Monday March 16 2015

News Source: Global Exchanges

Focus: Trading Rules

Type: General




The Hellenic Capital Market Commission (HCMC) has announced the approval of amendments to the Athens Exchange Regulations.

The amendments include the following:

  • After the existing paragraph 2 of Article 1.5.6 of the Rules, a new paragraph 3 will be incorporated : “3. Credit limit is not required in the case of prearranged transaction (Package) on the Securities Market, which is not subject to payment in accordance with the provisions of article 2.3.1. para. 5 of this Regulation.”
  • At the end of paragraph 5 of Article 2.3.1 the following paragraph shall be added – “The agreed upon transactions cleared in accordance with the Regulations of ATHEXClear…failure to timely settle a pre-agreed transaction shall result in measure proposed under Article 6.2.4”.
  • At the end of paragraph 5 of Article 2.6.3, the following paragraph shall be included: “And to set specific limits on particular cases agreed transactions cleared from ATHEXClear Article 2.3.1. Fri, the 5th “

The above amendments are now in force.

Click on the link above for further details.