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NameBanja Luka Stock Exchange (BLSE)
CountryBosnia and Herzegovina
Number of listed companies516
Domestic market capitalization4,530 million US$
SSE Partner ExchangeYes
Has annual sustainability reportNo
ESG reporting required as a listing ruleNo
Has written guidance on ESG reportingNo
Offers ESG related trainingYes

In 2022, the Banja Luka Stock Exchange provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)

Market covered by sustainability-related indexNo
Has sustainability bond listing segmentNo
Has SME listing platformNo
Women on boards mandatory minimum ruleNo
Additional information

Organizational model of stock exchange
  • Joint-stock company (Private company)

Regulatory bodies

Regulatory model
  • Under the Law the Commission is delegated the authorities and powers to:
    • Pass regulations on the Republika Srpska securities market operation; Prescribe the conditions, issuing method and trading of securities distributed through the public offer
    • Issue licenses and permits for the establishment of investment funds and investment fund management companies and other authorized participants in the securities market as well as supervise their operations
    • Monitor compliance with rules for ordinary trading and fair competition in securities trade
    • Organize, undertake and supervise measures for ensuring the efficient functioning of the securities market and the protection of investors' interests
    • Prescribe elements of mandatory disclosure to investors and the public on the operations of issuers and other securities market participants and supervise the application thereto
    • Suspend the issuance and trade of particular securities and undertake other activities in the case of manipulation during trade, or when it estimates that certain activities are endangering interests of investors and the public, or they are not in accordance with the Law or other regulations
    • Monitor and assess the situation and securities market trends
    • Implement the previous activities if provisions and regulations of the Law have been violated, pronounce fines for violations and undertake other measures for which the Commission is authorized;
    • Provide information on the activities of the securities market and disseminate such information
    • Cooperate with cognate international organizations.

About the stock exchange

Location: Banja Luka, RS, BiH.