ATHEXCSD
Initial Recording of Securities for Exchange-Traded Fund Managers
Initial Recording of Securities Process
- Application Submission: The Fund Manager submits an initial registration application, accompanied by the required documents outlined in Decision 3 of the ATHEXCSD Board of Directors
- Application Review: ATHEXCSD reviews the application. Approval is granted if the Fund Manager has received consent from the Trading Venue Manager for listing the fund's units on the relevant Trading Venue
- Post-Approval Actions:
- The Fund Manager provides the Beneficiary Allocation File to ATHEXCSD, detailing shareholder information, including the Securities Account and Participant
- ATHEXCSD confirms the registration date and completes the necessary registrations.
- The Fund Manager provides the Beneficiary Allocation File to ATHEXCSD, detailing shareholder information, including the Securities Account and Participant
Regulations & Resolutions
Read the latest version of the Rulebook of ATHEXCSD concerning the Initial Recording of Securities for Exchange-Traded Fund Managers. Review the relevant Resolutions, Resolution 3 and Resolution 18, for detailed information.
Charges
Initial Registration of Securities includes both the conversion of physical certificates to dematerialized form and the direct issuance of dematerialized securities.
Charge: 0.03% of the issuance value
Maximum Charge: €10,000
The issuance value is calculated as the product of the offering price (initial trading price) of each ETF unit and the number of units issued.