FEES FOR TRADING ON THE EXCHANGE AND FOR REPORTING OF INFORMATION ON TRANSACTIONS CONCLUDED OUTSIDE THE REGULATED MARKETAs of 01.01.2011
Detailed description of the fees of BSE-Sofia is available in the Tariff of fees collected by Bulgarian Stock Exchange – Sofia AD (the Tariff). The fees described below except the cases pursuant to Art. 25 (2) and (3) of the Tariff shall be due from each of the investment intermediaries which is party to the executed orders, including cross transactions. The fees do not include VAT.
|Type of instrument||Executed order value||Fee|
|Shares and depository receipts on shares|
BGN 50 000 000
|0.075% of the value of the executed order, but no less than BGN 1||Example|
BGN 50 000 000
|BGN 37 500 + 0.0375% of the excess over BGN 50 000 000||Example|
|Bonds and depository receipts on bonds||0.01% of the value of the executed order, but no less than BGN 1||Example|
|Structured products||0.075% of the value of the executed order, but no less than BGN 1||Example|
|Compensatory Instruments||0.03% of the value of the executed order, but no less than BGN 1||Example|
|Shares and Units of CIS||0.03% of the value of the executed order, but no less than BGN 1||Example|
|Rights||0.03% of the value of the executed order||Example|
|Purchase of shares listed on the Privatisation Market||0.2% of the value of the executed order||Example|
|Sale of shares listed on the Privatisation Market||0.2%* of the value of the executed order||Example|
|Shares purchased at a Remote Public Auction||-|
|Shares purchased at a Centralised Public Auction||-|
|Reporting of information on transactions in financial instruments, admitted to trading and their reversal, when concluded outside a regulated market||BGN 5.00 per transaction||Example|
For market makers
Once every month, not later than the 10th day of the current month, the Exchange shall check the extent to which the market makers concerned fulfilled its obligations as such during the last preceding calendar month. If as a result of the check no breaches of the requirements for the activity of the market maker concerned are ascertained, the Exchange shall remit the said market maker the amounts paid in transaction fees in connection with the activity thereof as market maker of the financial instrument concerned.
In these cases, in addition to the fees paid in transaction fees, the Exchange shall reimburse the relevant market-maker of shares or structured products with 0.015 (zero point zero fifteen per cent), but not less than BGN 1 (one) and no more than BGN 7 500 (seven thousand five hundred) of the value of each order.