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ARTICLE · 10 APRIL 2019

Luxembourg Stock Exchange Professional Segments – The Real Impact

Hogan Lovells
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The launch of a product in one of the Professional Segments automatically meets the standards for the alleviated prospectus regime.

LuxembourgFinance and Banking
Ariane Mehrshahi
Ariane Mehrshahi
Marie-Roxane Karydi
Marie-Roxane Karydi

What changes?

Both the Euro MTF, as well as the Regulated Market of the Luxembourg Stock Exchange are from now on equipped with their respective Professional Segments i.e. trading platforms reserved to qualified, non-retail investors.

  • By "qualified investors" reference is made to the MiFID II client classification. Hence, it comprises professional clients (per se and elective), as well as eligible counterparties, unless they have opted-out and have requested to be treated as non-professionals.

The introduction of these segments represents a more efficient alternative for products exclusively targeting professional investors as per the MiFID classification.

Drivers for the introduction of Professional Segments

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