Regulated Market - 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 indefinite term – shall be calculated on the basis of capitalisation. For a Capitalisation of less than HUF 20,000,000,000, the maintenance fee is 0.05% of the Capitalisation. For a Capitalisation of more than HUF 20,000,000,000, for the portion less than HUF 20,000,000,000, the maintenance fee is 0.05% of the Capitalisation, for the portion more than HUF 20,000,000,000, the maintenance fee is 0.005% of the Capitalisation, but in any case at least HUF 3,000,000, and at most HUF 15,000,000,.
In the case of open-end investment funds with indefinite term the maintenance fee is 0.0114% of the Capitalisation for a calendar year.
Approval fee of ID
The Issuer shall pay HUF 200.000 as a fee for approving the Information Document.
The Issuer shall pay HUF 100.000 as a fee for registration to Xtend Market.
Listing maintenance fee
The amount of the maintenance fee is HUF 300.000 for every calendar year.
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.