Thu, 03/03/2016
The Belgrade Stock Exchange has amended its basic exchange regulations. By Dragana Stijelja, Junior Corporate Actions and Tax Specialist, GSS Serbia
A number of amendments to the Belgrade Stock Exchange Regulations entered into force on 8 January. They affect the business operations framework, tariff regulations, the listing rules and other general guidelines.
Major changes to the Rules of Business Operations include:
- Introduction of the new SMART listing to the Regulated Market for shares and depository receipts on shares.
- Exclusive inclusion in the Prime Listing for long term debt securities issued by the Republic of Serbia and the National Bank of Serbia, without the need to fulfil conditions regulated by this Rulebook.
The Tariff Regulations’ amendments include the following fee schedule:
- Block Transaction Fees for trading on MTP, for securities and depository receipts on shares: 0.12%.
- Transaction fee on MTP Belex for shares and depository receipts on shares: 0.10%
- Transaction fee on MTP Belex for debt securities and other financial instruments: 0.10%
- Fee for admission and listing on SMART listing, on the regulated market, for shares and depository receipts on shares: RSD 145,000
- Annual fee for SMART listing, for shares and depository receipts on shares: 0.02%, but not less than RSD 100,000, nor more than RSD 200,000