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As part of the international effort for greater transparency in financial activities, the Luxembourg government has taken new measures by introducing the law on the immobilisation of bearer shares and units, in order to identify the shareholders of Luxembourg companies and funds (including fund units). This Law of 28 July 2014 came into force on 18 August 2014 and affects all issuers of Luxembourg shares and shareholders (irrespective of their place of residence).
The ABBL would like to call upon its members, issuers and shareholders who may be affected by this law.
1) Who is affected?
- Commercial companies under Luxembourg law, notably SMEs and funds which have issued bearer shares or units. With regard to funds,...
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