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On 10 October 2022, the Luxembourg Stock Exchange (LuxSE) launched a new process named the FastLane service. FastLane provides a simplified and accelerated admission process of certain types of securities of eligible issuers on the Euro MTF market of the LuxSE (Euro MTF). In fact, eligible issuers may now be fully exempted from the otherwise mandatory approval of their listing particulars by the LuxSE.
Eligible issuers and securities
The FastLane process will benefit the following types of issuances:
The admission process
Admission Document:
Qualifying issuers must file an “Admission Document” containing the terms and conditions of the securities for which admission to trading is sought, in a searchable electronic format. The LuxSE will neither review nor approve the Admission Document.
In addition to the Admission Document, an Application Form for obtaining a FastLane admission must be filled in and must include public sources of information about the issuer and the securities. The LuxSE can require the submission of any other document which it may deem necessary.
Timing and publication
The draft Admission Document must be submitted to the LuxSE at least 3 business days before the expected listing date and the final version must be submitted for publication on the LuxSE’s website no later than on the first trading day.
Ongoing disclosure obligations
For the avoidance of doubt, following a FastLane admission, issuers will become subject to the same ongoing disclosure obligations, including market abuse related obligations, as issuers whose securities are admitted to trading following the regular admission process.
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