Annual issuer charges now set by average folio count, changing fee calculation and enabling adjustments with issuers. Annual issuer charges will be calculated using the average number of folios (ISIN positions) during the previous financial year, computed by dividing the total folios for the year by the total working days. Depositories may adjust any excess or deficit with issuers for the current financial year. Stock exchanges and depositories must amend bye laws and the Listing Agreement as applicable, notify stakeholders, publish the change online, and report implementation status in Monthly Development Reports.
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Annual issuer charges now set by average folio count, changing fee calculation and enabling adjustments with issuers.
Annual issuer charges will be calculated using the average number of folios (ISIN positions) during the previous financial year, computed by dividing the total folios for the year by the total working days. Depositories may adjust any excess or deficit with issuers for the current financial year. Stock exchanges and depositories must amend bye laws and the Listing Agreement as applicable, notify stakeholders, publish the change online, and report implementation status in Monthly Development Reports.
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