Lietuvos vertybinių popierių rinkos infrastruktūra

LTVertybinių popierių rinkos dalyvius galima suskirstyti į dvi grupes: klientai (emitentai ir investuotojai), kurie savo dalyvavimu VP rinkoje siekia tam tikrų tikslų, ir dalyviai, kurie sudaro sąlygas klientų dalyvavimui VP rinkoje, užtikrina sandorių vykdymo efektyvumą. Tokie rinkos dalyviai formuoja V P rinkos infrastruktūrą, nuo kurios funkcionavimo efektyvumo priklauso VP rinkos plėtra. [Iš leidinio]Reikšminiai žodžiai: Infrastruktūra; Investuotojai; Vertybiniai popieriai; Vertybiniai popierių rinka; Vertybinių popierių rinka; Infrastructure; Investors; Securities; Securities market.

ENInstitutions, which insure market infrastructure, are essential for the existence of any market. The main objectives of securities market infrastructure are minimization of investment costs and investment risk. Trying to achieve these objectives, infrastructure institutions perform such functions: mediation, accounting, supervision, control, etc. The infrastructure of Lithuanian securities market consists of these institutions: Securities Commission, Central Securities Depositorium, National Securities exchange, Clearing Bank, Guaranties fund, Financial Broker Enterprises and Financial Broker Department. Lithuania passed the main laws, regulating securities circulation, functioning of functional chains of securities market, defending the interests of investors, etc. However, it is necessary to mention, that some of the requirements for the financial mediators (requirement for the starting capital, official registration of relations with the clients) arc too strict, causing the decline of the number offinancial brokers and the decline of competition in the sphere offinancial mediation. Such a situation deminishes the efficiency offinancial mediation and increases investment costs. [Text from author]