Admitted to the BCSE’s trades securities consist of listed and unlisted securities.

There are the following kinds of quotation lists:

  • First Level Quotation List A;
  • Second Level Quotation List A;
  • Quotation List B;
  • Unlisted securities
  •  

Requirements to Issuers to be admitted to circulation and placement at the BCSE

 

 

Quotation list A of the first level

Quotation list A of the second level

Quotation list B

Unlisted securities

Access initiator

Issuer

Issuer

Issuer

Stock Market Member  

BCSE

Issuer

Stock Market Member  

BCSE

Common requirements

  • The securities should be issued & registered in accordance with Belarusian legislation ;
  • For securities issuers – non-resident –  admission to circulation in Belarus in accordance with Belarusian legislation;
  • Compliance with requirements for Issuer established by Belarusian legislation for information disclosure in the securities market. Annual publication of annual balance by JSC operating one year and more in print mass media  

Period of Issuer’s activity

No less than 3 years

No less than 1 year

Isn’t set up

Isn’t set up

Number of shareholders

No less than 1000 (for equities only)

No less than 500 (for equities only)

Isn’t set up

Isn’t set up

Make-out requirements

Damage absence during any 2 of last 3 years (in case of issuer’s lifetime less than 3 years – during the whole period of his existence)

Isn’t set up

Isn’t set up

Cost of issuer’s net  assets

No less than 10 million euros

No less than 1 million euros

Isn’t set up

Isn’t set up

Equity capital (for banks)

No less than 25 million euros

No less than 25 million euros

Isn’t set up

Isn’t set up

Equity capital  (for non-bank credit and financial organizations)

No less than 25 million euros

No less than 1 million euros

Isn’t set up

Isn’t set up

Quantity of shares belonging to one shareholder

No more than 75% of issuer’s registered securities, with the exception of state shares 

(for equities only)

Isn’t set up

Isn’t set up

Isn’t set up

 

Professional consulting:
Customer Services Department  

e-mail: Kadushko@bcse.by

mail:  48a, Surganova str., room 212,
Minsk, 220013

BELARUS


Tel. 375 (17) 306 34 70