Stock exchange entry criteria to be unveiled

Deputy Finance Minister Maung Maung Thein has said that the Ministry of Finance will release the entry criteria in the first week of August for firms looking to register on the stock exchange.

The rules will be available at the Securities and Exchange Commission.

“There are international standard criteria among the list we will be producing and, since it’s about three pages long, it is not convenient to publish it in newspapers. So it will only be available at the office,” said Maung Maung Thein.

The office has already established that stock exchange licences for companies will cost Ks15-30 million, Ks15 billion will be charged for an underwriting licence, Ks10 billion for a dealer Licence, Ks7 billion for a broker licence and Ks30 million for a consultant licence.

Although the stock exchange was expected to be open by October, delays are expected as it is close to the November 8 election.

Source: Eleven

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