Transparency means appointment of a depositary & information communicated to the shareholders
Law of 28 July 2014 immobilisation of bearer shares and units
Specifically, for the fund industry, see the FAQ published by the CSSF. The more relevant information is:
- Appointment of a depositary: deadline 18/02/2015
- Criminal sanction for non-compliance with law of 28 July 2014
- Nominee on the register as long as submitted to AML/CTF obligations
- Information to the shareholders: about appointed depositary & deposit of shares (deadline: 18 February 2016)
For more information, please find attached the CSSF Newsletter dated April 2015, including detailed information on pages 9 and following.