Bourse de Luxembourg - paperJam

Listing proceduresbecomes effective. They must contain the information which the investorsand the investment advisers need in order to properly assess the assetsand liabilities, financial position, profits and losses, and prospects of theissuer, and of the rights attached to the security.The listing particulars and any supporting document for a listingapplication may be published in French, German, or English, or betranslated into one of these languages.Within the Luxembourg Stock Exchange, a specific department has beencreated to deal with the examination of the listing applications for allcategories of securities. The constituencies granting admission to listingare the Board of directors and the Listing Committee to which the Boardhas delegated its powers.In order to streamline the listing procedures, the Board of directors of theLuxembourg Stock Exchange resolved on March 14, 1997 to delegate itspowers with regard to listing approval to a Listing Committee consisting ofsenior executives of the Stock Exchange.As a result, listing approvals are granted on a daily basis, substantiallyreducing the time required for processing applications, thereby meetingthe requirements of the issuers, in an environment where time is a keydecision factor.The listing agentApplication for listing shall be filed by an institution which is a member ofthe Luxembourg Stock Exchange. This institution usually acts as the agentof its client for the examination of the listing particulars and handles all thelegal and administrative tasks with the Stock Exchange. The use of alisting agent provides qualified assistance in any discussion to beconducted with the authorities before, during and after the listing approvalprocess.Basically the tasks of the listing agent are:1. acting as liaison agent between the Luxembourg Stock Exchange andthe issuer, the lead manager and/or law firms;2. taking care of any announcements to be made in the press;3. providing the authorities with any information they may request duringthe term of the listing in connection with the ongoing listingrequirements;4. preparing the legal notice prescribed by Luxembourg corporatelegislation and having it registered with the Chief Registrar of theDistrict Court in Luxembourg.17FactBook 2004