Article 

ARTICLES OF ASSOCIATION
of Forex Traders Association
I. GENERAL PROVISIONS
Article 1.
By these Articles of Association, provisions on the name, headquarters, representation; on the
objectives and the activities through which those objectives would be realized; on accomplishing
the publicity of the activities; on representation; on membership and membership fees; on
members’ rights and obligations; on internal structure and organization; on the bodies of the
Association, their constitution, powers, decision-making procedures, election and recall conditions
and procedures, terms of office, and members’ responsibilities; assets and use of possible income,
acquiring assets; on termination of the Association and actions taken with the assets in case of
termination are regulated.
Article 2.
The name of the Association in Croatian is: Europska poslovna udruga
The name of the Association in English is: European Business Association
The short name of the Association in Croatian is: EPU
The short name of the Association in English is: EBA
The seat of the Association is in Zagreb, at Skrlceva 33
Article 3.
The European Business Association is an association registered with the City Office for General
Administration, the responsible institution of the state administration. The European Business
Association is a non-profit legal entity.
Article 4.
The European Business Association has an official stamp. The stamp of the European Business
Association is round in shape with diameter of 3cm and with text written along the border which
includes the Association’s name in English and Croatian and the word Zagreb.
Article 5.
The Association is represented by a President, Vice-President and Secretary. The General
Assembly can authorize other persons to represent the Association.
II. PURPOSE AND ACTIVITIES OF THE ASSOCIATION
Article 6.
The Association has been founded with the purpose of promoting European Union values
in Croatia, the exchange of ideas and experiences among members, and the advancement and
strengthening of their cooperation.
Article 7.
The activities of the Association are:
 Promotion, representation, harmonization and protection of members’ interests;
 Support and promotion of activities in the interest of members;
 Conducting and publishing of research and surveys on topics of interest to members;
 Development of information system and provision of European Union-related information;
 Organization of such educational activities as seminars, lectures, forums and workshops
for the promotion of European business values and practices;
 EU project preparation and management in areas of interest to members.
Article 8.
The operations and work of the Association are public. The publicity of operations is achieved in a
manner determined by the Articles of Association, and by:
 timely informing the members of the Association about its operations and significant
events by providing written reports, in special meetings or in any other appropriate
manner;
 issuing of press releases.

III. MEMBERSHIP
Article 9.
Any individual or legal entity can become a member of the Association if it submits a standard
application form and is approved with qualified majority of the General Assembly.
Article 10.
An individual or legal entity becomes member of the Association by decision of the General
Assembly and by registration in the Members’ Registry.
Article 11.
Annual membership fees are determined by the General Assembly.
Article 12.
Members have the following rights and responsibilities:
 payment of membership fees;
 involvement in the activities of the Association;
 participation in the governing of the Association;
 preserving and enhancing the reputation of the Association;
 preserving and protecting the assets of the Association.
Article 13.
Membership in the Association is discontinued or suspended by:
 voluntary withdrawal
 non-payment of membership fees
 expulsion
A member will be deleted from the Members’ Registry without a special decision if it fails to pay
the membership fees by the end of the running year.
A decision on the expulsion of a member from the Association is made by the President. A member
whose membership has been discontinued has the right to appeal to the General Assembly within
fifteen days from receiving a written notice on exclusion. The General Assembly has to make a
decision within 30 days from the time it receives the appeal. The decision of the General Assembly
is final.
Article 14.
The Association can join any alliance of associations or any international association. A decision on
joining is made by the General Assembly.

