Reopening of the Hellenic Capital Market

Reopening of the Hellenic Capital Market

After more than one month of suspension of its operation, the Hellenic Capital Market reopened on Monday, 03.08.2015, following a Ministerial Decision dated 31.12.2015, which regulates the operational details, and a decision of the Hellenic Capital Markets Commission dated 03.08.2015.

Ministerial Decision (31.12.2015)

Lifting of the restrictions of the Presidential Legislative Act of 18.7.2015 (GG A’ 84)
concerning transactions in financial instruments in the Greek regulated market.
Taking into consideration:
1. The provisions:
a) Of Article First par. 10 and 18 of the Presidential Legislative Act of the 18th July 2015
“Emergency provisions concerning restrictions on cash withdrawal and capital transfer and
amendments of Law 4063/2012, 4172/2013, 4331/2015 and 4334/2015” (GG A’ 84),
b) Of the Presidential Decree 111/2014 “Organization of the Ministry for Economics” (GG A’
178),
c) Of the PD 45/2014 “Appointment of the Minister for Economics” (GG A’ 73),
d) Of Article 90 of the PD 63/2005 “Codification of the legislation concerning the Government
and the Governmental Institutions” (GG A’ 98).
2. The need to modify the restrictions and prohibitions on the transactions and actions described
in Article first of the Presidential Legislative Act of 18.7.2015.
3. The suggestion of 31.07.2015 of the Bank of Greece.
4. The suggestion of 30.07.2015 of the Board of Directors of the Hellenic Capital Markets
Commission.
5. The suggestion of the Systemic Stability Council.
6. The fact that the present decision does not cause any expenses on the state budget.

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