Standard held by Allooloo Technologies Corp. · Open standard, MIT licence.

SM-ECO-10060 · Luxembourg

SM-ECO-10060sm-eco-10060.org/market/lu/

Luxembourg · lu-eco-10060

chapter lu.chapter.v11 · supersedes lu.chapter.v10 · as of 2026-10-31 · node lu-cm-kg · https://mcp.lu-cm-kg.ai/book/

7.2 The field element (every catalogue entry below is one of these)

Appendix A · ECO market section

ECO · lu.eco.v4 · supersedes lu.eco.v3 · produced 2026-10-31T03:27:36Z · signed on the node door

The catalogue starts from identifying the duty, obtaining the relevant facts, recognising constraints, supporting an action and preserving evidence. It retains the current page's sourceable information and extends the chapter beyond the page. Each regime is scoped to the instruments, actors and activities its evidence applies to. No tax or settlement value is treated as universal to a market.

competent_authoritiesRegulators, competent authorities and allocation of responsibilityCommission de Surveillance du Secteur Financier (CSSF)

source https://www.cssf.lu/en/ · dated not found

duty_mapApplicable product-governance and suitability duties by activity and actor
  • duty
    MiFID II product governance

source https://mcp.getissuer.ai/mcp · dated not found

regulated_activitiesActivities requiring authorisation and their scopenot found
participant_categoriesIssuer, intermediary, investor and client categoriesnot found
product_categoriesInstrument classes, exclusions and special regimesnot found
issuer_and_listing_scopeDomicile, listing and issuer-status distinctionsnot found
exchanges_and_venuesVenue identities linked to AMP records

source https://www.luxse.com/listing/our-markets-and-platforms · dated not found

information_storesAuthoritative regulated-information repositoriesLuxSE Officially Appointed Mechanism (OAM) - 'a regulated information access point'; 'Documents stored via our OAM are centrally archived and publicly available via our website.' CSSF: regulated information must be stored on the OAM when disseminated and no later than the end of that same day; the OAM is operated by the Luxembourg Stock Exchange. Transparency Law art. 20(2): OAM(s) 'shall be appointed by way of Grand-ducal regulation'.

source https://www.luxse.com/issuer-services-overview/oam · dated not found

store_lookupDocumented lookup methods and identifier requirementsLuxSE OAM search - 'Search for regulated information'; keyword box plus advanced filters: country of issuer, issuer name, publication date, reference year, ISIN code, CSSF code, type of regulated information

source https://www.luxse.com/issuer-services-overview/oam/oam-search · dated not found

periodic_reportingPeriodic duties, deadlines, triggering events and exceptions
  • report
    Annual financial report (Transparency Law art. 3(1))
    deadline
    at the latest four months after the end of each financial year
  • report
    Half-yearly financial report (Transparency Law art. 4(1))
    deadline
    as soon as possible after the end of the relevant period, but at the latest three months thereafter

source https://www.cssf.lu/wp-content/uploads/L_110108_transparency.pdf · dated not found

ad_hoc_disclosureEvent-driven and inside-information disclosure obligationsCSSF: issuers subject to the Transparency Law must disclose inside information (MAR art. 17) and managers' transactions (MAR art. 19) as regulated information - filed with the CSSF, stored on the OAM and disseminated under the Transparency Law; filings via eRIIS since 30 May 2022

source https://www.cssf.lu/en/information-requirements-issuers-of-securities/ · dated not found

filing_formatsRequired formats, validation requirements and document typesCSSF: annual financial reports prepared in 'Extensible Hypertext Markup Language (XHTML) format' for financial years starting on or after 1 January 2020; IFRS consolidated statements also tagged in XBRL (ESEF; CSSF points to ESMA's ESEF Reporting Manual)

source https://www.cssf.lu/en/information-requirements-issuers-of-securities/ · dated not found

filing_languagesRequired or accepted languages and translation conditionsTransparency Law art. 19: regulated information disclosed 'in a language accepted by the CSSF' (and/or, per case, a language accepted by host Member State authorities or 'a language customary in the sphere of international finance, recognised as such by the CSSF'); art. 19(5): 'the languages accepted in any case by the CSSF are Luxembourgish, French, German and English.'

