The Bulgarian Association of Licensed Investment Intermediaries (BALII) is an organization of legal entities having obtained permission to perform activity as investment intermediaries (securities brokers/dealers). The Association was established with its main objective being the protection of the interests of the professional guild and gaining influence in society as an active partner of the institutions related to the development of the capital market.
The fundamental concept underlying the Association’s activities is the joining of efforts for the purpose of sustainable application of the principles of equitable and fair trade, the high standards of professional ethics, protection of the investors’ interests.
The ambition of BALII as the only organization representing the investment intermediaries is to have an active position with respect to the formation of the legal and regulatory framework related to the organization and regulation of the market and the new realities following the membership of Bulgaria in the European Union.
The main priorities in the work of the Association are in the field of:
formation and improvement of the regulatory framework;
development of the markets;
cooperation with the Bulgarian Stock Exchange and the Central Securities Depository;
introduction and development of new technologies;
training and qualification of personnel including administration of exams for floor brokers and investment advisors;
public relations and public awareness of the opportunities related to investment;
BALII is an organization which is open for all entities whose interest it represents. All investment intermediaries which are not members of BALII are invited to join the Association and the same invitation applies to commercial banks which perform activities as investment intermediaries.