Regulatory Alerts2004-05-05
Decree No. 15 of 05.05.2004 on the Maintenance and Preservation of Registers by the Financial Supervision Commission and on Circumstances Subject to Registration
The Financial Supervision Commission of Bulgaria issued Decree No. 15 of 05.05.2004 to establish the procedures for maintaining, preserving, and providing public access to its electronic registers and physical files for a wide range of financial market participants. The regulation mandates that all registered entities, including regulated markets, investment intermediaries, insurers, and alternative fund managers, must submit specific circumstances and changes within seven days via standardized electronic or paper applications. It further details the mandatory data points for registration, the Commission's authority to impose administrative measures and sanctions, and the strict archival and integrity standards governing the automated information system.