Cyprus Stock Exchange announces fee reductions

The Cyprus Stock Exchange (CSE) has announced significant reductions of its fees and other charges for various services it provides.

The CSE announced, inter alia, further reductions in the fees for Central Register and Depository and in the charges for the simple pre-agreed transactions.

The new reductions were announced in the framework of CSE efforts to adjust to the newly formed conditions and they aim to straighten its competitiveness.

CSE new tariff policy includes, inter alia, reductions in the fee for the Central Register and Depository for the clearing of transactions from 0.03% to 0.025% for the securities listed in the Main Market.

Additionally, regarding the variable charge for the simple pre-agreed transactions in securities which are listed on the CSE and any other stock exchange, it has been decided that the lower fee of 0.0075% will be applied as of July 27 for transactions exceeding 175,000 euro instead of transactions exceeding 600,000 euro.

Furthermore, the online fee for the provision of information for customers’ orders transactions and balances of trading accounts has been abolished. The CSE has also announced more changes in its tariff policy regarding services offered by the Clearing Service for Central Register and Central Depository issues.

The aforementioned changes will be effective 15 days after they are published in the Gazette, namely July 10.

Meanwhile, the Cyprus Sock Exchange has also announced that it expects the publication in the Gazette of the Law on the Newly-Developed Companies Market, which has been recently approved.