In order to be admitted to trading on the Regulated Market, all financial instruments have to be registered with the Romanian Financial Supervisory Authority (FSA), transferable, issued in a dematerialized form, fully paid and registered into an account. Shares must belong to the same class.
Requirements for admission to trading on the Regulated Market
|| ≥ EUR 40 mn*
|| ≥ 25%**
|Shareholders equity for the last financial year or anticipated capitalization
||≥ EUR 1mn
* If the free- float requirement is not met, an issuer may seek admission in Premium Category, shares, if there is a signed contract with a market maker to support the market liquidity of shares issued or if there is at least one registered market maker for the respective shares.
** The condition may be not met if BVB considers that normal market operations can be performed with a smaller percentage of the free - float, or if the shares are distributed to the public through trades done through BVB.