Regulatory Alerts2025-11-13
Ordinance No 50 of the BNB on the Appointment of Registered Auditors and External Independent Experts
The Bulgarian National Bank issued Ordinance No 50 to establish the procedure and requirements for appointing registered auditors and external independent experts to oversee credit servicers. The regulation mandates that the BNB Governing Council appoints these professionals from official lists based on strict criteria regarding professional qualifications, experience, and independence. It further details the registration processes, conflict of interest avoidance measures, and specific conditions for the deletion of persons from the approved lists.
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