GSS Newsletter January 2016 - Issue 177

Dear Clients, Partners and Friends,

Spring weather at Christmas, ski slopes edged by lush green, above-zero degree temperatures on the North Pole – the holiday season came in pretty unconventionally here in Europe; a perfect reason to examine old habits and push the reset button where necessary.

What remains constant, however, is our commitment to serving our customers at the best possible level. We wish you a great start into the new year and look forward to an exciting 2016 together with you!

In the name of UniCredit’s entire GSS Team,

Sven Trahan
Head of Global Sales & Relationship Management GSS


Supervisory fees
Remote brokers and other market users in Poland have to contribute to the supervision system. By Kamil Polak, Head of Relationship Management, GSS Poland
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Legislative package
Updates to Bulgaria’s tax legislation have implemented FATCA, CRS and EU directives. By Kristina Spasova, Relationship Manager, GSS Bulgaria
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New beginning
The new owner of the Budapest Stock Exchange replaces both management and strategy. By Gabriella Kopházi-Tóth, Senior Relationship Manager, GSS Hungary
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Bookkeeping transfer
The Ukrainian banking system has moved to International Accounting Standards. By Katherine Yevtushenko, Relationship Manager, GSS Ukraine
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Annual meeting
Location heads from all countries on the map of UniCredit GSS gathered for their yearly strategic meeting. By Andrea Kárpáti, Head of Secretariat, GSS Hungary
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Market news

› Austria
The Vienna Stock Exchange reported a year of solid developments. Trading volumes surged 24.3% and the leading index ATX gained 11.2% in 2015


› Bosnia and Herzegovina
As of 2016, the FBiH securities market switched from a T+3 to a T+2 settlement cycle, thus observing the new CSD Rulebook on clearing and settlement


› Croatia
After the second round of its capital increase, the Zagreb Stock Exchange fulfils the requirements regarding the acquisition of the Ljubljana Exchange


› Russia
The State Duma approved amendments to the Russian banking legislation, introducing investment limits in the Russian banking sector


› Russia
The threshold that obliges shareholders to make a mandatory tender offer in Russia may change


Real time trading information from the Kazakhstan Stock Exchange is now available on Thomson Reuters and Bloomberg terminals


Fitch has adjusted Mongolia's long-term foreign and local currency issuer default ratings to 'B' from 'B+' and revised the outlook to stable from negative


Market statistics

› Austria        › Bosnia and Herzegovina        › Bulgaria        › Croatia        › Czech Republic        › Hungary        ›         › Romania        › Russia        › Serbia        › Slovakia        › Slovenia