Malta Stock Exchange plc
The Malta Stock Exchange became a reality upon enactment of the Malta Stock Exchange Act in 1990, and commenced its trading operations on 8 January 1992. Today it is a fully-fledged regulated market which successfully fulfils its role as an effective venue to raise capital finance.
The Exchange carries out this role by providing a structure for admission of financial instruments to its recognised lists which may subsequently be traded on a regulated, transparent and orderly market place (secondary market).The main participants in the market are Issuers, Stock Exchange Members (stockbrokers), and the investors in general. Apart from admission and trading, the Exchange offers a comprehensive range of back–office services including maintenance of share and bond registers, clearing and settlement and custody services through its Central Securities Depository (CSD) which is situated in-house. It also has a link with Clearstream Banking in Frankfurt, Germany and in Luxembourg facilitating international access. The Malta Stock Exchange offers a varied spectrum of products and services.
Board of Directors
The Board is appointed in terms of Article 7 of the Memorandum and Articles of Association of the Company. The Board is appointed by the Government of Malta, as shareholder of the Company and is composed of six  members, including the Chairman. The Board is responsible for setting out the strategy and policy of the Exchange and also has the power to transact all business of whatsoever nature not expressly reserved by the provisions of any law for the time being in force to be exercised by the Exchange in general meeting or in respect of which specific provisions are made in the Articles of Association.
The current Board Members are :
Mr Joseph Portelli, Chairman
Professor Joseph Falzon, Deputy Chairman
Mr Steven Tedesco, Director
Dr Stephanie Fabri, Director
Mr Maurice M Gruppetta, Director
Mr Michael Parnis, Director
Ms Marie Cordina, Secretary to the Board
The Board may establish an Audit Committee, under the Chairmanship of a Director so appointed by the Board, which shall exercise any powers and duties conferred upon it by the Board in terms of the Articles of Association of the Exchange.
The Audit Committee shall be composed of at least three (3) Directors of the Exchange so appointed by the Board, one of whom the Board shall appoint as Chairman and who shall have a casting vote, the Financial Controller and any other person as may be deemed appropriate.
An officer from within the Board and Executive Secretariat shall be appointed to act as Secretary to the Audit Committee.
Risk Management Committee
The Board may establish a Risk Management Committee, under the Chairmanship of a Director so appointed by the Board, which shall exercise any powers and duties conferred upon it by the Board in terms of the Articles of Association of the Exchange.
The Risk Management Committee shall be composed of at least two (2) Directors of the Exchange so appointed by the Board, one of whom the Board shall appoint as Chairman and who shall have a casting vote, the Chief Executive Officer, the General Manager, the Assistant General Manager Board & Executive Secretariat and any other person as may be deemed appropriate.
An officer from within the Board and Executive Secretariat shall be appointed to act as Secretary.