The National Securities and Stock Market Commission (NSSMC) improved the procedures of admission of securities for trading at exchanges.
The regulator decided to improve the activities of exchange platforms and regulate the procedure of admission of the issuer’s securities to the stock exchange at its meeting on May 3, NSSMC’s press office reports.
According to the decision, the owners of securities of “large enterprises” and public joint stock companies obtain the right, upon their own initiative, to include such securities in the exchange list by providing the respective offer to the stock exchange provided that the aggregate cost of securities package, offered for sale, is not less than UAH 5 mln.
In this case, the stock exchange informs to the issuer in writing about obtaining the offer and including the securities in the exchange list (specifying the date of inclusion), the regulator reports.
In case of obtaining the offer on including in the exchange list the securities of the issuer, which is not the public company or is not categorized as “large enterprise”, the stock exchange sends it the information about obtaining the offer on including issuer’s securities in the exchange list.
The commission notes that only after obtaining the written consent of the issuer, the exchange may include securities in the exchange list.
