POL EXC NC Focus Segment Shares

Published on: Jul 2, 2025

On Jun. 27, POL EXC set new rules for NC Focus qualifying companies.

  • POL EXC introduced new rules for qualifying companies for the NC Focus segment.
  • Main Points
  • The changes consist in increasing the weight of market criteria and criteria supporting liquidity, shortening the time after which debutants can be qualified to this segment.
  • Increasing the required level of capitalization, introducing the criterion of the minimum level of free float and the obligation to trade at least 50% of all ordinary bearer shares.
  • The changes' aim is to support the liquidity of companies present in this segment and increase its elite status compared to other segments of the NewConnect market.
  • Companies whose shares are classified in the NC Focus segment will have the benefit of a coverage by the stock exchange's Analytical Coverage Support Program (PWPA).
  • The fifth edition of this Program will start at the beginning of Jul. 2025 with main goal to increase the availability of analyses for medium-sized, less liquid listed companies.
  • I.e., listed on the WSE Main Market and for the NC Focus segment and bond issuers from the Catalyst market, and consequently enable informed investment decisions.
  • Based on a reliable, independent source of information about the market and issuer.
  • Effectiveness
  • The first qualification according to the new rules will take place on Sep. 26, 2025.
Regulators
POL EXC
Entity Types
B/D; Corp; Exch
Reference
PR, 6/27/2025
Functions
Compliance; Market Conduct; Operations; Risk; Trading; Treasury
Countries
Poland
Category
State
N/A
Products
Corporate; Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Jun 27, 2025
Effective Date
Sep 26, 2025
Rule ID
260550
Linked to
N/A
Reg. Last Update
Jun 27, 2025
Report Section
EU