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The Exchange Chamber of the Prague Stock Exchange adopted on 23 May, 2007 a new structure of the regulated exchange market that consists of merging the current main market and the secondary market.
The new structure reflects above all the so called major amendment of the Act on Undertakings on the Capital Market that will incorporate Directive 2004/39/EC of the European Parliament and Council (MiFID) resulting in the establishment of two exchange markets, the regulated and the official markets.
The merger of the markets will take effect on 1 July, 2007 meaning that companies traded on the secondary market will be transferred to the main market as of that date. The merged main and secondary markets will be titled the “main exchange market".
The change in the market structure will not affect the official free market that will remain in its current form.
With respect to the resolution on merging the main and the secondary markets the Exchange Chamber adopted an amendment to Section III of the Exchange Regulations, “Conditions for admission of a security to trading on the main market of the Exchange”, the Fee Schedule and the (Price) Tariff of Exchange Fees for 2007.
The conditions for admission, the disclosure duty and the
Price Tariff for companies on the main market remain
unchanged.
