Regulatory Alerts2026-06-08
Law on Markets in Financial Instruments
The Commission for Financial Supervision of Bulgaria regulates and supervises markets in financial instruments, investment intermediaries, and related entities to ensure investor protection and market stability. The law implements EU regulations including MiFID II, MAR, and SFDR, defining the scope of financial instruments and establishing the Commission as the competent authority for prudential and conduct supervision. It outlines specific exemptions for certain entities, such as insurers and non-financial corporations, while mandating compliance with transparency, reporting, and operational resilience standards.
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