Prague Stock Exchange has announced criteria for the assessment of the condition of “regular trading”
On 24 April 2008, the Prague Stock Exchange announced that it had approved the following criteria for the assessment of the condition of “regular trading” within the meaning of Article 48(2) of the Capital Market Undertakings Act: “The Stock Exchange will classify trading in a share issue as regular if the trades in this issue within the Stock Exchange or another regulated market during the past three months reach a daily average of at least CZK 1,000. Liquidity will be monitored on a quarterly basis. This criterion will be applied for the first time to reflect the results of trading for the second quarter of 2008. Issues which do not satisfy this new rule will be excluded from trading on the Official Market.” The CNB regards the criterion of average daily trading of CZK 1,000 on at least one regulated market in the European Union in the past quarter as the minimum acceptable criterion for assessing whether trading in shares is problem-free pursuant to Articles 44(2)(c) and 44(2)(i) of the Capital Market Undertakings Act.