|
International Relationships
Relations
with regional and global stock markets are vital to the development
of the Libyan Stock Market and its compliance with international
standards and rules in this area. On the light of Libyan stock
market's belief with necessity of provide maximum cooperation with
Arab markets to support the relations and
exchange the information to improve the performance of
regulatory functions, and the effective application of laws and
regulations governing the market .
Within
this framework the Libyan Stock Market has conducted agreements and
understandings with various Arab and global markets and benefit to
the utmost from any training and qualification course for the
market's human resources that are presented.
Libyan Stock Market Agreements
|
Location
|
Date
|
Agreement
|
|
Amman
|
19-07-2005
|
Amman
Stock Exchange
|
|
Cairo
|
24-07-2005
|
Cairo
and Alexandria
Stock Exchanges
|
|
Tripoli
|
19-07-2006
|
MISR for Central
Clearance and Depository
|
|
Amman
|
12-10-2006
|
Talal Abu-Ghazalla College- Jordan
|
|
Cairo
|
20-11-2006
|
Capital Market Authority
in
Egypt
|
|
Benghazi
|
09-01-2007
|
Center for Research and
Consultation of
Garyounis
University
|
|
London
|
15-10-2007
|
London
Stock market
|
|
London
|
15-10-2007
|
Crafton
College
|
|
London
|
15-10-2007
|
University
of Reading
|
|
Amman
|
01/11/2007
|
Arab Society of Certified
Accountants (ASCA)
|
* Joining the membership of the following international
organizations:
·
AMEDA (African and Middle
East Depository Agency).
·
ANNA
(Association of National Numbering Agencies).
·
ASEA
(Arab Securities Exchange Association).
·
Association of African
Exchange.
·
Union
of Arab Stock Markets.
Union of Arab Stock markets was established according to
develop the coordination between them and to achieve the common Arab
markets interests and to increase the role's efficiency played by
them in order to serve the integration and common Arab social and
economical development.
In general the Union aims to coordinate the work among its
members and facilitate the technical support according to its
specializations, contribute to the coordination and guidance laws,
and to eliminate the difficulties which the Arab investment faced,
expand its base and to
encourage the listing and exchange the Arab securities in the Arab
world and to Encourage the Arab capital investment of economical
fields in Arab world, especially joint projects. Union also aims to contribute to the establishment of an
Arab financial market facilitates the exchange of Arab Securities
within the Arab world.
The
approval of the establishment of the Arab stock market in the
meeting of the Council of the Union of Arab stock markets in
December 2003, and
the work is continue to
complete the necessary construction especially in the areas of:
•
Requirements for listing companies.
•
Conditions of brokers registration.
•
Clearing and settlement system.
•
Develop a plan of operation and marketing operations.
|
