Regulatory Alerts2026-01-22
Ordinance No. 15 of the Ministry of Finance and the BNB on the Control over Transactions in Government Securities
The Ministry of Finance and the Bulgarian National Bank issued Ordinance No. 15 to establish the regulatory framework and control mechanisms for transactions in government securities on primary and secondary markets. The ordinance defines the eligibility criteria, selection process, and obligations for primary dealers, while mandating joint oversight by the Ministry and the BNB to ensure market transparency and investor protection. It further details inspection procedures, reporting requirements, and enforcement measures to maintain compliance with the State Debt Law and international standards.
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