FEAS Yearbook FEAS Yearbook 2020 | Page 46

Corporate Actions

The CSE executes by automated methods all corporate actions which affect uniformly the entire registry (i.e. split, reverse split, rights distribution and securities bonus distributions), according to the Issuer’s instructions. For the corporate actions that issuers must submit an electronic registry according to the Cyprus Stock Exchange Regulation the responsibility lies to the Issuer. The timeframe depends on the type of corporate event.

Mission

Cyprus Stock Exchange is establishing itself as an integral part of the country’s growth strategy, supporting efforts to strengthen Cyprus’ role as both a regional business and advanced financial center.

Vision

The CSE is continuously diversifying its activities and services, in a dynamic mode and is committed to enhancing the competitiveness and accessibility of Cyprus for foreign investors. Strategic Goals

The economic crisis has also affected the operations of the CSE in the previous years, which is now ready to move forward with new initiatives, aiming to regain its role and mission

in the country. The Cyprus has many comparative advantages and an attractive tax regime on CSE investments. The CSE is organised to embrace a more outward-looking perspective. Following the improvement of the Cyprus economy, the CSE can and must take initiatives to regain its position on the market and play its role in promoting the growth of the Cyprus economy.

Federation of Euro-Asian Stock Exchanges

Throughout this crisis, Cyprus Stock Exchange markets have continued to focus on and lead in the provision of sustainable finance. During this crisis, Cyprus Stock Exchange has demonstrated resilience and innovation. The resilience of our infrastructure has provided certainty, CSE markets have been able to operate efficiently throughout the crisis. Our innovations are always focused on how we can best support issuers and investors.

The CSE examine and or implement various development projects for promoting the market, aiming to improve the financial position of the Organisation. Additionally, the CSE continuously examines and enforces a series of economic measures in order to reduce the operational cost and increase the available liquidity of the Organisation. The CSE is in communication with the relevant Authorities to implement a strategic plan for the future operations of the Organisation. The economic crisis has also affected the operations of the CSE in the previous years, which is now ready to move forward with new initiatives, aiming to regain its role and mission in the country by promoting the growth of the economy."

Mr Nicos Trypatsas

Acting General Manager

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