.jpg)
On 6 October 2011, the number of notices processed by the Luxembourg Stock Exchange on behalf of issuers reached the milestone of 25,000.
The publication and dissemination of notices are part of the FNS (Financial News Services) activity of the Luxembourg Stock Exchange. This service, which was set up in October 2004, allows issuers and their advisors or agents to fulfil their legal obligations to publish regulated information under the Law of 11 January 2008 on transparency obligations.
An issuer fulfils its obligations with regard to effective dissemination if it transmits the statutory information either itself or through a specialist company. The Luxembourg Stock Exchange has the status of a specialist company as a result of its role as an operator of a regulated market and its dissemination activities to the major data vendors such as Bloomberg, Six Telekurs and Thomson Reuters.
Notices communicated by issuers include various types of news and information on topics such as financial reporting, ad hoc information, partial and total repurchases, exchange and redemption offers, press releases and changes in terms and conditions of issues. These notices are intended for retail investors as well as for a range of financial industry professionals. Issuers may also use the notices channel to communicate other news and information of a non-statutory nature.
The notices service provided by the Luxembourg Stock Exchange is complementary to dissemination via traditional media. Constraints related to the functioning of capital markets impose certain requirements, particularly in terms of time. The notices service allows the Luxembourg Stock Exchange to respond effectively to these constraints, ensuring dissemination of information to a wide target audience in a very short time.
In addition to the regulatory side, the dissemination of notices responds to the will of the Luxembourg Stock Exchange to make the principle of transparency one of its main priorities. Besides the dissemination of prices and the publication of notices, the Luxembourg Stock Exchange makes available to investors a variety of documents and information relating to securities listed on its market. Currently, there are 48,000 prospectuses and 5,235 financial reports. These documents and notices are available on the website of the Luxembourg Stock Exchange at www.bourse.lu.
