The stock exchange’s managing authorities are defined by the stock exchange Statute, which came into force on February 9, 2004. The Assembly includes represen- tatives of stock exchange shareholders. Currently there are fifty-seven shareholders, out of whom the highest number is represented by the Banks (forty-one representa- tives), legal entities (ten representatives), and one representative each from the bro- kerage/dealers’ society, Postal Savings Bank, Energoprojekt Garant . for insurance and reinsurance (Belgrade), the company Dunav Insurance from Belgrade, as well as the State Union of Serbia and Montenegro and the Republic of Serbia. The Assembly elects the Steering Committee, comprised of fifteen members. The Securities’ Exchange Commission approves the.