de Luxembourg? 8 II.3 How must a final date for a prospectus/supplement be set down and who is the person responsible to ensure that the information included in the prospectus/supplement is up to date on the date of its approval? II.4 II.4. How and when should a prospectus be published? II.5 Is it possible to withdraw a document that has already been published and approved by the CSSF from the website of the Société de la Bourse de Luxembourg? II.6 What is the impact of the use of languages? II.7 What are the definition, approval time and advantages of a standardised prospectus?</p>\n<p>5 5</p>\n<p>5 6 6 6 7 7</p>\n<p>8 9 9 10 11</p>\n<p><a href=\"https://www.cssf.lu/en/Document/the-new-prospectus-regime-faq/\" target=\"_blank\" rel=\"noreferrer\">https://www.cssf.lu/en/Document/the-new-prospectus-regime-faq/</a></p>\n<p>THE PROSPECTUS REGIME</p>\n<p>II.8</p>\n<p>III.</p>\n<p>IV.</p>\n<p>VI.</p>\n<p>The text above is the opening of the document; the PDF carries the whole.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/the-prospectus-regime-faq/\" target=\"_blank\" rel=\"noreferrer\">Document page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/FAQ_prospectus_en.pdf\" target=\"_blank\" rel=\"noreferrer\">PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.</p>"}