"We highly appreciate the decision of the General Assembly to grant Associate Membership of FESE to the National Stock Exchange of Lithuania," said Mr. Rimantas Busila, President of the Exchange. "Not only does it demonstrate recognition of our achievements in developing a sound, transparent and safe securities market, but also calls for our continuous commitment to the high standards of EU capital markets advocated by FESE. We very much look forward to becoming a dedicated member of the FESE family."
FESE is the Brussels-based association of the regulated securities and derivatives markets in Europe and has incorporated EACH (the European Association of Clearing Houses). It numbers today 31 Full Members from the countries of the EU and the EFTA, as well as eight Associate Members and several Corresponding Members from EU accession candidate countries.
Associate Membership is open to Exchanges from those countries of Central, Eastern, and Southern Europe that are in accession negotiations with the EU. Candidates must fulfil a number of quality criteria set up by the Federation and the legislative and regulatory framework in their countries must show a clear "rapprochement" towards the contents of EU financial markets legislation. Associate Membership is granted following an evaluation process by the Federation, carried out by representatives from Member Exchanges. Other European Exchanges may apply for Corresponding Membership.
