Regulatory Alerts2024-01-19
Ordinance No 50 of 30.03.2022 on capital adequacy, liquidity of investment firms and supervision of compliance thereof
The Financial Supervision Commission issued Ordinance No 50 to establish detailed capital adequacy, liquidity, and compliance supervision requirements for investment firms under the Markets in Financial Instruments Act. The regulation defines specific capital buffers, exemption procedures, and reporting obligations while differentiating regulatory burdens between small non-interconnected firms and significant investment firms. It further mandates strict permit procedures for capital adjustments, remuneration policies, and risk management frameworks to ensure alignment with relevant European Union regulations.
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