Abstract
Matters related to the admission of shares to trading on the regulated market belong to the issues that are interdisciplinary, because these are in between the capital market law, the company law and the securities law. This article deals only with a part of this issue, specifically with the public law, or alternatively said with the public law matters of the admission of shares to trading on the regulated market.
The relevant regulation shall be analyzed that can be found in the European law acts as well as in the Act No. 256/2004 Coll., on Undertaking on Capital Market. From the financial market's perspective, the admission of shares to trading on the regulated market is very important step.
Once this process is completed, shares issued by a joint-stock company have a status of public transferability and promote to the higher rank of quality from the investor's perspective, when the issuer of those shares is subsequently subject to the new corresponding duties. Complex public law regulation is set in order to protect investors and a market against the abuse of the public transferability status.
This article shall analyze whether the relevant European and also Czech regulation is sufficiently factual, specific and without explanatory uncertainties.