source https://www.cssf.lu/wp-content/uploads/L_110108_transparency.pdf · dated not found

prospectus_regimeOffering and admission requirements, exemptions and thresholdsnot found
product_disclosuresProduct documents and pre-contract information duties
  • document
    key information document (KID)
    regime
    PRIIPs Regulation (EU) No 1286/2014
    duty
    PRIIP manufacturer shall draw up a KID and publish it on its website before the PRIIP is made available to retail investors

source https://www.cssf.lu/en/mifid-ii-mifir-priips/ · dated 4 May 2020

takeover_regimeOffer rules, control triggers and shareholder treatmentnot found
ownership_reportingSignificant holdings, beneficial ownership and notification dutiesnot found
short_sellingRestrictions, disclosure, locate or borrowing requirements, emergency measuresnot found
market_abuseInsider dealing, manipulation and related disclosure regimesnot found
trading_controlsMarket-wide trading constraints and intervention powers
  • power
    Product intervention measures
    authority
    CSSF
    legal_basis
    MiFIR
    description
    the CSSF is able to temporarily prohibit or restrict the marketing, distribution or sale of a financial instrument or a type of financial activity or practice where certain conditions are met

source https://www.cssf.lu/en/mifid-ii-mifir-priips/ · dated 4 May 2020

market_calendarAuthoritative calendars and exceptional closuresLuxSE markets 'open from 09:00 to 17:40 (CET) from Monday to Friday, excluding some public holidays'; Closing days 2026 listed: Friday 25 December (Christmas Day); not closed on Tuesday 23 June (National day); on Thursday 24 and Thursday 31 December 2026 'the trading sessions will close at 14h05 CET'

source https://www.luxse.com/trading/opening-hours-and-closing-days · dated not found

halts_sourcesOfficial halt and suspension sources with scopeLuxSE Market overview page - 'Latest Suspensions' tab (also 'Upcoming delistings')

source https://www.luxse.com/market-overview · dated not found

identifiersSecurity and entity identifier conventions and validation sourcesnot found
isin_prefixISIN prefix information and its limits as a jurisdiction indicatorLU (ANNA row shows prefix 'XS / LU') - national numbering agency Clearstream Banking S.A., ANNA status Member

source https://anna-web.org/anna-members/ · dated not found

lei_requirementsLegal Entity Identifier requirements and authoritative lookup referencesGLEIF API: no LEI issuer (LOU) based in Luxembourg is on GLEIF's list of 41 LOUs; 22 LOUs are accredited for jurisdiction LU (incl. London Stock Exchange, KDPW, Bundesanzeiger Verlag, Nasdaq LEI, WM Datenservice, GS1, EQS, RapidLEI, Bloomberg, NordLEI, Euronext Dublin, KVK, InfoCamere, GMEI Utility); 42,494 LEIs with legal jurisdiction LU and status ISSUED on 2026-10-24

source https://api.gleif.org/api/v1/lei-issuers · dated not found

settlementSettlement cycles by instrument and venue, exceptions and transition datesnot found
corporate_actionsRights, elections, notices and procedural deadlinesnot found
tax_at_sourceWithholding regimes by income, instrument and recipient category; relief conditionsnot found
fees_and_leviesTransaction taxes, statutory levies and relevant chargesnot found
conduct_and_conflictsConduct, inducement and conflict-management duties relevant to distribution
  • duty
    CSSF applies ESMA Guidelines on MiFID II suitability requirements (Circular CSSF 23/835)
    effective
    from 3 October 2023 onwards
  • duty
    CSSF applies ESMA Guidelines on MiFID II product governance requirements (Circular CSSF 23/840)
    effective
    from 3 October 2023 onwards
  • duty
    Knowledge and competence of staff giving investment advice or information: Circular CSSF 17/665 implements the ESMA Guidelines for the assessment of knowledge and competence

source https://lsfi.lu/regulations/mifid-ii/ · dated 8 July 2025

recordkeepingRetention, evidence, format and reconstruction requirements
  • requirement
    firms acting as manufacturers and/or distributors should substantiate and document choices made in the context of their product governance arrangements, including with regard to the target market identification and related distribution strategies
    source
    ESMA Guidelines annexed to Circular CSSF 23/840

source https://www.cssf.lu/wp-content/uploads/cssf23_840eng.pdf · dated 14 September 2023

complaints_and_redressComplaint, escalation and redress routesnot found

Appendix B · ACM register section

ACM · lu.acm.v3 · supersedes lu.acm.v2 · produced 2026-10-31T01:49:45Z · signed on the node door

The register revision is incorporated by reference to ACM-68000 (Agent Clearance Manifest) canonical text v1.0 §8.1 and is not redrawn here. These are chapter attachment fields connecting the chapter to that register; they never redefine rule_version, signal meanings or revision internals.

