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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2007
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
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
13-14 April 2006 in Istanbul. The Meeting began
with the opening speech of Mr. Emin Çatana,
the President & 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)
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 –
1-4 NOVEMBER 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 1st and 2nd. 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;
• 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 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
Mr. Tsekhanovic Patel. The Belarusian Currency
and SE came into existence on 4 March 1993
and commenced operations on March 24th that
same year. The market capitalization of the
BCSE exceeded 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.
CENTRAL SECURITIES DEPOSITORY
OF IRAN
On 2 May 2006, the CSD of Iran wrote a letter
to apply for Affiliate Membership in FEAS under
the Tehran Stock Exchange. On 21 August
2006 the Tehran Stock Exchange wrote a letter
to propose the Affiliate Membership of the CSD
of Iran.
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
secretariat@feas.org.
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-todate
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.cfm?Get=New
sletter&Top=Pubs.
SUBSCRIBE
To subscribe for the electronic version of FEAS
publications, please go to www.feas.org and
click on subscribe. Subscriptions include
monthly notifications of statistics and newsletter
updates, as well as advance notice of FEAS
events and activities.
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