On Nov. 22, POL EXC issued changes and resolution to ATS regulations.
POL EXC issued a resolution and changed Alternative Trading System (ATS) rules.
Affects Regulations of the Alternative Trading System (Res 1249/2023).
Reasons for Amendments
Concerns the criteria for introducing financial instruments to the WSE ATS.
POL EXC made the changes following expectations of market participants in terms of increasing the security of investments on NewConnect and ASO Catalyst markets.
Focuses on criteria and requirements to introduce shares or bonds to the ATS.
Changes to increase value of required for a debut on NewConnect to PLN 2m, and increase the minimum number of unrelated minority shareholders to 25.
Adds restrictions on the introduction of founding shares to the NewConnect market.
POL EXC expands offer for issuers to include crowdfunding services in investment crowdfunding, which will be carried out by GPW Private Market S.A, starting 2024.
Effectiveness
The changes to ATS regulations will be in force from Jun. 1, 2024.
Regulators
POL EXC
Entity Types
B/D; Corp; Exch
Reference
Res 1249/2023, PR, 11/22/2023; Citation: Res 1249/2023;
