The new rules of the Zagreb Stock Exchange, which will come into effect in a week, will, among other things, allow listing on the regulated market without the issuer’s consent under conditions specified by law and regulations, while the foreign and domestic multilateral trading platform (MTP) will be replaced by a new MTP structure, and the trading hours of the Exchange will be extended to 4:30 PM.
The Zagreb Stock Exchange reminds that the new rules were approved by the Croatian Financial Services Supervisory Agency (Hanfa) at the end of last week.
The new rules will apply from next Monday, September 16, the Exchange announces, noting that the new trading hours will begin to apply one month from the date of entry into force of the new rules.
Among the innovations brought by the new rules, the Exchange highlights the possibility of membership through remote access, as well as the distinction between the roles of specialists and market makers depending on the type of security for which liquidity support is provided (equities or structured products).
According to the new rules, the foreign and domestic multilateral trading platform (MTP) will be replaced by a completely new MTP structure, which will be divided into three segments (MTP – Alter, MTP – Fortis, MTP – X) with different conditions for the admission of financial instruments to trading as well as obligations after admission, in order to facilitate the admission process and motivate companies to raise the necessary capital through the exchange.
