More time given for BSE rules
respond to draft new listing regulations, the exchange's chief operating officer said yesterday.
"In order to have a set of regulations that is acceptable by all users the exchange has agreed to extend the public consultation period by one month so all users will have an opportunity to review the draft regulations,'' said Mr.
Greg Wojciechowski.
The public consultation period, set up for comments and requests, has been extended to August 25 from July 28.
Listed company directors and representatives, lawyers, accountants, professional administrators, investment advisers, brokers and fund managers last week attended a series of hour-long rules' seminars at the Bank of Bermuda's Compass Point branch.
The date was pushed forward, after many who attended the seminars said they wanted more time to review the draft rules, said Mr. Wojciechowski.
The draft regulations describe requirements which have to be met before securities can be listed on the Island's stock exchange.
The BSE released the draft set of proposed new listing rules earlier this month.
Under the proposed rules, companies listed on the BSE will have a grace period to comply.
There are also continuing obligations once a listing has been granted. Draft copies are available from the BSE.
