Regulatory Alerts2026-07-27
Added · Updated
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.
Share