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Macedonian  Stock Exchange 
MACEDOINE

RETOUR EUROPE DE L'EST

Indice: MBI
The Macedonian Stock Exchange was founded in September 1995 and commenced trading on March 28, 1996, as a central marketplace for trading in securities and the first organized stock exchange in the history of the Republic of Macedonia. 
The MSE was founded as a joint-stock company. MSE had initially 19 members, among them, 13 banks, 3 saving houses and 3 insurance companies. Since 1997, according to the new Law on Issuance and Trading in Securities from 1997, MSE members could only be legal entities (brokerage houses) which sole activity is trading in securities, with headquarters in the Republic of Macedonia. Due to these changes the number of MSE members decreased to 7. All MSE members must be licensed for trading in securities by the Macedonian Security and Exchange Commission. 
Only brokers, authorized by the MSE members may trade in securities. Starting from 2002 banks may become members of MSE and trade securities.
MSE has currently 10 members - brokerage houses. According to the Securities Law from 2000 the initial share capital of each MSE member must be at least 75.000 EURO's and the liquid capital must be 15.000 EURO's. Starting from June 20, 2001 (according to the new amendments of the Securities Law), Macedonian Stock Exchange operates on a for-profit basis, with a founding capital of 500.000 EURO's. Shareholders of the Stock Exchange may become any legal and private domestic and foreign entity. Shareholdings per entity is limited up to 10% of the MSE outstanding shares. 

1. Bro-dil AD
2. KB-Broker AD
3. Makos-Invest Broker AD
4. MAK-Broker AD
5. Broker SB AD
6. Tutunskabroker AD
7. Fershped Broker AD
8. Poshtel Broker AD
9. SAKSES BROKERS AD
10. BITOLA BROKER AD


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