Changes in BELEX Rules on Listing

Serbia
UniCredit Bank Serbia JSC
Summary: 
Belgrade Stock Exchange has amended and supplemented its Rules on Listing
Tue, 13/02/2018

 

Belgrade Stock Exchange (BELEX) published Amendments and Supplements to the Rules on Listing. The changes focus on the liberalisation of certain listing requirements, among which:

  • the minimum amount of issuer capital for Prime Listing has been reduced from EUR 20 million to EUR 3 million
  • the minimum amount of issuer capital for Standard Listing has been reduced from EUR 4 million to EUR 2 million

With respect to the reports, information, decisions and all other data published on the website of BELEX, in the future this will not be limited to information provided by the issuers pursuant to the Rules on Listing only, but will also include reports, information and other data provided to BELEX by other entities on the basis of the obligations set out by the Capital Market Law.

The new Rules on Listing are currently available in Serbian only, the English version is expected to be published on the website of BELEX in the coming days.

The amendments and supplements to the Belgrade Stock Exchange Rules on Listing will become effective as of 19 February 2018.

 

Impact on investors: 

The new listing rules will provide more flexible conditions for admission to trading on BELEX and as well as ensure publication of the information that different entities are obliged to submit to the regulated market in line with the Capital Market Law.