Romanian Listed Companies Can Issue Certificates Of Deposits Tradable In Other European Union Capital Markets

UniCredit Bank S.A.
Summary: 
Financial Supervisory Authority (FSA) approved the amendments in the legal norms in order to expand the possibility of issuing certificates of deposit for all Romanian listed issuers.
Tue, 11/11/2014

FSA Board approved on 5th of November 2014, the amendments necessary to enlarge the possibility for issuing certificates of deposit for all listed Romanian issuers. Following this decision, all companies listed on the capital market in Romania are admitted to trading in other European Union member states, through certificates of deposit (indirect listing).

Prior to these changes, certificates of deposit could be issued only by companies which were to be first admitted to trading on a regulated market in Romania.

Impact on investors: Financial Supervisory Authority approved the regulation stating that a company already listed on Bucharest Stock Exchange can have shares traded on other exchanges by issuing certificates of deposit.