register_revision_refExact immutable revision governed by ACM-68000 §8.1
rule_version
acm-68000/lu/mifid-ii-product-governance/r1
path
register/lu/acm-68000-lu-mifid-ii-product-governance-r1.json
content_hash
sha256:42964b8f235aad98337ae8d80c63b03db06a01d504ec6c0f445f05e6839f9915

source https://www.cssf.lu/wp-content/uploads/cssf23_840eng.pdf · dated 14 September 2023

register_schema_refAuthoritative register-revision schema and its versionACM-68000 canonical text v1.0 §8.1 — a register revision

source https://acm-68000.org/ · dated 2026-10-30

chapter_evidence_refImmutable chapter version and section from which the revision was produced
chapter
lu.chapter.v3
chapter_sha256
sha256:ace41223df8af3f40a923fdb28e39bc00c56ed58b4e42d354178d44279a66ab1
sections
  • family
    ECO
    version
    lu.eco.v2
    field
    duty_map
    sha256
    sha256:d01888f4e705e2ad3194a26cdaea862e251cf5c11cf46198eff108dee3a242ee
  • family
    ACM
    version
    lu.acm.v2
    sha256
    sha256:61ee30b723e62e37b28e26019b7cac58a92507d737961a9117e37ab5da085bfb

source https://mcp.getissuer.ai/mcp · dated 2026-10-31

rule_applicabilityMarket-specific applicability evidence for the referenced revision

source https://www.cssf.lu/wp-content/uploads/cssf23_840eng.pdf · dated 14 September 2023

shared_revision_refShared-family revisions produced by the apex, where applicable
  • rule_version
    acm-68000/eu/mifid-ii-product-governance/r1
    path
    register/eu/acm-68000-eu-mifid-ii-product-governance-r1.json
    content_hash
    sha256:00fb9967096a93cc500e409b0e1521a207f3c57c7ebea1035f8c986cd387f44d

source https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf · dated 03/08/2023

national_overlay_refSeparately versioned national additions or exceptionsnot found
revision_change_evidenceSources supporting selection or succession of the referenced revision

source https://www.cssf.lu/wp-content/uploads/cssf23_840eng.pdf · dated 14 September 2023

Appendix C · AIO orderability section

standard AIO-10060 · AI Orderability

AIO · lu.aio.v4 · supersedes lu.aio.v3 · produced 2026-10-31T20:07:11Z · signed on the node door

The chapter describes the source-backed determination framework. A product-specific orderability result requires the product record, the client category, the relevant evidence and the applicable rule revision; this section never manufactures that result from market membership alone. It adds no field to the deployed receipt.

duty_revision_refApplicable immutable ACM rule revisionnot found
product_scopeProducts and instrument categories covered by the target-market regime

source https://www.cssf.lu/wp-content/uploads/cssf23_835eng.pdf · dated 23 September 2022

client_categoriesClient classifications and source-backed qualification criterianot found
target_marketPositive target-market criteria and their applicability
  • criterion
    clients' knowledge and experience
  • criterion
    financial situation
  • criterion
    risk-bearing capacity
  • criterion
    risk tolerance
  • criterion
    investment objectives and needs
    applicability
    must be taken into consideration by the product issuer/manufacturer

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

negative_target_marketExplicit exclusions or incompatible client characteristics
  • exclusion
    prohibiting the marketing, distribution or sale of binary options
    applies_to
    retail clients
    rule
    CSSF Regulation No 19-05 of 26 June 2019
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    26 June 2019
    read_at
    2026-10-31T18:39:52Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 26 June 2019

distribution_conditionsPermitted distribution methods and constraints
  • condition
    the reception of inducements they do not affect the respect of the provider’s obligation to act in an honest, fair and professional manner in the best interests of its clients
    party
    provider
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T20:06:26Z
  • condition
    specify the target market
    party
    Product issuers
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T20:06:26Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

required_assessmentsSuitability, appropriateness or other assessment requirements and triggers
  • assessment
    appropriateness test
    trigger
    the product they wish to purchase
    party
    firms
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T20:06:26Z
  • assessment
    Suitability assessment
    trigger
    when providing the investment services of investment advice and portfolio management
    party
    Firms
    rule
    Article 25(2) of MiFID II (Article 37-3(4) of the Law of 5 April 1993 on the financial sector); Articles 54 and 55 of the MiFID II Delegated Regulation
    source_url
    https://www.cssf.lu/wp-content/uploads/cssf23_835eng.pdf
    source_date
    16 May 2023
    read_at
    2026-10-31T20:06:26Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

product_documentationRequired product, risk and target-market documents
  • document
    key information document (KID)
    party
    PRIIP manufacturer
    rule
    shall draw up for that product a KID and shall publish the document on its website
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T18:39:52Z
  • document
    key information document (a KID)
    party
    professional
    rule
    should provide you with a key information document (a KID) in good time before you are bound by any contract or offer relating to this investment
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T18:39:52Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

