Tuesday March 8 2022

News Source: Global Disclosures

Focus: Major Shareholdings

Type: General

Country: Luxembourg

The CSSF is pleased to announce the launch of eRIIS, its new web application for issuers or other persons subject to the Transparency Law2 and the Market Abuse Regulation. As from 4 March 2022, these persons will be able to fulfil their filing obligations through eRIIS.

The new web application replaces the current CSSF filing process via email for the major legal filing requirements applicable to the following two types of persons: (1) issuers of securities and (2) holders of securities (for notifications of major holdings and for notifications of persons discharging managerial responsibilities within an issuer). It will also serve as a main communication channel between these persons or entities and the CSSF.

eRIIS is designed both as a regulatory filing system and a secure channel of communication with the CSSF. eRIIS will thus not only ensure a state-of-the-art protection of data exchanges with the competent authority, but will also allow to follow-up on regulatory filings, notably by consulting various dashboards and tracking the status of individual filings. In addition, eRIIS offers advanced functionalities for the filing and validation of annual financial reports drawn up under the new ESEF format. eRIIS will furthermore allow to adequately manage the Reporting Entities’ data while at the same time offering the possibility of delegating administrative tasks to third parties by defining various levels of access rights for different users.

Please also note the following key information:

eRIIS access: The new application can be accessed by clicking on the following link or via a dedicated icon on the CSSF website5.

Security: A LuxTrust certificate is required to access the eRIIS platform (to guarantee a proper and strong authentication) and get an eRIIS user account. As a consequence, persons who do not already possess a LuxTrust certificate, need to order one as soon as possible.

Documentation: A page dedicated to eRIIS has been added on the CSSF website to help to get started. It contains an FAQ document (about LuxTrust certificates and user accounts), several User Guides (to introduce the main concepts and elements of eRIIS) as well as other useful information. The Circulars CSSF 08/337 and CSSF 08/349 have also been updated accordingly.

Transition period: All concerned persons are encouraged to use eRIIS as soon as possible. Note however that filings per email will be tolerated until 30 May 2022 to allow sufficient time to complete all administrative tasks necessary for accessing eRIIS.

Click on the above link for further information.