Regulatory Alerts2026-07-27
Added · Updated
Law on Markets in Financial Instruments
The Law on Markets in Financial Instruments regulates the licensing and activities of investment intermediaries, regulated markets, central securities depositories, central counterparties, and benchmark administrators. It establishes the Financial Supervision Commission as the competent authority for supervision and enforcement, defining its powers under EU Regulations 600/2014, 575/2013, 2019/2033, and 2022/2554. The law mandates investor protection, market integrity, and stability, while specifying exemptions for certain entities such as insurers, employee participation schemes, and non-financial entities trading for their own account. It also designates the Commission as the data collection body for the European Single Access Point under Regulation 2023/2859.