Based on the decision of Albanian Financial Supervisory Authority no. 167, date 23.10.2020, the Albanian Securities Exchange’s Supervisory Board with the decision no.46, date 29.10.2020 revoked the membership of the subject “Triumf Grup” as Brokerage Firm and its right to operate as Member Broker at the Albanian Securities Exchange.

Staring from 30.10.2020, ALSE has three members. For more information regarding ALSE’s member click here.

The Albanian Securities Exchange announces to the public that, based on the decision date 23.10.2020 made by Albanian Supervisory Authority for revoking the license of the brokerage firm “Triumf Grup”, the latter has been suspended from accessing the ALSE’s electronic trading system (ETS), until a final decision by the ALSE Supervisory Board.

The brokerage firm “Triumf Grup” is ALSE’s member for trading Government Securities (GSM) since 30.01.2019.

The new law on the capital market is a precondition and a driving factor for a transparent, well regulated and reliable capital market, however, the development of this market will also depend on a number of other factors, such as: expanding the investor base,
improving market infrastructure, the range of financial instruments, matching demand and supply for securities, investors and issuers’ financial education, or encouraging companies to be listed on stock exchange, through a public offering.

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Source: Bankieri No.37 October 2020

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