FIBV approves JSX regular membership

FIBV approves JSX regular membership

JAKARTA (JP): Members of the Federation of International Stock
Exchanges (FIBV) have unanimously approved the regular membership
of the Jakarta Stock Exchange (JSX) at the end of its two-day
general assembly in Seoul.

The Paris-based federation also admitted the Warsaw Stock
Exchange during the meeting Tuesday, thereby increasing the
number of the federation's members to 35.

A JSX spokesman said in a statement made available here that
the approval of JSX's membership reflected the recognition of the
world's major stock exchanges. Full membership in the federation
has now placed the JSX in the same group as major stock exchanges
in the world.

The general assembly, attended by 200 executives representing
44 exchanges from 35 countries, also held intensive discussions
on measures to standardize the international financial criteria
of listed companies. The standardization is expected to ease the
understanding of companies' financial information.

The general assembly also agreed during the meeting to better
organize the Over the Counter (OTC) electronic markets for the
interest of investors.(hen)