On 29 December 2022, Securities Commission approved new general acts of BELEX harmonized with the new Capital Market Law that is to be implemented as of 5 January 2023:
• Articles of Association
• Rules of Business Operation
• Tariff Regulations
• Rules on Listing
In accordance with the new Rules of Business Operation (Rules), BELEX made a decision to segment securities in the following way:
• Securities listed on the Prime Listing until 9 January 2023, will remain listed on the Prime Listing of the Regulated Market;
• Securities listed on the Standard Listing until 9 January 2023, due to the cancellation of a given segment of the Listing, will be considered included and listed on the Prime Listing;
• Securities included on the Open Market or MTP on 9 January 2023 will be classified on the MTP BELEX if the security was marked with the special symbol "BI" (without the Profile about the issuer) on 20 December 2022. Otherwise, it will be classified on the Open Market.
New Tariff Regulations are affecting BELEX members and local issuers trough introduction of new fee categories and increased fee amounts.
The new acts of BELEX shall enter into force on 9 January 2023.
Clients may be informed about potential impact on their business after comprehensive analysys of the new general acts of BELEX.
Impact on investors: Starting from 9 January 2023, securities on BELEX will be classified into segments of the Regulated Market and MTP according to the criteria established by the new Rules of Business Operation, which are harmonized with the new the new Law on Capital Market.