The Sarajevo Stock Exchange (SASE) was founded on 13 September 2001 and commenced trading on 12 April 2002, as a central marketplace for trading in securities in the Federation of Bosnia and Herzegovina, which together with Republika Srpska, makes up the post-war Bosnia and Herzegovina.
The Securities Commission defines the manner and conditions for taking the exam and for revoking the licence.
The SASE currently has 16 members, whose headquarters are spread around Bosnia and Herzegovina, the majority being in the country's capital, Sarajevo.
The supervisory board appoints the Manager of the Exchange who is in charge of the strategic planning and daily operations.
The memorandum of understanding lays the foundation for closer collaboration between the exchanges of Sarajevo and Vienna.