[Last updated: 1 January 2024, unless otherwise noted]
Initial listing
For the admission to listing, the LuxSE charges fees based on the aggregate value of the securities listed. The LuxSE charge separates fees for the review and approval of the prospectus.
For the prospectus approval different fees are applied if the prospectus is subject to approval by another regulator. If the regulator is the CSSF, the fees for the review of a share prospectus amounts to 0.11% of the total amount offered to the public or of the total amount for which admission to trading on a regulated market is requested. This percentage is applied to the higher of the two amounts indicated above, with a minimum lump sum fee of €24,750 (approximately US$27,349) and a maximum lump sum fee of €220,000 (approximately US$243,100). For debt securities the prospectus approval fee is €5,720 (approximately US$6,320). Lower fees are applied for the review of simplified prospectuses and in other situations.
Additional fees of a lower amount are payable for the listing of new securities.
Ongoing fees
The LuxSE applies yearly maintenance fees for the administrative work related to a listing.
For bonds, the fees amount depends on the issued amount: from €500 (approximately US$553) for bonds issued in the amount of less than €50 million (approximately US$55.25 million) to €900 (approximately US$995) for bonds issued in the amount of more than €1 billion (approximately US$1.11 billion).
For warrants, the yearly maintenance fees amount to €300 (approximately US$332).
For stocks, shares, and depositary receipts the maintenance fees depend on the number of quotation lines, and whether the issuer has published or registered annual accounts for the three preceding financial years. If the issuer has published or registered its annual accounts for the three preceding financial years the maintenance fees amount to €2,600 (approximately US$2,873) for the first quotation line, €1,950 (approximately US$2,155) for the second, €1,300 (approximately US$1,437) for the third, and €650 (approximately US$718) for the fourth and the following lines. Otherwise for companies that are recently established and have not published annual accounts for the three previous financial years, the maintenance fees amount to €5,250 (approximately US$5,801) for the first quotation line, €4,000 (approximately US$4,420) for the second, €2,750 (approximately US$3,039) for the third, and €1,350 (approximately US$1,492) for the fourth and the following lines.
Annual fees are also payable to the CSSF when Luxembourg is the Home Member State for the issuer for purposes of the law dated 11 January 2008 on transparency obligations of securities issuers. For issuers of debt securities admitted to the regulated market and with a minimum denomination of €100,000 (approximately US$110,500), the annual fees payable to the CSSF will amount to €2,000 (approximately US$2,210). For issuers of shares whose share capitalization does not exceed €10 billion (approximately US$11.05 billion) the annual fees are €30,000 (approximately US$33,150) plus a variable amount based on the market capitalization of the issuer.
Other fees apply for the listing and maintenance of shares and units of undertakings for collective investment, and subscription and allotment rights of unlisted companies. Lower fees are applied to supranational issuers.