FEES FOR TRADING ON THE EXCHANGE AND FOR REPORTING OF INFORMATION ON TRANSACTIONS CONCLUDED OUTSIDE THE REGULATED MARKET

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   Order value Fee  
Shares and depository receipts for shares        
  not exceeding
BGN 50 000 000		 0.075% of the value of the executed order, but no less than BGN 1 Example
  more than
BGN 50 000 000		 BGN 37 500 + 0.0375% of the excess over BGN 50 000 000 Example
         
Bonds and depository receipts for bonds     0.01% of the value of the executed order, but no less than BGN 1 Example
         
Exchange traded 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
         
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 concluded outside a regular market     BGN 5.00 for a 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 exchange traded 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.