Regulation of the Albanian Securities Exchange ALSE
This Regulation covers, from a regulatory perspective, the processes of Membership, Listing, Trading, Clearing, Settlement, Arbitration, Monitoring, and the Code of Conduct of Exchange Operators.
Regulation on Monitoring, Supervision and Penalties at the Albanian Securities Exchange ALSE
This Regulation aims to establish the conditions for a fair, transparent, continuous, verifiable, and efficient process for trading financial instruments on the Albanian Securities Exchange ALSE, through effective supervision and continuous monitoring of the market and its participants.
Amendments approved by the Financial Supervisory Authority by Board Decision No. 90, dated 28 April 2022
Regulation on Coding in the Electronic Trading System of the Albanian Securities Exchange ALSE
The purpose of this Regulation is to establish the standards and rules governing the coding procedures within the ETS System for: ALSE Members, Supervisors and External Market Observers, Individual Brokers, Issuers whose securities will be listed on ALSE, Securities to be listed on ALSE, Trading Accounts, ETS User Certificates, and the Trading Schedule.
Approved by Supervisory Council Decision No. 15, dated 23 March 2018
Amended by Supervisory Council Decision No. 22, dated 22 November 2018
Amended by Supervisory Council Decision No. 51, dated 18 March 2022
ALSE Instructions
Instruction on the Trading, Clearing and Settlement of Transactions on the Albanian Securities Exchange ALSE
Pursuant to Chapter 4 of the Rules of the Albanian Securities Exchange ALSE, this Instruction establishes the procedures for the trading of securities through the ETS System, including Trading Days and Hours, Trading Cycles, Types of Transactions, and Price Limits.
Approved by Decision No. 4 of the Supervisory Board, dated 07.11.2017 Amended by Decision No. 15 of the Supervisory Board, dated 23.03.2018 Amended by Decision No. 22 of the Supervisory Board, dated 22.11.2018 Amended by Decision No. 51 of the Supervisory Board, dated 18.03.2022
Full Document
Instruction on Default Procedures for the Settlement of Government Debt Securities Transactions on the Albanian Securities Exchange ALSE
The purpose of this Instruction is to establish the procedures to be followed by ALSE, securities custodians, brokerage firms, and other parties in cases of default in the proper execution of the clearing and settlement procedures for transactions involving cash and securities.
Approved by Decision No. 21 of the Supervisory Board, dated 22.11.2018 Amended by Decision No. 51 of the Supervisory Board, dated 18.03.2022
Full Document
Listing Instruction of the Albanian Securities Exchange ALSE
The purpose of this Instruction is to explain the implementation of the provisions of the Rules of the Albanian Securities Exchange ALSE by establishing guidelines for the Issuer regarding:
- The process of issuance and listing on the Exchange;
- Procedures for the transfer of securities between the segments of the ALSE;
- Procedures for the delisting of securities from the ALSE;
- Procedures and obligations of listed companies to ensure the transparency and dissemination of information on the ALSE and to the public.
Approved by Decision No. 43 of the Supervisory Board, dated 13.05.2020
Amended by Decision No. 51 of the Supervisory Board, dated 18.03.2022
Other
List of commissions and tariffs of Albanian Securities Exchange
Approved by the Albanian Financial Supervisory Authority, dated 31/08/2020