Duly noted in spanish6/30/2023 ![]() ![]() US$12,701) in relation to admission to listing of foreign-issued shares to a Spanish regulated market. US$693) (or €4,080 for first-time issuers (approx. US$80,823) in relation to admission to listing of domestic shares to a Spanish regulated market, and (ii) between €612 (approx. In addition, the CNMV charges (i) between €4,080 (approx. Foreign securities are generally discounted by 50%. US$6,791) or 0.5% of the capitalization value of the shares to be admitted to trading, whatever is the lower, and a maximum of €500,000 (approximately US$565,930). Additionally, with regards to admission rights, national securities (such as those issued by Spanish companies) must generally pay 0.11 per thousand over the capitalization value of the shares to be admitted to trading calculated as of the first market value they obtain, with a minimum of €6,000 (approx. US$1,698) in relation to the study, exam and filing of the listing application. Also, if there has been a significant change in the company's position (such as a significant acquisition or merger), pro-forma financial information must be provided reflecting how the transaction would have affected its assets, liabilities and earnings if it had occurred at the beginning of the period covered by the report.Ī company seeking to be listed must pay a fixed fee of €1,500 (approx. Any quarterly or half-yearly financial information that the company has published since the date of the last audited financial statements must also be provided, together with any audit or review report. ![]() Additionally, the financial statements must have been audited in accordance with the law which may be applicable to the issuer. The financial statements must include historical financial information for the last three financial years. The issuer of securities must provide to the CNMV individual and consolidated (if applicable) financial statements. For an issuer incorporated outside the EEA, the accounts should be prepared under IFRS or under GAAP that have been internationally accepted (US and Japanese GAAP have been deemed equivalent to IFRS by the European Commission).įinancial statements. The financial information must be prepared in accordance with IFRS or, if not applicable to a member State, with national accounting standards for issuers from the Community. Documents must be duly legalized in the country of origin and be translated by a sworn translator (if applicable).Īccounting standards.Listing including all securities of the same class.Settlement through IBERCLEAR, the Spanish central security depository.Shares freely transferable and represented in book-entry form.Due filing and registration of a prospectus with the CNMV (which can be in English if there is no retail public offering). ![]()
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