The CSSF

The CSSF, hereby, provides clarifications in relation to the provisions of Directive 2013/50/EU 1 which introduces amendments to the Transparency Directive 2 (transposed into Luxembourg law by the Transparency Law 3 ). Given the fact that Directive 2013/50/EU has to be transposed into national law until 26 November 2015, and in anticipation of its transposition into Luxembourg law, the CSSF would like to draw the attention of issuers of securities for which Luxembourg is the home Member State as well as shareholders, who fall under the provisions of the Transparency Law, to the following points.