Belarusian Currency and Stock Exchange

The Belarusian currency and stock exchange (BCSE) (Russian: Белорусская валютно-фондовая биржа) is a currency and stock exchange based in Belarus.

Belarusian Currency and Stock Exchange
Белорусская валютно-фондовая биржа
TypeOpen joint-stock company
Location48A Surganova Street, Minsk, Belarus
Founded20 July 1998 (1998 -07-20)
OwnerNational Bank of the Republic of Belarus
Key peopleAndrei Aukhimenia (President)
CurrencyBelarusian ruble (BYN)
Websitewww.bcse.by

History

The exchange was formed in 1998 in accordance with the Decree of the President of Belarus 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 (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:

It is also a partner exchange of the UN's Sustainable Stock Exchanges Initiative.

References
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