VP LUX is closing down / VP Lux

VP LUX is closing down

02.05.2018

Following the decision of the Board of Directors, on 5 March 2018, it was decided to close down VP LUX in a controlled manner. The closing down is done according to five tracks:

Track 1: Withdrawal of CSDR application

  • Closing down CSDR application

Track 2: Moving/Closing down business activities

  • Moving issued securities to VP SECURITIES
  • Closing links and accounts

Track 3: Closing T2S setup

  • ECB - closing down contract with T2S
  • BCL – Closing down accounts

Track 4: Withdrawal of PSF license

  • CSSF - Closing PSF license

Track 5: Other

  • Liquidation, Tax issues, Final Financial report
  • Closing down VP LUX at “Registre de Commerce et des Sociétés”
  • Closing down it-systems in VP LUX
  • Closing down physical facilities in VP LUX
  • Contact with other relevant authorities
  • Other

The objective is that VP LUX is completely closed down by end of 2018.

Questions regarding the close down can be addressed to VP LUX CEO Jan Stig Rasmussen at jsr@vplux.lu.