Cyprus Stock Exchange Becomes An Associate Member Of The Federation Of European Stock Exchanges (FESE)

The Cyprus Stock Exchange (CSE) has been admitted by the Federation of European Stock Exchanges as its fourth Associate Member. The General Assembly of the Federation has today approved unanimously the application by the Cyprus Stock Exchange for Associate Membership after the Exchange became a FESE Corresponding Exchange earlier this year.

This day is a historic landmark in the history of the Cyprus Stock Exchange, as it becomes part of the pan-European family of FESE, "said Mr. Paris P. Lenas, Chairman of the Exchange". The great opportunities for working together in a rapidly changing world of globalisation are now opening for us. Our FESE Associate Membership makes us feel stronger in facing the forthcoming challenges. We feel ready to assume our role within FESE, "the Chairman added after the General Assembly of FESE had made its decision in Brussels on September 22.

The Federation of European Stock Exchanges (FESE) is the Brussels-based association of the regulated securities markets in Europe. It counts today 18 Full Members from the countries of the EU plus Iceland, Norway, and Switzerland, as well as four Associate Members and several Corresponding Exchanges from EU accession candidate countries. Associate Membership is open to Exchanges from those countries of Central, Eastern, and Southern Europe. Candidates must fulfill 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 and evaluation process by the Federation, carried out by representatives from Member Exchanges.