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Legal Regulations

NewConnect is not a regulated market in the meaning of EU law and Polish legislation, which means that it is not governed by numerous Polish and European regulations applicable to companies traded on regulated markets.

Trading is organised and regulated primarily by the Warsaw Stock Exchange, which puts effort to ensure a relatively high transparency of trading typical of public markets.

At the same time the WSE organizes trading in a way, which avoids overregulation of the market.*

Rules and regulations binding the issuer in the ATS:

  • Alternative Trading System Rules - download
  • Exhibit 1 - Information Document - download
  • Exhibit 2 - Rules of financial instrument trading in the Alternative Trading System (UTP) - download
  • Exhibit 2a - Rules of financial instrument trading in the Alternative Trading System (WARSET) - download
  • Exhibit 3 - Current and periodical information in the Alternative Trading System on the NewConnect market - download
  • Exhibit 4 - Current and periodic reports presented by issuers of debt financial instruments in the Alternative Trading System on Catalyst - download
  • Exhibit 5 - Authorised Adviser in the Alternative Trading System - download
  • Exhibit 6 - Market Animator in the Alternative Trading System (UTP) - download
  • Exhibit 6a - Market Animator in the Alternative Trading System (WARSET) - download
  • Exhibit 7 - Fees in the Alternative Trading System - download
  • Rules of disclosing current and periodical information in the ATS... - download

Others:

  • Good Practice of NewConnect Listed Companies - download
  • Good Practice of NewConnect Authorised Advisers - download
  • Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies.
  • Act of 29 July 2005 on Trading in Financial Instruments
  • Act of 15 September 2000 - Code of Commercial Companies