Andmed seisuga: 25.08.2024 16:12 (GMT+3)
Tallinna Börs NEWS RELEASE 04/03/2003
CHANGES TO TSE RULES AND REGULATIONS
On March 25, 2003 new wording of chapter "Listing Rules" of the Tallinn Stock
Exchange (TSE) Rules and Regulations (Rules) became effective. The main
objective of the changes is to further listing of bonds. Changes to the Rules
were as follows:
- The requirement for maximum nominal value of debt securities (1,000 kroons)
was cancelled. Proceeding from the new provision nominal value of debt
securities submitted for listing has to be either in Estonian kroons or euros.
- The definition of programme security was extended: 12-month temporal
restriction was replaced with 60 months. Hence, for the purposes of the new
wording, programme securities are term securities issued under a securities
programme approved by a resolution of the issuer within 60 months (previously
12 months) after adoption of the resolution on the basis of and in accordance
with the terms and conditions provided in the programme.
- With regard to extension of temporal restriction for issue of securities
programme an issuer is required to submit supplementary particulars of the
programme securities containing updated information submitted in listing
particulars in full amount if more than 12 months have passed from the
adoption of the decision on conditional listing of programme securities.
- If the securities issued within the framework of the Issuer’s programme
have been listed on the Exchange the Issuer is required to publish updated
listing particulars every 12 months after listing of programme securities.
New wording of the TSE Price List became effective as at beginning of March.
The main objective of the changes to the Price List is to promote Estonian
bond market development as well. Therefore, the admission fee has been fixed
on former minimum level, and quarterly fee for a bond issuer has been reduced
by 50 percent. Additionally, the fee for transaction with bonds has been
reduced, now fixed on 30 kroons (for each transaction side).
New wordings of the Rules and Price List with aforementioned amendments will
be available on HEX Tallinn Internet homepage, under section "Amendments to
the Rules and Regulations" of "TSE Rules and Legislative Acts".
Tallinn Stock Exchange
Market Services
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