Regulatory Alerts2003-12-03
Decree No. 11 of 03.12.2003 on Licenses for Regulated Markets, Market Operators, Investment Intermediaries, and Related Financial Entities
The Financial Supervision Commission of Bulgaria issues Decree No. 11 to establish the specific conditions and procedures for granting licenses to regulated markets, market operators, investment intermediaries, and various fund management entities. The regulation mandates strict capital requirements, corporate structuring, and comprehensive documentation regarding governance, IT systems, and personnel qualifications for all applicants. It further details the submission processes, required forms, and specific evidentiary documents needed for licensing, approvals, and registrations under Bulgarian financial law.
Share