* The reason: the initiative to transform the Rasdaq into the ATS
* The explanations of BSE president Lucian Anghel did not provide satisfaction to the investors
* The CNVM will have to manage the conflict
The Association of Stock Market Investors (AIPC) has asked for the resignation of the Bucharest Stock Exchange, moving the conflict on the status of the Rasdaq market to a different level.
After the exchange of lines between the two companies which took place over the last two weeks, the harshness of the criticism has escalated in yesterday's statement by the AIPC, as it called the initiative of the BSE to change the Rasdaq into an alternative trading system "occult and illegal".
Laviniu Beze, the president of the AIPC, says that "the Association is asking for the resignation of all the members of the Board of the BSE for its occult and illegal initiative to turn the Rasdaq market into the BSE's alternative trading system".
The AIPC is warning that "the occult and illegal initiative of the BSE to turn the Rasdaq market into an alternative trading system heavily undermines the confidence of investors in the Romanian stock market by ignoring the principle of the high transparency of the stock market and by blatantly violating the existing regulations".
Last week, Lucian Anghel, the president of the BSE, had said that it was precisely because of the need to bolster the investors' confidence that the Rasdaq needed to be restructured.
The Bucharest Stock Exchange considers that the problem of the clarification of the status of the Rasdaq is affecting the image of the stock market, and its resolution can no longer be postponed, according to the statements of the president of the BSE, Lucian Anghel. He insisted about reassuring the investors that the BSE does not intend to change the requirements for listed companies. @N_P
