The Luxembourg Law of 1 August 2019 implementing
Directive (EU) 2017/828 ("Shareholders Rights
Directive") amending Directive 2007/36/EC on the exercise of
certain rights of shareholders in listed companies was published in
the Official Gazette on 20 August 2019.
As indicated in our Newsletter – May 2019, the changes
introduced by the Shareholders Rights Directive affect various
market players1.
UCITS management companies ("UCITS
ManCos") and alternative investment fund managers
("AIFMs") managing, respectively, UCITS
and AIFs which invest in shares of companies which have their
registered office in a Member State and whose shares are admitted
to trading on a regulated market situated or operating within a
Member State are covered by the Shareholders Rights Directive.
