The Cyprus Stock Exchange (CSE) has announced large reductions in fees and charges for services it provides, in order to maintain competitiveness in the market.
Online fees for the provision of information on customers' orders and balances of trading accounts have been abolished, and fees charged by the Central Register and Depository for the clearing of transactions in securities listed in the Main Market have been reduced from 0.03% to 0.025%. In addition, the lower rate of charge of 0.0075% for simple pre-agreed transactions in securities which are listed on the CSE and any other stock exchange will be applied to transactions in excess of €175,000 rather than the previous threshold of €600,000.
The CSE has also announced that the Law on the Newly-Developed Companies Market has received final approval and is expected to be published in the official Gazette and to take effect shortly.