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The PEX Accesses Full Membership in The Association of National Numbering Agencies ANNA

2012-07-04

Palestine Stock Exchange announced accessing full membership in the Association of National Numbering Agencies (ANNA), and transferring its position from a partner to a full member with all the rights and obligations. This came during the general assembly meeting of ANNA that took place in London/Britain on the 14^th and 15^th of June 2012, whereby the elected and approved the decision of giving the PEX a full membership in ANNA, to become the number 83^rd member.

To his side, the PEX’s CEO Mr. Ahmad Aweidah pointed out to the importance of this qualitative development that will support the PEX’s role in applying the international standards for the capital market sector in the world and benefit from the expertise of the international markers in this field. He said that this achievement is added to a series of developments and achievements in the recent years, particularly in activating the PEX’s role in the regional and international institutions that are related to the capital markets, emphasizing that the PEX will continue its efforts in this field, including questing full membership in the World Federation of Exchanges.

The full membership in ANNA will enable the PEX to enjoy all the rights granted to the members of this association, such as: the voting rights, the eligibility to run the board of directors and the right to participate in the technical working committees. After electing the PEX as a partner in ANNA, it was authorized to number the securities in Palestine based on The International Securities Identification Number (ISIN) among unified and universally recognized basis according to the ISO 6166 standard as a national agency exclusively adopted by ANNA and Palestine Capital Market Authority for this purpose.

It is worth mentioning that The Association of National Numbering Agencies (ANNA) was established in 1992, where the total number of its permanent and non-permanent members reaches around 112 members from all over the world. The Associations is generally specialized in implementing ISO standards for the capital market sector.