RegAlert2026-07-27
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Law on Special Purpose Investment Companies and Securitization Companies
This Law establishes the legal framework for the establishment, licensing, operation, and supervision of Special Purpose Investment Companies (SPICs) and Securitization Companies in Bulgaria. It mandates a minimum initial capital of 250,000 euros for SPICs, requires at least 70% of assets to be invested in real estate or receivables, and designates the Commission for Financial Supervision as the primary regulatory authority. The legislation also regulates the activities of originators, initial creditors, and sponsors in securitizations under Regulation (EU) 2017/2402, ensuring investor protection and market transparency.
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LAW on Special Purpose Investment Companies and Securitization Companies Pub. - State Gazette, No. 21 of 12.03.2021; amended, No. 25 of 29.03.2022, effective from 08.07.2022; amended and supplemented, No. 51 of 01.07.2022; amended, No. 70 of 20.08.2024, effective from the date determined in the Decision of the Council of the European Union on the adoption of the euro by the Republic of Bulgaria, adopted in accordance with Article 140(2) TFEU, and Council Regulation adopted in accordance with Article 140(3) TFEU; amended and supplemented, No. 50 of 20.06.2025, effective from 20.06.2025; amended and supplemented, No. 67 of 15.08.2025; amended and supplemented, No. 25 of 10.03.2026; amended, No. 67 of 24.07.2026
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Source: Financial Supervision Commission Bulgaria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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FSC published 2 documents in the last 30 days. We email you each new one the day it's published.