Bourse de Luxembourg - paperJam

2003 Key eventsOrganisationThe Luxembourg Stock Exchange pays tribute to Mr. Jean KRIER,who chaired the Board from April 23, 2001 until his sudden death onOctober 30, 2003. Mr. KRIER’s commitment has been particularlysignificant in two areas, ie the Stock Exchange’s business plan for whichkey projects were completed in 2003 and the listing of securities, in whichthe Luxembourg Stock Exchange plays a leading role.At its meeting of January 16, 2004, the Board of directors of theLuxembourg Stock Exchange appointed Mr. Raymond KIRSCH as its newChairman.Mr. Raymond KIRSCH has been a member of the Board since 1990.He was appointed Vice-Chairman in July 1993. He formerly assumedthe functions of Government Commissioner for the Luxembourg StockExchange from 1979 to 1985.Legal environment2003 was marked by the adoption of a number of Directives referred toin the Financial Services Action Plan (FSAP) of the European Commission.One of the new Directives was the so-called Prospectus Directive, whichis likely to have a strong impact on the operations conducted by theLuxembourg Stock Exchange in respect of securities listing.Implementing the business plan under strict quality control procedures willenable the Luxembourg Stock Exchange to conform to the requirementscreated by the European legal environment and laid down by thesupervisory authority and to maintain its position as an internationallisting centre.Amended Rules and RegulationsChapter II (“Stock Exchange Committee”), Chapter IV (“Members of theStock Exchange”) and Chapter V (“Market access”) of the LuxembourgStock Exchange’s Rules and Regulations were amended to take accountof the new operating environment of the Stock Exchange and to adapt tothe new information technology infrastructure.4FactBook 2004