Regulatory Alerts2026-07-27
Added · Updated
Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries
This law establishes the legal framework for the recovery and restructuring of credit institutions, investment intermediaries, and specific financial holding companies in Bulgaria. It designates the Bulgarian National Bank as the restructuring authority for credit institutions and the Commission for Financial Supervision for investment intermediaries, requiring them to maintain independent restructuring units. The legislation mandates the preparation and annual updating of recovery plans by affected entities, subject to regulatory assessment, and outlines procedures for coordination with the Single Resolution Board and the Ministry of Finance during systemic crises or when public funds are at risk.