Member Type
ALREG members are classified as members of the Register (account operators) and Clearing and Settlement members. A Member on ALREG Register is a Member with access to the registry services for maintaining and managing accounts for securities in the registry system (account operator) for the maintenance and management of securities account in the register system and services of the clearing and settlement system for the settlement of trades.
Each Member of the Stock Exchange will be a Member of ALREG.
Institutions that can Become Members
The following Institutions may become ALREG Register Members
- Brokerage firms, licensed for the maintenance and administration of securities on behalf of customers.
- Banks, allowed to provide investment services by the Law.
- Bank of Albania.
- Any Government Body or their agency in accordance with the Legislation in force.
- Any legal entity that has received authorization under the Law administering investment funds to provide custodial services.
- The foreign investment company, licensed for the operation of the investment services of the foreign investment company according to the Legislation in force.
The following institutions can become Members of Clearing and Settlement:
- Brokerage firms, licensed to provide investment services for client account or for their own account, including custody and related services / collateral management.
- Banks, allowed to provide investment services under the Legislation in force,
- Bank of Albania,
- Any government institution or any of their agencies,
The Right of membership in ALREG
A legal entity has the right to apply to become an ALREG member, if: It is classified in one of the types of ALREG Membership as above and meets the qualifications provides in the ALREG Regulations.
ALREG provides the following Membership Services.
ALREG provides, through its Central Register, the following functions to Register Members of ALREG:
- Maintaining the personal securities account, opened for this purpose by ALREG,
- Ability to open and hold customer securities accounts,
- The ability to cast and execute transfer and securities movements,
- Set up pledges and other transactions with its clients, and maintain the rights of these pledges.
- Throw and send data changes to securities account.
- Access to data within shareholders’ books. Calculation of commissions and their reporting.
ALREG provides, through its Central Registry, the following services and functions to Clearing and Settlement Members:
- All the services and functions mentioned above here apply to the Register Members.
- Calculation of liabilities, according to clients, according to accounts, and according to other types of requirements for stock exchange trades.
- Fulfillment of net fund liabilities by ALREG members.
- Information on the transfer of funds.
- Securities transfers and trade allocation.
- Settlement of obligations of transfer of securities in thesecurities account opened on ALREG.
- Reports and analysis on transfered securities and funds.