Capital Markets Regulatory Update Q4 2024

The Bulgarian Financial Supervision Commission (FSC) has introduced several important regulatory changes affecting capital markets participants in Q4 2024.

Key Regulatory Changes

The amendments focus on enhancing transparency requirements for listed companies and strengthening investor protection mechanisms. Investment intermediaries are now required to implement additional disclosure procedures for complex financial instruments.

Impact on Listed Companies

Public companies listed on the Bulgarian Stock Exchange must adapt their reporting procedures to comply with the new quarterly disclosure requirements. The changes align Bulgarian regulations more closely with EU directives while maintaining specific provisions for the local market context.

Practical Implications

Our team has been actively advising clients on compliance strategies and implementing the necessary procedural adjustments. We recommend that affected companies begin their compliance review process immediately to ensure timely implementation.

For detailed guidance on how these changes may affect your business, please contact our Capital Markets practice team.