manufacturer_distributor_rolesResponsibilities and information exchange between actors
  • actor
    product issuer/manufacturer
    role
    specify the target market
    rule
    criteria such as clients' knowledge and experience, financial situation, risk-bearing capacity, risk tolerance, investment objectives and needs must be taken into consideration
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T18:39:52Z
  • actor
    PRIIP manufacturer
    role
    draw up for that product a KID and publish the document on its website
    rule
    before a PRIIP is made available to retail investors
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T18:39:52Z
  • actor
    product manufacturers
    role
    identify any sustainability-related objectives a given financial instrument is designed to meet
    rule
    Commission Delegated Directive (EU) 2021/1269
    source_url
    https://lsfi.lu/regulations/mifid-ii/
    source_date
    8 July 2025
    read_at
    2026-10-31T18:39:52Z
  • actor
    distributors
    role
    factor those objectives into the product's target market assessment, including the negative target market
    rule
    Commission Delegated Directive (EU) 2021/1269
    source_url
    https://lsfi.lu/regulations/mifid-ii/
    source_date
    8 July 2025
    read_at
    2026-10-31T18:39:52Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

review_triggersRequired review events and periodic review conditionsnot found
evidence_requirementsEvidence needed to support a scoped outcome
  • requirement
    The relationship with the client must also be carefully documented: the firm must be in a position to prove that and how its actions respect the best interest of its clients.
    retention
    The records must be kept for a period of five years.

source https://www.cssf.lu/en/mifid-ii-priips/ · dated Last update: 4 May 2020

exceptionsSource-backed exceptions with conditions and boundaries
  • exception
    reception of inducements for other services
    condition
    the following cumulative conditions are met
    source_url
    https://www.cssf.lu/en/mifid-ii-priips/
    source_date
    4 May 2020
    read_at
    2026-10-31T18:39:52Z
  • exception
    may still be treated as suitable
    condition
    the client adapts their sustainability preferences, provided this adaptation relates only to that specific transaction
    source_url
    https://lsfi.lu/regulations/mifid-ii/
    source_date
    8 July 2025
    read_at
    2026-10-31T18:39:52Z

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 4 May 2020

orderability_profile_refSchema for the product, market and client-class outcome produced under these rulesnot found
sourcesSupporting documents and provenance not attached to a specific field
  • title
    Circular CSSF 23/840
    description
    Application of the Guidelines of the European Securities and Markets Authority on MiFID II product governance requirements
    date
    15 September 2023 - Updated on 29 September 2025

source https://www.cssf.lu/en/mifid-ii-priips/ · dated 15 September 2023 - Updated on 29 September 2025

Appendix D · AMP venue section

standard AMP-10060 · Agentic Market Protocol

AMP · lu.amp.v2 · supersedes lu.amp.v1 · produced 2026-10-31T02:41:51Z · signed on the node door

Each venue record is keyed by its evidenced Market Identifier Code (MIC). Where an activity has no applicable code, the gap is preserved with a separately typed reference; no code is invented. This section supplies reference information only; it establishes no entitlement, permission to route or order placement. A later permission profile requires its own actor, instrument, action and endpoint evidence.

venue_mic · XLUX

source https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.csv · dated 20230925

venue_identityVenue name, operator and authoritative identity evidencenot found
venue_scopeOperating or segment scope, products and jurisdiction bindingsnot found
haltsOfficial halt information and applicability scopenot found
clearing_houseClearing relationships by instrument and servicenot found
participant_rolesDefined participant categories and responsibilitiesnot found
market_maker_obligationsSource-backed obligations and exemptions for market makersnot found
gatesDocumented entry, membership and access prerequisitesnot found
reference_endpointsPublic reference locations with purpose and sourcenot found
settlement_linksRelated market or venue settlement recordsnot found
change_noticesVersioned rules changes and operational notices
  • date
    02 September 2024
    notice
    LuxSE publishes latest version of its Rules and Regulations
    summary
    Change in Rule 2041.A.1: appointment of a clearing organisation by means of a Notice; CSDR settlement discipline in Rule 5305.4; buy-in and sell-out sections in TM; Rule 2402 update

source https://www.luxse.com/about-us/press-centre/LuxSE-publishes-latest-version-of-its-Rules-and-Regulations · dated 02 September 2024

sourcesAdditional source-backed venue evidencenot found

venue_mic · EMTF

source https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.csv · dated 20230925

