Role of the Authorised Advisor

An authorised advisor is a company authorized by the Exchange on the basis of a special decision approving its status of authorised advisor in accordance with the Rulebook on Acquiring the Status of Authorised Advisor for the Progress Market and is registered with the Register of authorised advisors.

Every issuer filing an application for admission of securities to trading on the Progress Market is obliged to have appointed an authorised advisor at the time of filing the application and at least two years after the admission of its securities to trading on the Progress Market.

The Exchange will adopt the Rulebook on Acquiring the Status of Authorised Advisor for the Progress Market in order to regulate the following:

  • requirements which must be met by the company applying for the status of authorised advisor;
  • procedure for acquiring and termination of the status of authorised advisor, registration and deregistration of authorised advisor with the Register of authorised advisors;
  • rights and obligations of authorised advisor;
  • rules of cooperation between authorised advisor and the Exchange;
  • other issues relevant for regulating the role of authorised advisor and functioning of the Progress Market.