Changes in the Rules of the BSE-Sofia will allow for the trading of international securities on the local market.
The Financial Supervision Commission approved the Bulgarian Stock Exchange’s amendments to its Rules and Regulations to establish a new exchange market called BSE International. It is intended for foreign financial instruments that have already been admitted for trading in other EU Member States.
In an interview with local media, the CEO of the BSE-Sofia, Mr. Vasil Golemanski, underlined that the establishment of the BSE International market segment, a joint project of BSE-Sofia and Deutsche Börse, is part of the Strategy for Development of the Bulgarian Capital Market.
The new segment is expected to increase turnover on the Stock Exchange and provide an alternative for trading the listed securities. The settlement of the securities listed on BSE International will be facilitated by the Central Depository AD through its link with Clearstream. There are a few more administrative steps to be taken before the completion of the project and it is expected that the first listings on BSE International will be realised within a few months.