"In attendance of the participants from IMKB, Bulgarian SE, Egyptian Exchange, Muscat Securities Market, Kazakhstan SE, Sarajevo SE, Tehran SE, Macedonia SE, Macedonia Central Securities Depository and TAKAS Bank; FEAS Executive Board was hold in Istanbul suburbs, Sapanca, on Saturday, 26 January 2013." Mohammadreza Arabi, Vice President in Listing and Members stated.
"At the beginning of the meeting, Ibrahim Turhan, IMKB CEO, presented a report about merging Turkey's Exchanges of Gold, IMKB, Izmir Futures, … and establishing a new Exchange, named Istanbul Bursa." he noted.
Then, the agenda of the Executive Board Meeting was read and it was announced that the next meeting will be held in Sarajevo in May 2013.
Additionally, FEAS reported about revenue combination report of the Exchanges, titled FEAS REVENUE & EXPENSE (2007-2011) which was analyzed.
“During the meeting, admittance of FEAS membership candidates was reviewed and it was decided that the matter would be studied and finalized in a subcommittee in attendance of Bulgarian, Muscat and Kazakhstan Exchanges. Iran Farabourse and Iran Mercantile Exchange have already applied for FEAS membership.” Arabi explained.
“Meanwhile, the investigation process of the membership requests in FEAS Statute was discussed and it would be amended in the next annual meeting in October.” Dr. Arabi added.
“During the meeting, FEAS Secretary General, Mr. Mustafa Baltaci, especially appreciated TSE because of successful holding the second on-site training program in Tehran.” TSE's Vice president said.
It is worth noting that the 2nd FEAS On-Site Training Program was held in Tehran, from 10 to 21 November 2012 and the program’s participants were the managers and experts from Oman, Pakistan, Macedonia, Uzbekistan, Syria, Turkey and Kazakhstan capital markets.