FEAS Yearbook FEAS Yearbook 2006 | Page 8

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2006 FEDERATION OF EURO-ASIAN STOCK EXCHANGES Mr. Tsekhanovic Patel. The Belarusian Currency and SE came into existence on March 4th 1993 and commence operations on March 24th that same year. The market capitalization of the BCSE exceeds US$ 3.6 million by the end of 2005 and the number of members of the BCSE is 53. In addition, the BCSE produces one quarterly and one annual and publication. AFFILIATE MEMBER MEETING – 13-14 APRIL 2006 – ISTANBUL, TURKEY The first meeting of FEAS (Federation of Euro-Asian Stock Exchanges) Affiliate Members Task Force convened by Takasbank, was held on April 13/14, 2006 in Istanbul. The meeting began with the opening speech of Mr. Emin Çatana, the President and CEO of Takasbank and the agenda was set forth for discussion. During the first day the following items were decided upon: • It was decided that STP, CCP and the taxation of capital gains issues would be taken into the agenda of the incoming meetings of this task force. • It was decided that the existing international standards and best practices related to settlement and custody issues will be gathered in one leaflet and will be presented to all FEAS members. The organization needed for this subject will be coordinated by FEAS Secretariat and Takasbank. • It was decided that the questionnaires prepared by the international organizations (IOSCO- CPSS-, AGC, Thomas Murray, etc) will be answered in detail and all of the answers will be shared in FEAS website. • The pages for the affiliate members in the FEAS website will be updated by all members and for the sake of sharing information at the highest level, the updates will be continuously done. • The information about the affiliate members to be published in FEAS publications will be sent to FEAS Secretariat until the 15th day of the following month. • Promotion of the implementation of international standards in securities transactions was decided. • It was decided that the next meeting of the Affiliate Members Task Force would be combined with the FEAS General Assembly planned to be held in November 2006 at Egypt. (1 day before) IRAN CENTRAL SECURITIES DEPOSITORY Affiliate Member WORKING COMMITTEE MEETING – 16-17 MAY 2006 – CHISINAU, MOLDOVA The first working committee meeting of 2006 was held in Chisinau, Moldova on the 16-17 May, 2006 at the invitation of the Moldovan Stock Exchange. The Working Committee focused on issues mandated by the General Assembly in 2005 and the Secretariat prepared a report to participants. 12TH GENERAL ASSEMBLY MEETING – NOVEMBER 1-4, 2006 – CAIRO/SHARM EL SHEIKH, EGYPT The 12th Annual General Assembly of FEAS was held in Sharm El Sheikh, Egypt on November 3rd at the invitation of the Cairo and Alexandrian Stock Exchanges. In addition the Affiliate Task Force Meeting, the 15th Executive Committee meeting and a Working Committee meeting were held prior to the General Assembly on November 1 and 2. There was also a Post GA Seminar held on the 4th of November with presentations given by FEAS Sponsors: Auerbach Grayson, OMX and Tata. Main decisions and topics of discussion included: • acceptance of the following new members • Belarusian Currency and Stock Exchange • Dubai International Financial Exchange • Dubai Financial Market • Iran Central Securities Depository; • adoption of the proposed 2007 mandates for the Working committee; • extension of the FEAS bilateral exchange program between members; • adoption of the 2007 budget, audited statements and the 2006 year-end forecast; • elections of Working Committee Chair • elections for the Vice President and President positions of FEAS; • review of the 2006 accomplishments including the status of special projects with the OECD, the SECI and the Revenue and Expense Analysis; and • adoption of the dues restructuring for 2007, among other topics. NEW MEMBERS BELARUSIAN CURRENCY AND STOCK EXCHANGE The Belarusian Currency and Stock Exchange submitted their application on the 10th of August 2006; the application was submitted by Ms. Olga Blusson and approved by PAGE 6 Iran Central Securities Depository was nominated on August 21, 2006 by the Tehran Stock Exchange. PUBLICATIONS & INFORMATION FEAS Library: The Library can be accessed through the Publications drop down menu on the main page at www.feas.org or through this link http://www.feas.org/Library.cfm. The FEAS Library is open to experts and organizations with financial market related material. If you would like to make a submission to the FEAS Library, please send your electronic files and links to the FEAS secretariat at [email protected]. FEAS Semi Annual Report: This publication of semi-annual activities of the Federation and its members began in 1997 and is now available electronically on the website: http://www.feas.org/Publications.cfm?Get=Year book&Top=Pubs. FEAS Website: The new FEAS website was launched on 31 July 2002 and can be found at www.feas.org. The new site now contains a more concentrated emphasis on FEAS member data with profile pages (including statistics, holidays, market policies and practices and direct links to their sites), Excel downloads for all statistical data and cross member comparisons on policies, practices and statistical data, and a News Center with headlines from member markets. Newsletter: A monthly publication which includes general secretariat news, statistical stock, bond and other volume comparisons on monthly, year-to- date and prior period bases, in addition to market cap, currency, number of companies traded and index statistics. Quarterly supplemental publications include quarterly statistical analysis, press releases of FEAS members and headlines of FEAS activities. Archived copies of the newsletter can be found on our website: http://www.feas.org/Publications. 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