Prague Stock Exchange: Information From January Session Of The Exchange Chamber

At its January session the Exchange Chamber accepted the following decisions:

The Chamber approved changes in Tariff of Exchange Fees for the Year 2002. The new Tariff enters into effect on April 1, 2002 and responds to the Notice of the Ministry of Finance No. 105/2001 Col., on announcement of trades to the Securities Commission. The Chamber newly sets fees for block trades and implements fees for registration of block trades and settlement of block trades without separation of markets and type of security. It is change in conception of the PSE policy in area of fees. The current fees of the Exchange for block trades including also settlement will be divided into fees for registration (trading) and fees for settlement.
The Chamber approved changes in the Exchange Regulations in parts:
- Trading Rules
- Rules Governing the Automatic Trades
- Trading Rules Applicable to the Market for Shares and Bonds Supporting System (SPAD)
- Block Trades between members
- Settlement Rules and approved the new part of the Exchange Regulations:
- Block Trades of members with non-members registered on the Exchange
Changes in the Exchange Regulations enter into effect on April 1, 2002 and are caused above all by the No. 105/2001 Col. The changes include adjustment of requirements for instruction for conclusion of the trade and adoption of the new trades category . There are block trades between member and non-member of the Exchange concluded off the Exchange and subsequently and registered in the automated trading system of the Exchange.
The Chamber agreed to assignment of the Exchange membership and transfer of the PSE shares from the company Wood & Company, s.r.o., to WOOD Company Financial Services a.s., with effect from the date of entry to the list of shareholders.
The Chamber excluded the bond issue SPT TELCOM 11,3/04 CZ0003500787 from the Exchange market effective from February 4 for the reason of payoff beforehand.