Changes to the Prospectus Law and the Transparency Law

Memorandum by Philippe Prussen.

The Luxembourg Law of 10 July 2005 implementing the Prospectus Directive (the “Prospectus Law”) as well as the Law of 11 January 2008 implementing the Transparency Directive (the “Transparency Law”) are about to be amended upon implementation of Directive 2010/73/EC (the “Amendment Directive”). On 26 June 2012 the Luxembourg Parliament adopted the bill of law implementing the Amendment Directive which has been published in the Official Gazette on 5 July 2012.