The Belarusian Currency and Stock Exchange (BCSE; be, Беларуская валютна-фондавая біржа; russian: Белорусская валютно-фондовая биржа) is a currency and
stock exchange based in
Belarus
Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by ...
.
History
The exchange was formed in 1998 in accordance with the
Decree
A decree is a legal proclamation, usually issued by a head of state (such as the president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of law. The particular term used ...
of the
President of Belarus
The president of the Republic of Belarus ( be, Прэзідэнт Рэспублікі Беларусь; russian: Президент Республики Беларусь) is the head of state and head of government of Belarus. The office was cre ...
from 20th July 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
The National Bank of the Republic of Belarus (NBRB; be, Нацыянальны банк Рэспублікі Беларусь; rus, Национальный банк Республики Беларусь) is the central bank of Belarus, located ...
(a controlling share holding), State Property Fund of the Ministry of Economics of the Republic of Belarus and a number of large banks of the Republic of Belarus.
Management
The supreme body of management of the Belarusian currency and stock exchange is the General meeting of shareholders. The structure of the BCSE shareholders, except for its founders, includes banks, broker/dealer subsidiaries of the republic, etc. The Management of the BCSE between the General meetings of shareholders is carried out by the Supervisory council.
BCSE carries out functions of organization of trades, function of the operator of settlement-clearing system, settlement depository, an information centre and also carries out registration of the transactions concluded on the over-the-counter market. In addition, the BCSE performs the function of supporting indicative quotations on assets traded outside the trading floor, and acts as a central registrar of information about OTC securities transactions.
Associations
The Belarusian Currency and Stock Exchange is a member of the following associations:
* International Association of Exchanges of the Commonwealth of Independent States countries (IAEx of CIS)
*
Federation of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the cooperat ...
(FEAS)
* Association of Belarusian banks (ABB)
It is also a partner exchange of the UN's Sustainable Stock Exchanges Initiative.
External links
Official website
Belarusian Currency and Stock Exchange: Private Company Information- Businessweek
{{World Federation of Exchanges
Financial services companies established in 1998
Economy of Belarus
Stock exchanges in Europe
Belarusian companies established in 1998