Listing - is derived from the English word list (ie, a "list"), which means that someone or something is marked as having preferences or access to some operations as a result of compliance with certain requirements.Listing procedure is most commonly associated with the stock market, but it exists almost everywhere.For example, a retailer can identify a list of suppliers that will bring goods for sale in his shop.
Listing securities exchange is usually performed.For example, at the Moscow stock exchange to several times a year goes by updating the rules governing the process.Terms of the meeting are treated as shares of companies and in bonds of organizations, municipalities, the Bank of Russia and others.
Listing - it is a complex procedure that starts with finding out what corresponds to whether a particular security is established requirements.Among them are: a registered prospectus registered with the government report on the issue, compliance organization issuing shares or bonds, etc., The legislation of the Russian Federation (in the field of securities, the required disclosure and so on. N.).
For some issuers listing - a process accompanied by a provisional handover of the securities in a specific (calculated) depository (for certain types of shares and corporate securities) issuance of a global certificate (for municipalities, sub-federal and state versions).
Listing on the stock exchange is based on an application and a set of documents, which includes including the text of the decision to issue securities (in registered form), the form, the document is about the size of the net assets of the organization, which has provided a guarantee (for manufacturedbonds), proof of the contractual relationship between the Exchange and the issuer for admission to trading, the list of affiliates and more.
Listing - a short-term process, but on the condition that all required documents are true.The resulting set of organizations considered by the authorized department of the Exchange, and then, within 10 working days (for non-listed bonds, this period is reduced to 5 working days) a decision on introducing a security in one or another section of the list.
At the Moscow Stock Exchange today, there are seven quotation sections to get into each of which is required to comply with strict statutory requirements (securities admitted for placement, subsections A (first level), A (second level), B, C, UnlistedPaper).
fact that the security was listed, does not mean that she will have him indefinitely.The same body may prepare an opinion exchange on exclusion, in particular if:
- all securities of this type are repaid (such as bonds);
- if the issuer has ceased activity (bankruptcy, etc.):
- if you obtain a judgment or order to the state body;
- if the issuer violates or fails to comply with applicable laws and others.
addition, allow the exclusion of securities from the listing of the relevant section of the translated them into non-listed status.