venue_identityVenue name, operator and authoritative identity evidence
operator
Société de la Bourse de Luxembourg
regulated_market
Bourse de Luxembourg
identity_evidence
CSSF: currently one operator is authorised to manage and operate the business of a regulated market in Luxembourg

source https://www.cssf.lu/en/operation-of-trading-venue/ · dated 4 May 2020

venue_scopeOperating or segment scope, products and jurisdiction bindingsnot found
rules_pageAuthoritative venue rule sourcenot found
haltsOfficial halt information and applicability scopenot found
calendarSessions, holidays and exceptional closuresnot found
clearing_houseClearing relationships by instrument and servicenot found
participant_rolesDefined participant categories and responsibilitiesnot found
market_maker_obligationsSource-backed obligations and exemptions for market makersnot found
gatesDocumented entry, membership and access prerequisites
  • segment
    Euro MTF EM3S
    prerequisite
    Application: they must fill out a letter of undertaking and submit an application form, which must at least include the terms and conditions of the EM3S Securities for which admission to trading is requested.

source https://www.lexgo.lu/en/news-and-articles/14096-luxse-unveils-euro-mtf-em3s-unlocking-new-opportunities-for-professional-investors · dated 04/04/25

settlement_linksRelated market or venue settlement recordsnot found
sourcesAdditional source-backed venue evidence
  • statement
    Currently one operator is authorised to manage and operate the business of a regulated market in Luxembourg: the Société de la Bourse de Luxembourg operating the regulated market named Bourse de Luxembourg
    source
    CSSF

source https://www.cssf.lu/en/operation-of-trading-venue/ · dated 4 May 2020

Appendix E · ESG disclosure section

standard ESG-10060 · Sustainability Disclosure

ESG · lu.esg.v2 · supersedes lu.esg.v1 · produced 2026-10-31T02:58:59Z · signed on the node door

Sustainability disclosure remains a specialised ECO record with its rules in ACM. A jurisdiction's adoption of a framework is distinct from the framework's application to a particular issuer or period; the schema preserves that distinction and never turns disclosure availability into a sustainability rating.

regimeNamed sustainability-disclosure regime and its scope
name
MiFID legal framework sustainability related requirements
scope
definition of clients' sustainability preferences; requirements relating to product governance

source https://elvingerhoss.lu/publications/mifid-esg-requirements-specified · dated 22.12.2022

authorityResponsible issuing or supervisory authorities
  • name
    CSSF (Commission de Surveillance du Secteur Financier)
    role
    supervises the application of MiFID II in Luxembourg

source https://www.bgl.lu/en/individuals/blog/how-to-manage-your-budget/mifid-ii.html · dated 15/05/2026

applicabilityCovered entities, products, thresholds and exemptions
  • entities
    providers of investment advisory and discretionary portfolio management services
    requirement
    obtain specific information on their clients' preferences regarding sustainability and meet such preferences

source https://elvingerhoss.lu/publications/mifid-esg-requirements-specified · dated 22.12.2022

adoption_stageProposal, adoption, commencement and transitional operation, distinguished
instrument
Circular CSSF 23/835
stage
issued 16 May 2023; applies from 3 October 2023 onwards

source https://www.cssf.lu/wp-content/uploads/cssf23_835eng.pdf · dated 16 May 2023

effective_datesEffective intervals and staged commencement conditions
  • provision
    amended rules regarding product governance (sustainability factors in target market)
    from
    22 November 2022

source https://elvingerhoss.lu/publications/mifid-esg-requirements-specified · dated 22.12.2022

disclosure_dutiesRequired disclosures, reporting periods and filing obligations
  • duty
    gather information from customers about their preferences and their level of knowledge about sustainable investments
    scope
    new clients as well as existing clients, at the next update of their profile

source https://elvingerhoss.lu/publications/mifid-esg-requirements-specified · dated 22.12.2022

reporting_standardsReferenced disclosure standards and applicable editionsnot found
taxonomyClassification frameworks, criteria and binding status
  • framework
    European Taxonomy
    use
    criteria aligned with the European Taxonomy included in clients' sustainability preferences in the suitability questionnaire

source https://www.bgl.lu/en/individuals/blog/how-to-manage-your-budget/mifid-ii.html · dated 15/05/2026

climate_requirementsSource-backed climate disclosure requirements and scopenot found
assuranceRequired assurance, qualifications and transition conditionsnot found
filing_store_and_formatAuthoritative destination and required filing formatnot found
interoperabilityRecognised equivalence, mapping or substituted-compliance provisionsnot found
rule_revision_refApplicable immutable ACM disclosure-rule revisionsnot found
sourcesSupporting regime and disclosure evidencenot found