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Luxembourg Caisse de Consignation publishes FAQs regarding immobilisation of bearer shares and units

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On 5 February 2016, the Luxembourg Caisse de Consignation published Frequently Asked Questions regarding the Law of 28 July 2014 on the immobilisation of bearer shares and bearer units.

The FAQs provide useful guidance on some of the practical steps that Luxembourg companies and Luxembourg investment funds must take with respect to the cancellation of bearer shares and bearer units that will not have been deposited with a depositary before 18 February 2016. The FAQs gives some information in particular on (i) the list of documents that the Caisse de Consignation must receive upon deposit of assets (ii) the level of fees and expenses charged during the period of deposit and (iii) the procedure that the holder of certificates must follow when claiming a refund of assets that have been deposited with the Caisse de Consignation.

Click here to access the text of the FAQs in French or unofficial translation in English and in German.

Related documents:

- the  text of law of 28 July 2014 in French or in English

- the FAQs published by the CSSF on 5 May 2015

Updated on 29/02/16
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