Nicos Tripatsas

Acting General Manager

Address 71-73 Lordou Vironos Avenue, 1096 P.O.BOX 25427 Nicosia 1309 Cyprus
Telephone +35722 712300
Email info@cse.com.cy
Contact Person Michalis Michael
info@cse.com.cy

FEAS Membership Status Full member: Joined FEAS in 2016
Website www.cse.com.cy

The Cyprus Stock Exchange was established as a legal entity in the form of a public corporate body under the Cyprus Securities and Stock Exchange Laws and Regulations which were passed by the House of Representatives in 1993 and 1995, respectively. The first trading session on the Cyprus Stock Exchange was held on March 29, 1996.

The Stock Exchange currently operates a Regulated Market and a Market in the form of Multilateral Trading Facility ( the ‘Emerging Companies Market’), which operate under the Cyprus Securities and Stock Exchange Law and the Investment Services and Activities and Regulated Markets Law (MIFID). Main participants of the Stock Exchange are the Members of the Stock Exchange (brokerage offices), listed issuers and investors.
Additionally, in accordance with the Securities and Cyprus Stock Exchange (Central Securities Depository and Central Registry) Law, the Stock Exchange has the responsibility for the establishment and management of a Central Depository and Central Registry (CSD). Securities listed on the Cyprus Stock Exchange are registered in the CSD and also unlisted securities, whose issuer wishes the maintaining of the registry by the Cyprus Stock Exchange.

RegulatorThe Cyprus Securities and Exchange Commission
Instrument ListShares/ Warrants/ Rights/ Corporate bonds/ Government bonds/ Treasury bills/ Investment funds and GDRs
Trading Hours/SessionsMain Market10:15 – 17:20
Alternative Market10:15 – 17:20
Global Depositary Receipts10:15 – 17:20
Surveillance Market10:15 – 17:20
Corporate Bond Market10:32 – 17:20
Government Bond Market10:32 – 17:20
Non-Regulated Markets10:15 – 17:20
Order TypesMarket Order/ Limit Order/ At The Ope/ At the Close/ Stop/ Immediate or Cancel/ Fill or Kill / Good For Day/ The Good Till Date/ The Good Till Cancel
SpreadsMain Market/Alternative Market/Surveillance MarketThe first price fluctuation range shall be +10% or -10% of the security’s starting price (reference price).
In case buy orders at limit up or sell orders at limit down remain unmatched at best bids/offers for 15 continuous minutes of the hour, the daily fluctuation range extends to +20% or -20% respectively of the starting price.
Global Depositary ReceiptsThe Global Depository Receipts trading price ranges in the same potential percentage as the daily fluctuation price limit of the underlying security at the market traded primarily, unless the CSE Council decides otherwise. This percentage will be published with their listing for trading at the CSE.
Corporate Bond Market/Government Bond MarketThe first price fluctuation limit will be + 30% or -30% from the starting price (reference price) If buy orders on the ceiling price or sell orders on the floor price remain unexecuted at the best buy or sell prices for 15 consecutive minutes, the daily price fluctuation limit is extended to + 60% and -60% respectively from the starting price.
Non-Regulated MarketsIn accordance with the rules are the same as the regulated market
Margin Buying/Short SellingYes
OTCYes
Settlement TypesDVP
Settlement CycleT+2
Settlement CurrencyEuro
Clearing/NettingYes
Cross-border TransactionsNo
Cross-border LinksThe CSE has indirect link with Clearstream Banking Luxemburg (CBL) through an International Custodian who acts as a Custodian / Operator of the CSD.
Anti-money laundering RequirementsAML procedures are followed by the CSE Participants supervised by the Cyprus Securities and Exchange Commission.
IOSCO MembershipNo
Working days
Country Cyprus
Time Zone GMT+3
Days Monday / Tuesday / Wednesday / Thursday / Friday /