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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2006
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 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)
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
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.
IRAN CENTRAL SECURITIES DEPOSITORY
Affiliate Member
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
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.cfmGet=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.
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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