Bring out the differences between Bourse de Luxembourg (BdL market) and Euro MTF Market.

Feature BdL market (Bourse de Luxembourg) Euro MTF market Regulatory Status EU-regulated market Exchange-regulated market Prospectus Approval Authority The CSSF, Luxembourg's supervisory authority, is in charge of prospectus approval. The Luxembourg Stock Exchange is in charge of prospectus approval. European Passport Eligible for a European passport. No European passport provided. Directives Applicability Entry for issuers is subject to the Prospectus and Transparency Obligation Directives. Outside the scope of the Prospectus and Transparency Obligation Directives. Financial Reporting Standards Issuers subject to International Financial Reporting Standards (IFRS), or an equivalent, for non-EU issuers. Financial reporting is in line with IFRS. However, other accounting standards, such as Generally Accepted Accounting Principles (GAAP), are accepted.