Belarus Currency and Stock Exchange
Encyclopedia
The open joint-stock company Belarus currency-stock exchange was formed in 1998 in accordance with the Decree
of the President of Belarus
from July 20, 1998 №366 “On perfection of system of state regulation of the stock market”. The founders of the stock exchange were the National bank of the Republic of Belarus (a control share holding), Fund of the state property of the Ministry of Economics of the Republic of Belarus and a number of large banks of the Republic of Belarus.
The supreme body of management of open joint-stock company “Belarus currency-stock exchange” is General meeting of shareholders. The structure of shareholders of a stock exchange, except for founders includes banks, the broker/dealer subsidiaries of republic, etc. The Management of a stock exchange between the General meetings of shareholders is carried out by the Supervisory council.
Except for the organization of the trades, the stock exchange carries out functions of the settlement depositary institution in the exchange market of not state securities, function of the operator of settlement-clearing system by all kinds of securities and tools of the term market, and also carries out registration of the transactions concluded on the over-the-counter market with stocks of open joint-stock companies and voucher “Housing”.
Decree
A decree is a rule of law issued by a head of state , according to certain procedures . It has the force of law...
of the President of Belarus
President of Belarus
The office of President of Belarus is the head of state of Belarus. The office was created in 1994 with the passing of the Constitution of Belarus by the Supreme Soviet. This replaced the office of Chairman of the Supreme Soviet as the head of state...
from July 20, 1998 №366 “On perfection of system of state regulation of the stock market”. The founders of the stock exchange were the National bank of the Republic of Belarus (a control share holding), Fund of the state property of the Ministry of Economics of the Republic of Belarus and a number of large banks of the Republic of Belarus.
The supreme body of management of open joint-stock company “Belarus currency-stock exchange” is General meeting of shareholders. The structure of shareholders of a stock exchange, except for founders includes banks, the broker/dealer subsidiaries of republic, etc. The Management of a stock exchange between the General meetings of shareholders is carried out by the Supervisory council.
Except for the organization of the trades, the stock exchange carries out functions of the settlement depositary institution in the exchange market of not state securities, function of the operator of settlement-clearing system by all kinds of securities and tools of the term market, and also carries out registration of the transactions concluded on the over-the-counter market with stocks of open joint-stock companies and voucher “Housing”.