ARTICLE
25 November 2009

Reduction Of Fees Charged By The Cyprus Stock Exchange

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
In August 2009 the Cyprus Stock Exchange announced the abolition of online fees for the provision of information for customers’ orders transactions and balances of trading accounts.
Cyprus Finance and Banking

In August 2009 the Cyprus Stock Exchange announced the abolition of online fees for the provision of information for customers' orders transactions and balances of trading accounts. At the same time, fees charged by the Central Register and Depository for the clearing of transactions in securities listed in the Main Market were reduced from 0.03% to 0.025%. In addition, the lower rate of charge of 0.0075% for simple pre-agreed transactions in securities which are listed on the CSE or any other stock exchange will be applied to transactions in excess of €175,000 rather than the previous threshold of €600,000.

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