Sara Gerling
Sara Gerling is a Partner with NautaDutilh and a member of the firm's Banking & Finance team. Sara advises primarily institutional clients on all types of international and domestic financing transactions, involving real estate, fund, acquisition and asset finance. She has particular expertise in structured finance and is skilled at assisting clients with the structuring and setting up of regulated and unregulated securitisation vehicles as well as the issuance and listing of securities.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2006
Membership
- American Bar Association (ABA)
- Association des banques et banquiers, Luxembourg (ABBL)
- Association Luxembourgeoise des Juristes de Droit Bancaire (ALJB)
- International Bar Association (IBA)
- Luxembourg Capital Markets Association (LuxCMA)
- Secured Finance Network Association (Sfnet)
Qualifications
- First and second German State Exams (2005)
- Postgraduate degree in business law (DESS droit des affaires) (2003)
- Diplôme de Juriste Conseil d'Entreprise (DJCE) (2003)
Education
- Ludwig-Maximilians-Universität München
- Université de Poitiers
1 Contributions by Sara Gerling
PRACTICE NOTES
Listing debt securities on the Luxembourg Stock Exchange: Regulated Market, Euro MTF and SOL—eligibility, prospectus requirements, approvals, admission to trading, ongoing disclosure and fees under EU and Luxembourg law
What does this Practice Note cover?
This Practice Note sets out a summary of certain requirements relevant to listing debt securities on the Luxembourg Stock Exchange (LuxSE). It is not comprehensive guidance and does not cover matters concerning public offers of securities in Luxembourg. Listing debt securities on the LuxSE follows a five-step pathway, beginning with the choice of market and ending with the securities being effectively listed.
Step 1—Choice of a market and eligible debt securities
LuxSE market structure
The LuxSE runs two distinct trading venues for the trading of securities:
the EU-regulated market, known as the ‘Luxembourg Stock Exchange’ (Bourse de Luxembourg) (the Regulated Market); and
the multilateral trading facility called the ‘Euro MTF’ (Euro MTF).
The Regulated Market qualifies as a regulated market within the meaning of Directive 2014/65/EU of 15 May 2014 on markets in financial instruments, as amended (MiFID II). This market is included on the European Commission’s list of regulated markets and offers the possibility of a European passport. The Euro MTF is a multilateral trading facility within the meaning of MiFID II and is governed by the provisions of the Rules and Regulations of the LuxSE (LuxSE Rules & Regulations)...
Banking & Finance
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