1. Overview 1- The Libyan Stock Market (LSM) has been established by the decree of the General...
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![Page 1: 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.](https://reader036.fdocuments.in/reader036/viewer/2022070306/551913de55034642428b4915/html5/thumbnails/1.jpg)
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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.
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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
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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.
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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.
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Structuring LSM organizational chart
Implementing Administrative Regulations
Investing in Human Capital
Improving the working environment
Implementing Management of Information Systems
LSM DevelopmentLSM Development
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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.
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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.
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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.
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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..
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• 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..
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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.
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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 .
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... 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