Albanian Securities Register

Albanian Securities Register ALREG j.s.c. launched in 2014 as an ambitious project with the support of Credins Bank, with a team of experts specialized in securities and capital markets, in order to create an electronic system for the registration of privately owned securities, and post trade infrastructure which will made possible to register dematerialized non-government securities.

This financial market infrastructure would fill the lack of an electronic format for the registration of non-government securities in Albania where the local business will register the issued securities on the system. The project was lobbied by shareholders (domestic financial institutions and abroad) to provide financial support. After that it continued with market research, identification of the electronic system to be used, drafting rules and regulations as well as preparing the licensing file to be submitted by Albanian Financial Supervisory Authority (AFSA) and the Bank of Albania (BoA). In 2016, seeing the high potential of this project and the favorable conditions for the development of the domestic capital market, to this initiative was added another financial institution called American Bank of Investments.

 Licensing of ALREG

By the decision no. 6, dated 31.01.2019, the AFSA’s board licensed the company “Albanian Securities Register ALREG” j.s.c, as the first Albanian private Register in the country. AFSA’s board made the decision in accordance with the legislation requirements of all documentation related to the object of activity, capital, governing bodies of the company, the infrastructure and technological systems needed to carry out the activity.

Date 01.11.2019, Bank of Albania licensed ALREG as Securities Settlement System Operator in the Republic of Albania, completing the entire spectrum of ALREG services not only with the registration but also clearing and settlement of securities on and off stock exchange transactions.

As above, the Financial Supervisory Authority in 19.12.2019, licensed Albanian Securities Register ALREG j.s.c “Who’s scope includes the securities data organisation and managment activities as well as their clearing and settlement.