CYPRUS STOCK EXCHANGE MARKET

EMERGING COMPANIES MARKET (ECM)

The Emerging Companies Market (E.C.M) is considered as a Multilateral Trading Facility (MTF) according to “the provision of Investment Services, the exercise of investment activities, the operation of regulated markets and other related matters” Law 144(I)/ 2007. The E.C.M. operates according to the Regulative Decisions adopted by the CSE.

The Securities and Exchange Commission supervise the issuers regarding the publication of a prospectus, if required. In addition the Securities and Exchange Commission supervise the CSE as a market operator which operates a Multilateral Trading Facility (MTF).

The market is characterised as unregulated and therefore it does not come under the mandatory provisions for regulated markets which impose strict listing requirements and continuous obligations.

Shares, corporate bonds and the derivatives of these titles such as Warrants, Rights, and Convertible Bonds are traded in the Emerging Companies Market. Corporate Bonds are traded in their own market which is called “Emerging Companies Bond Market”. view website