Fees - Securities Issued for an Unlimited Term
Regardless of the category involved, Issuers shall pay fees to the Exchange as
provided in the rules set forth below.
Equities and Other Securities Issued for an Unlimited Term
Initial listing fee
Issuers are not obliged to pay a fee for listing Equities and Other Securities
Issued for an Unlimited Term.
Listing maintenance fee
The Issuer of a listed securities series shall pay a maintenance fee for having
the series quoted on the Exchange.
The maintenance fee payable by an Issuer – with the exception of issuers of open-end
investment funds with unlimited term – shall equal to the sum of the fees specified
in the Tables set forth below, made on the basis of capitalisation.
Amount of the annual listing maintenance fee based on capitalisation:
|
Capitalisation (HUF)
|
Amount payable (HUF)
|
|
1 -1,000 000,000
|
1,250,000
|
|
1,000,000 001 – 5,000,000,000
|
2,550,000
|
|
5,000,000,001 – 10,000,000,000
|
3,800,000
|
|
10,000,000,001 – 15,000,000,000
|
5,050,000
|
|
15,000,000,001 – 20,000,000,000
|
6,400,000
|
|
20,000,000,001 – 25,000,000,000
|
7,600,000
|
|
25,000,000,001 – 50,000,000,000
|
8,900,000
|
|
50,000,000,001 – 75,000,000,000
|
10,100,000
|
|
75,000,000,001 – 100,000,000,000
|
11,450,000
|
|
100,000,000,001 -
|
12,650,000
|
In respect of open-end investment funds with unlimited term, the annual fee for
continued trading represents 0.01% of capitalisation.
Calculating capitalisation as a percentage value
Capitalisation shall be calculated four times a year, following the current quarter.
For each Exchange day of the current quarter, the amount of capitalisation shall
be the simple mathematical average of daily capitalisation data established as
a product of multiplication of the given day’s Average Price and the listed number
of securities.
The Average Price applicable for the establishment of capitalisation is the Average
Price weighted by turnover. If such Price does not exist on the given day, then
the last Average Price, established according to the above, shall be applied.
Should the listed quantity change as a consequence of a splitting or contraction
of shares, from that day onward until the first transaction with the security
of a changed face value, the last Average Price used in calculating the fee shall
be modified proportionately to the split or the contraction.
In the event that no transaction has been made on the given securities since
the securities were listed, the face value of the securities shall be applicable
instead of the Average Price.
