On 27 September 2010, the Luxembourg Stock Exchange welcomed a delegation from the Council of State of Luxembourg.
This delegation was comprised of seven councillors and was led by Georges Schroeder, President of the Council of State of Luxembourg.This visit took place as one of a series of meetings that are held by the Luxembourg Stock Exchange with representatives of the main decision-making bodies of Luxembourg’s political and socio-economic circles.
During the meeting, officials of the Luxembourg Stock Exchange presented the main activities of the company and spoke about the transformation of the traditional business of a stock exchange to include a larger range of services for the capital markets and the investment fund industry.
They also highlighted the potential impact and opportunities arising from a number of proposed and actual EU directives, such as UCITS IV, and national laws. In this new regulatory environment, operational infrastructures, including those provided by the Exchange and its subsidiary for investment fund information, Finesti, will come to the fore.
In this context, President Georges Schroeder set out the main areas and methodologies that are applied by the Council of State during the review process for national law. He also referred to the reflections generally conducted by the Council of State to perform its tasks.
The meeting ended with a far-reaching exchange of views on the specific position that the Luxembourg Stock Exchange holds in Europe and the world.