Thursday May 26 2016
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Hungary
Link: http://bbj.hu/economy/budapest-stock-exchange-sees-authority-broadened-by-parliament_116606
It has been reported that the Hungarian Parliament has voted to approve amendments to the laws regulating financial intermediaries on the Budapest Stock Exchange (BSE). Additionally, the authority of the BSE has been broadened to all the institutions to provide professional advisory services to companies wishing to list on the stock market, offering them more information and easing the process.
Under the approved modification, the stock exchange is now entitled to operate platforms that support fund-raising from capital markets. Furthermore, amendments also grant the BSE the right to block the listing or suspend the trading in shares of companies if they do not have a good track record.
Click on the link above for further details.