Supervisory Board of the Ukrainian National Securities Depository (VDTSB) at a meeting held on October 1, 2009, approved tariffs, which will operate the joint depository, the press service VDTSB. VDTSB will act on Tariffs OJSC Interregional Stock Union (MFS), but significantly reduce the tariffs for services that are associated with the transfer issue of shares in paperless form of existence, and the services associated with the operations of custodians in the market exchange applications.
significantly reduced tariffs for services that relate to the operations of the transfer of securities and money market exchange applications. Minimum rate decreased from 1 UAH to 1 cop. According to experts Ukrainian stock exchanges, such a reduction would reduce the minimum lots Exchange trading, which, in turn, will attract more individuals.
While tariffs approved by the Supervisory Board VDTSB, but at the moment is the formation of the Council members VDTSB which provision was approved Sept. 10, 2009 decision of the general meeting VDTSB. This body is created in VDTSB by analogy with the depositary MFS. Following completion of the formation of the Council members, the rates approved by the Supervisory Board, will be submitted for approval by the Council members.
I am confident that the decision of the Supervisory Board VDTSB significantly reduce the costs of issuers to transfer the shares in issue paperless form of existence, which will accelerate this process in general. This is for the benefit of both issuers and professional participants of the stock market, - noted Acting Chairman of the Board VDTSP Yuri Shapoval.
tariffs on other depository operations, it was decided that there will be a tariff MFS valid at the time of unification.
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