Listing services
Your challenges
The access to the capital markets and the listing of your securities with a stock exchange represents actual business opportunities for issuers and fund promoters.
The road map for the listing process encompasses several steps requiring the involvement and support from a trusted and knowledgeable partner on which you can rely throughout the different steps of the listing process.
For that kind of relationship, you need a professional services firm that will work hand-in-glove with you - closely and collaboratively. Not a firm that will keep you at arm’s length, but a firm that will frequently communicate with you to deliver the insightful, value-driven service needed in line with the size of your business and needs.
The primary reasons for listing of funds are:
- Investors draw comfort from the fact the local FSA and/or the Stock Exchange has reviewed and confirmed that the Offering Memorandum complies with the relevant rules and regulations
- Institutional investors (Pension Funds, etc.) have restrictions on the percentage of assets they can invest in unlisted securities (0-15%)
- Some jurisdictions prevent Funds of Funds from investing in offshore funds unless those funds are listed on an approved Stock Exchange
- Most of the REIT regimes require a listing to benefit from tax exemptions or reduced rates
- Closed-end funds can benefit from an EU passport when listed on a Stock Exchange EU regulated market
- Luxembourg domiciled funds and ‘foreign’ funds are eligible for listing at Luxembourg
Our dedicated investment management practice and our listing expertise can help you discover new opportunities and provide solutions that can give your funds a competitive advantage.
The right approach to access the Capital Markets for you
Deloitte enables you to access a wide range of value added services via a single entry door.
Deloitte listing services
To our clients and issuers interested in submitting a listing in Luxembourg, we provide our in-depth knowledge of the listing process and a range of multi-disciplinary services tailored to each issuer’s needs, including:
Advice on the optimum securities vehicle structure
Deloitte provide advice in the selection of the most relevant listing vehicle and help the issuer in evaluating the right market for its listing
Guidance on the most tax efficient structure
We provide advice on Luxembourg direct and indirect tax restructuring, assist with advance tax analysis procedures and coordinate with other jurisdictions in order to design the optimum tax structure for your listing
Advice and assistance in the preparation and compliance of all required listing and admission documents
Deloitte will facilitate the preparation of prospectus and listing application forms and ensure strict compliance with regulations from the CSSF and the Luxembourg Stock Exchange
Management of the communication and action plans between the listing stakeholders
Deloitte can organise on your behalf the communication with regulators and the Luxembourg Stock Exchange throughout the filing process
Financial reporting services
Deloitte will assist you in preparing the financial information required such as conversion of financial statements from local GAAP to International Financial Reporting Standards, capitalisation report and pro-forma financial information, etc.
Performance of due diligence, business plan, cash forecast, etc.
Deloitte can aid you in the preparation of your business plan and other diligence related materials
With over 1,300 professionals, Deloitte Luxembourg leverages on its strong local capabilities and cross-border networks. We are part of a global network that has the resources and expertise to provide our clients with seamless high-quality services. We believe that our integrated approach and client-oriented solutions can serve you well in the listing process and beyond.
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The Luxembourg Stock Exchange - Your premium listing destination
For over 80 years the Luxembourg Stock Exchange has offered innovative products and services tailored to the needs and requirements of international issuers.
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