1. Overview 1- The Libyan Stock Market (LSM) has been established by the decree of the General Peoples Committee No. (134) for the year of 2006. 2- LSM.

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OverviewOverview1- The Libyan Stock Market (LSM) has been

established by the decree of the General People’s Committee No. (134) for the year of 2006.

2- LSM is under the supervision of Secretary for the People’s Committee for Economic, Trade and Investment (Ministry of Economic).

3- The headquarter is located in the city of Benghazi while the main branch in the capital city of Tripoli.

4- LSM is organized as a corporation and acting as exchange, depository center and capital market authority.

Vision

Mission

Strategic Goals

Enhance Libyan companies Efficiency and Competitiveness

Protect Investors & Minimize Risks

Promote Fairness & Transparency

Develop LSM Rules & Regulations

Continuous Development of LSM Institutional Structure

Implement Electronic Systems

Increasing Investment Awareness

Continuous Training of LSM Staff and enhance Internal Work Processes

Joining Regional and International Capital Market Organizations

What the Libyan Economy What the Libyan Economy could benefit from LSMcould benefit from LSM??

1- Creating a suitable environment of bond and share investment.

2- Encouraging saving and raise investment awareness.

3- Improving the allocation of financing sources.

4- Allowing the comparison of the investment opportunities.

5- Facilitating the privatization program and transfer the ownership of economic public units, state- owned establishments and companies, to the general public.

What the Libyan Economy What the Libyan Economy could benefit from LSMcould benefit from LSM??

6-6- Facilitating the program of distributing wealth to the poor Families in Libya.

7- Diversifying portfolios and more importantly, converting shares to cash when required.

8- Attracting foreign investors.

Structuring LSM organizational chart

Implementing Administrative Regulations

Investing in Human Capital

Improving the working environment

Implementing Management of Information Systems

LSM DevelopmentLSM Development

Promoting Investment Promoting Investment AwarenessAwareness• Media Campaign.• Public Seminars.• Website.• Publications:

– Periodical publications: weekly Newspaper (Called the Economic Index).

– Manuals:– Basic concepts on investment.– Legal concepts relating to Libyan Capital

market.– How to understand Financial Statements.

Regional and International Regional and International CooperationCooperation

• Signing MOUs with regional and international Capital Markets and Regulators.

• Participating in International conferences and Training courses (SEC, NYSE, Amex, London Exchange, Moscow Exchange).

• Participating in Regional conferences and Training courses (Egypt, Jordan, Syria, Tunisia, Mascat).

• Joining AMEDA, Arab Union for Stock Exchange and ANNA.

What is nextWhat is next??

• Publishing the Roles and Regulations which have been already issued.

• Continuous Training for Staff and Employees.

• Selecting Electronic Systems for Trading and settlement.

• Examining and Licensing the broker-Dealers.

• The Electronic Trading will be started in early 2008.

Central Depository and Central Depository and Registory Department (C D R)Registory Department (C D R)• sole of Libyan stock market (LSM) department

providing clearing and settlement service to Libyan market.

• Facilitate securities trade to encourage higher level of trading activities compared to what used to take place under the previous system..

• Clearing and settlement of operation executed at (LSM).

• Handing corporate actions ( cash and stock dividend etc ….) according to the issues assemblies decisions.

• Management of a pledge system for all securities lodged into the central depository.

• Management of the settlement guarentee fund to eliminate suspended movements due to broker’s defaults.

((C D RC D R ) )main activities and main activities and servicesservices..

Registry & DepositoryDep.

Investor

Custodian

Custodian

Broker

Trading Dep.

TRADE EXC.Broker

Investor

Clearing BankClearing Bank

1

2

31

2

3

45

6

6

88

9

10

SETTLEMENT CUARANTEE FUND

7

ControlingDep.

ControlingDep.

First subscription in LSMFirst subscription in LSM

• Total number of executed subscriptions is 468 .

• Number of subscriptions is 447 subscriber ( 12 legal & 435 natural ) .

• Total shares by bonds is 4,603,250 shares .• Total value is 32,222,750 L.D ( 27,136,004

legal & 726,678 natural ) .• The percentage covered is % 115.080 .

... اإلنترنت شبكة على موقعنا زوروا المعلومات من ...لمزيد اإلنترنت شبكة على موقعنا زوروا المعلومات من لمزيد

www.lsm.gov.lywww.lsm.gov.ly

الليبي المالية األوراق Libyan Stock Market سوق

www.lsm.gov.ly

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Thank youThank you