ALREG is licensed from Bank of Albania as a settlement system operator. This license opens definitely the path to the listing of the private companies at Albania Securities Exchange (ALSE). The registry is a necessary link for the securities function, because there are administered data and the ownership rights upon them.
ALREG is licensed as a securities registry from the Albanian Financial Supervisory Authority on January of this year. But, to totally complete its function regarding the services on securities trading, it is needed another license from the central bank to operate as a cash payment operator. Through this function, ALREG will simultaneously make the transfer of the ownership rights of the traded securities and the cash payment form the buyer to the seller.
The Albanian Securities Exchange (ALSE) started its activity on February last year, by trading Albanian Government Treasury Bills and Bonds. Starting from the February of this of this year, ALSE is officially licensed to trade also the securities issues by private business. The complete licensing of ALREG provides the opportunity to ALSE to practically trade these securities.
During the last years, the potential for the development of the stock exchange in Albania is increasing. Some companies, mainly financial institutions, have successfully applied bond issuance through private placement. The opening of the stock exchange will provide an opportunity for bonds and new shares of commercial companies to be also issued with public offering. The public offering will provide a fair quoting price of issuing and the continuous secondary trading of these securities.
The stock exchange will also provide to businesses the opportunity to raise capital through issuance of new shares. For the wide public, securities of private firms create new investment alternatives and high return on their investments.
Source: PARAJA.NET