LuxCSD’s issuance solutions under Dutch law


LuxCSD has launched Issuer CSD services under the law of the Netherlands following recent regulatory authorisation under Article 23 CSDR. Dutch incorporated companies can now benefit from using LuxCSD as Issuer CSD in support of their IPOs on a domestic or foreign stock exchange or for the dematerialisation of their share capital.

LuxCSD’s issuance solutions under foreign laws comprise next to issuance under Dutch Law also issuance under French law and Danish law. A global investor reach is in all cases enabled through the ICSDs and German CSD as LuxCSD’s direct participants.

LuxCSD successfully handled the issuance of the share capital in dematerialised form of Plaza Centers N.V. (ISIN NL0011882741). The company is a developer of shopping and entertainment centers and is incorporated in the Netherlands with listing on the London Stock Exchange, the Tel Aviv Stock Exchange and Warsaw Stock Exchange.  The LuxCSD Principal Agent (LPA) was Banque Internationale à Luxembourg (BIL) ensuring the timely and accurate processing of the shares and onward delivery to the Investor CSDs in London, Tel Aviv and Warsaw.

Issuance of dematerialised securities

LuxCSD fully supports the issuance of dematerialised securities as these significantly increase efficiency and reduce risks and costs for the industry. Dematerialised issuance is widely recognised as the most efficient and secure form of issuance.

In 2013, Luxembourg adopted the law governing the dematerialisation of physical securities as well as the issuance of dematerialised securities, permitting electronic records to replace the currently predominant global certificate.

Issuers benefit from the ability to receive information on the holders of their issued securities.