Wednesday October 16 2024
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Philippines
On 16th October 2024, the Philippines Stock Exchange (PSE) published a circular proposed checklist of Documentary Requirements for Listing of Global Philippine Depositary Receipts (GPDR).
By way of supplement to PSE Circular No. 2024-0047 where the PSE Proposed Rules for Global Philippine Depositary Receipts (“GPDR Rules”), the Exchange is also proposed Checklist of Documentary Requirements (“Checklist”) for listing of GPDRs. This Checklist shall be attached as an annex to the GPDR Rules and shall form an integral part thereof.
The listing and trading of GPDRs are intended to provide local investors investment opportunities outside the Philippine market and allow them to build a globally diversified portfolio through GPDRs. Investors can buy and sell GPDRs quoted in Philippine pesos through any PSE Trading Participant during trading hours of the Exchange.
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