TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

CHANGES TO TSE RULES AND REGULATIONS

 

With regard to launch of trading in the Tallinn Stock Exchange 

(TSE) listed securities in HEX's trading system, the Management 

Board of TSE made the following amendments to TSE Rules and 

Regulations (Rules):

 

1. The Management Board amended chapters "Trading Rules" and "Rules 

for Clearing and Settlement of Stock Exchange Transactions " of the 

Rules. 

 

Provisions of the Rules where brought into compliance with the 

principles of the new trading system.

 

2. The Management Board amended chapter "Membership Rules" of the 

Rules.

 

Provisions of the Rules where brought into compliance with the new 

Securities Market Act stipulating the right for a foreign 

investment undertaking whose branch has not been registered in 

Estonia to provide cross-border investment services in Estonia. 

Hence, the 

circle of persons entitled to obtain TSE membership status has been 

increased in the Rules.

 

3. The Management Board renamed "Secondary List" to I-List.

 

Consequently, the list structure of TSE is similar to HEX list 

structure.

 

4. The Management Board amended article 1.3 of chapter 

"Requirements for Issuers" stipulating requirements for disclosure 

of company announcements. 

 

Issuers listed in the Main List are hereafter required to disclose 

company announcements in addition to Estonian language also in 

English language. Issuers listed in the I-List and Bonds' List are 

required to disclose company announcements of significant value, 

incl. financial statements and announcements related to the 

respective information, in addition to Estonian language also in 

English language.

 

Additionally, TSE recommends issuers to publish company 

announcements also in Finnish language providing the issuers' an 

opportunity to disclose the respective announcements via the 

Exchange's information system.

 

Issuers are required to disclose financial data in company 

announcements in Estonian kroons as well as in euros.

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All the aforementioned amendments are available on TSE Internet 

homepage under section "Rules and Regulations" (the English 

language translation will be added during this week).

 

The amendment will become effective on the day TSE starts using 

HEX's trading system.

 

Additional information:

 

Eva Palu

Head of Investor Relations Dept

Tallinn Stock Exchange

Tel: +372 64 08 800

e-mail: eva.palu@tse.ee