Administration

The president of the association provides the following:

• Long-term development of the alternative financial services sector in North Macedonia
• Dialogue with key political and institutional stakeholders
• Relationship development with alternative financial services sector market players

The following issues are within the competence of the General Secretary

• Internal operations of the Association
• Implementation of supervision over the members’ compliance with the provisions of the Articles of Association, Standard of good practice and other approved documents
• PR and promotion of the Association
• Representation of the association in communication with its members and third parties
• Management of the daily work

Assembly exists of all the members of Association and is the association’s supreme decision-making institution.

Only Assembly shall be authorized to perform the following activities:

• To amend the Articles of Association
• To elect or withdraw the auditor and members of the Supervisory Board
• To decide on liquidation or reorganization of the association
• To decide on matters related to shareholding in commercial companies or other non-governmental organizations.

In Supervisory Board there are one representative assigned from each member company that are elected for a period of two years.

The following issues are within the competence of the Supervisory Board of the association:

• Approval of the association’s budget
• Provision of opinion on current sectoral problems and solution thereof
• Approval of the sectoral good practice guidelines and standards

The auditor provides control over the financial and economic activity of the association and is elected by the General Meeting for a period of one year.