The Alternative Financial Services Association of North Macedonia
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Administration

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

Assembly

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.

Supervisory Board of the Association

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

Auditor

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.