STEP-Short Term European Paper


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APPLICATION DETAILS


The "STEP label" will acknowledge and signal the adoption of common standards. The project therefore creates a de facto integrated pan-European market for short-term securities. This has been achieved within the existing legislative and regulatory frameworks, which currently prevail at national and European.

In order to apply for the STEP label for the programme, the duly authorized person(s) to represent the Issuer shall submit the following documents in English to the Secretariat:

  1. an application form, as set out in Annex 3 (p. 22 - "Form of Application for the STEP Label),
  2. the Information Memorandum, as set out in Annex 4, with its appendices (p. 23 to 26 - "STEP Standard Information Memorandum") and
  3. a declaration of adherence to the STEP Market Convention, as set out in Annex 5 (p. 27 - "Declaration of Adherence of the Issuer to the STEP Market Convention").

The duly authorized person(s) to represent the Issuer shall send the electronic versions (pdf format) of the above-mentioned documents to:application@step-market.org with the

  • email Subject starting with: “Application for a STEP Label: Name of the programme - Issuer Name” and;
  • email body containing: Name of the issue - Description of the issue - Contact person: his/her name and his/her complete contact details.

Please be ware of the size limit imposed to the STEP Secretariat mailbox: 10 MB. In order to have smaller file size, please follow these instructions: When creating a pdf, set the pdf printer settings on “smallest file size” (Go in the settings of your pdf printer).

Label applicants may request assistance from the application@step-market.org prior to submitting their application.

Two phases of processing:
1. Acknowledgement: SC will acknowledge receipt to the issuer within 3 (three) business days from the date on which the application was received.
2. Labelling: The complete STEP labelling procedure will take a minimum of 13 (thirteen) business days from the date of the acknowledgement. If the label is granted, the STEP directory will be updated accordingly. If the accreditation is attributed, our directory will be updated accordingly.

REMARK: The STEP label does not imply anything as to the creditworthiness or financial soundness of the issuers or the liquidity of the assets, nor as to the accuracy of the information provided.

 

STEP takes reasonable measures to ensure the quality and accuracy of the information on this Website. However, STEP cannot be held liable in any way for the inaccuracy or incompleteness of any information that is available on or through this Website. In addition, none of the Parties can in any way be held liable or responsible for the content of any Website linked to this Website.