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The Regulation on the juridical statute of the stock that are traded on the RASDAQ Market

In the Official Gazette of Romania, Part 1, no. 870 of 29th December 2014 was published the Regulation of the Authority for Financial Surveillance no. 17/2014 on the juridical statute of the stock traded on the RASDAQ Market or on the unlisted stock market.

The Regulation provides rules and procedures on the juridical statute of the stock traded on the RASDAQ Market or on the unlisted stock market, according to the provisions of the Law no. 151/2014 on the clarification of the juridical statute of the stock traded on the RASDAQ Market or on the unlisted stock market.

According to the provisions of the Law no. 151/2014, the activity of the RASDAQ Market and the unlisted stock market will cease de jure 12 months after the regulatory document will have entered into force.

The Regulation includes:

  • rules concerning the admittance to trade on a regulated market/ alternative transaction system;
  • rules concerning the stockholders’ right of withdrawal.

:: The source: JURIDICE.ro

Alexandra DOBRIȘAN

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