IV. BODIES OF THE ASSOCIATION
Article 15.
The bodies of the Association are:
 General Assembly
 President
 Vice-President
 Secretary
GENERAL ASSEMBLY
Article 16.
The General Assembly is the highest governing body of the Association. It consists of all adult
members of the Association and one representative of each legal entity member of the Association.
Article 17.
General Assembly meetings can be regular, election or special. Regular meetings take place once a
year, while election meetings take place once in four years.
General Assembly meetings are convened by the President of the Association at his/her own
initiative. In the decision to convene a meeting of the General Assembly, the President establishes
the agenda and the day and place of the meeting.
The President is also obliged to convene a meeting of the General Assembly in the event that at
least 1/3 of the members of the Association requests so. In their request for a meeting of the
General Assembly, its proponents are obliged to propose an agenda for the meeting. If the
President fails to convene a meeting of the General Assembly within 15 days from the day the
request has been delivered, the meeting will be organized by the requesting party (the decision
must include a proposal for the meeting’s agenda, and the time and location of the meeting).
Article 18. 
General Assembly meetings are presided over by the President. In the absence of the President,
the General Assembly will elect by open voting at the beginning of the meeting a person who
would preside over the meeting.
Minutes of the meetings of the General Assembly are kept and permanently stored in the archives
of the Association.
Article 19.
Decisions of the General Assembly are valid if taken by majority vote of the present at the meeting
members, provided that at least one third of all General Assembly members are present and it is
not otherwise prescribed by the Articles of Association.
Article 20.
The General Assembly:
 Establishes the Association’s development policy;
 Adopts and changes the Articles of Association;
 Adopts financial reports and the annual budget;
 Adopts other acts and decisions related to the operations of the Association;
 Elects and defines the responsibilities of the President, Vice-President and the Secretary;
 Reviews and adopts reports on the work of the Association;
 Provides guidelines for the work of the Association;
 Decides on expulsion appeals by members of the Association;
 Decides on the dissolution of the Association;
 Performs any other activities defined by law or the Articles of Association.
PRESIDENT
Article 21.
All executive and other functions defined by the Articles of Association shall be performed by the
President of the Association. The President is elected by the General Assembly for a term of four
years.
 Article 22.
The President:
 Represents the Association in public;
 Convenes General Assembly meetings,
 Governs the work of the General Assembly;
 Confirms the proposed agenda and the Articles of Association submitted for review and
adoption by the General Assembly;
 Approves operative programs;
 Ensures the realization of the adopted operative program and the execution of decisions
taken by the General Assembly;
 Manages the assets of the Association;
 Reports on the work of the Association in front of the General Assembly;
 Names ad hoc commissions and other bodies, and sets up their objectives;
 Publicizes the work of the Association in the general public;
 Supervises the Association’s material and financial operations;
 Decides on the expulsion of members from the Association;
 Performs other tasks and responsibilities as defined by the Articles of Association and other
acts of the Association.
Article 23.
The work of the President is supervised by the General Assembly. The President delivers an annual
report on his work to the General Assembly.
In case of absence or unavailability, the Vice-President replaces the President in the performace of
all his duties and activities. The Vice-President is elected for a term of four years.
SECRETARY
Article 24.
The Secretary is nominated and elected for a term of four years by the General Assembly for the
performance of administrative responsibilities related to the Association’s work.
The Secretary keeps and manages the Members’ Registry.
Article 25.
The General Assembly or the President can establish ad hoc or permanent commissions or other
work groups to concentrate on specific areas of interest to the Association.
The decision to establish a commission or work group should include information about its
composition, objectives, term of service, and liability.
V. ASSETS OF THE ASSOCIATION AND ACQUISITION OF ASSETS
Article 26.
The assets of the Association comprise:
 financial capital,
 mobile property,
 real property,
 other ownership rights.
Article 27.
The Association acquires assets:
 by collecting membership fees,
 by receiving voluntary contributions and donations,
 by receiving grants from the budget,
 from other sources in accordance with the law.
Article 28.
The President submits a report on the material/financial operations of the Association to the
General Assembly for review and adoption.

VI. TERMINATION OF THE ASSOCIATION
Article 29.
The occasions on which the Association can be terminated are defined by the law.
In the event of termination, the assets of the Association will go to its founders.
In the event of termination of the Association pursuant to a decision of the General Assembly, the
decision on termination must be taken by two-thirds majority of all members of the Assembly.
VII. INTERIM AND CLOSING PROVISIONS
Article 30.
The Articles of Association of the European Business Association are adopted by majority vote of
the total number of members of the General Assembly following a debate.
Article 31.
Interpretation of the provisions of these Articles of Association is provided by the General
Assembly.
Interpretation of other acts of the Association is provided by the President.