Regulatory Alerts2026-03-10
Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries
The Bulgarian National Assembly enacted this Law to establish the rules and procedures for the recovery and restructuring of credit institutions, investment intermediaries, and related financial entities in Bulgaria. It designates the Bulgarian National Bank and the Commission for Financial Supervision as the respective restructuring authorities, mandating them to prepare recovery plans, conduct early intervention, and coordinate with the Single Resolution Board and European supervisory bodies during financial distress. The legislation further requires ministerial approval for resolution measures impacting public finances, establishes independent internal units for resolution tasks, and aligns national procedures with EU Regulations 806/2014, 1024/2013, and 648/2012 to ensure financial stability and minimize systemic risks.