FEDERATION OF EURO-ASIAN STOCK EXCHANGES > YEARBOOK 2002/2003 > PAGE 83
UKRAINIAN STOCK EXCHANGE
Trading
Days
Hours
Market segmentation
System
Mechanisms
Market-maker/specialists
Instruments
Currency
Real time information
Clearing & Settlement
Monday-Friday
11:00-17:00
Primary and secondary markets
Automated, depository link, data dissemination,
reporting facilities, WAN
Simple & double auctions, price fixing
No
Stocks, bonds, state treasury notes
Local
Last price, last volume, total volume, listed company
announcements
Structure & Regulations
Legal
Regulation
Securities market regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection
Yes
T+5
Yes
Physically
Transaction by transaction
Yes
Yes
No
No/yes
Banks and others
Foreign Participation
Not-for-profit company
Self
Regulatory Institutions, the Exchange and
market participants jointly
Exchange, government institutions
No
Centralized
Yes
Yes
Foreign investors
Investment limitations
Repatriation
Restricted
No limitations
No
Volume by Type
Taxes
Cash dividends
Interest income
Capital gains
Central depository
Period
Registered
Settlement
Clearing
DVP
Clearing institution
Risk sharing
Margin/lending
Custodians
n/a
n/a
30% local investors
28%
72%
Stocks
Other
Minimum Listing Requirements
Requirements
Minimum assets
Last fiscal year income (or summary income for the last 3 years)
# of issued shares (with nominal price under 0.25 UAH)
# of shareholders holding 100 shares and more (or total # of shareholders)
Official* (K-1, K-2, K-3)
Euro 400,000
Euro 80,000 (Euro 220,000)
1,000,000
2,000 and more (not less than 2,200)
* Securities' distribution occur according to parameters of financial & economic activity of issuers.
Free Market
n/a
n/a
n/a
n/a