Belgrade Stock Exchange (BELEX) announced amendments to its Tariff Regulations that will become effective as of 17 April 2015. According to the new conditions, the maximum cap for secondary trading with debt securities and other financial instruments (excluding shares and depository receipts on shares) will increase from RSD 3,500 to RSD 5,000 per order.
Consequently, transactions will be charged as follows:
• on Listing and Open Market: 0.1% of the transaction value, max RSD 5,000 per order • on MTF BELEX Market: 0.09% of the transaction value, max RSD 5,000 per order Additional changes relate to membership, admission and listing, market making activities, statistics and special reporting and will have an impact on issuers and BELEX members only
The document is currently available in Serbian only and the English version will be published on the website of BELEX (http://www.belex.rs/eng/) in the upcoming days.
Impact on investors: The maximum cap applicable to debt securities and other financial instruments (excluding shares and depository receipts on shares) secondary on-exchange trading will increase from RSD 3,500 to RSD 5,000 per order as of 17 April 2015.