Premium and standard tiers from January 5, 2015 on BVB’s regulated market

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Starting January 5, 2015, a new market segmentation will come into force, by replacing the I, II and III Tiers of Bucharest Stock Exchange (BVB) with the Premium and Standard Tiers.

The Financial Supervisory Authority (ASF) recently approved the proposals to amend BVBs’ regulations, so the new concept, which takes into account the liquidity of the shares or the potential liquidity, on principles similar to those of BVBs’ indices system, can be implemented, a press release informs.

“The new segmentation will contribute, together with all other changes implemented in 2014, ?to a better identification of equities traded on the BVB’s Main Market. It is a good step for the companies and for investors. But it also gives a better picture of the market for all potentially interested parties, and has some instruments embedded, aimed at the higher quality of investors’ relations”, Ludwik Sobolewski, BVB CEO stated.

This new segmentation of the regulated market is part of a package of measures adopted by BVB with the objective of increasing issuers’ visibility, liquidity and market efficiency, thereby contributing to the common objective of local capital market stakeholders – the upgrade from Frontier Markets status to Emerging Markets status.

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