Legal Framework

Legal Basis

The Bulgarian capital market operates within the framework of the following legal provisions:

Public Offering of Securities Act

Markets in Financial Instruments Act

Measures Against Market Abuse With Financial Instruments Act

Special Investment Purpose Companies Act

Privatization and Post-privatization Control Act

Financial Supervision Commission Act

Credit Institutions Act

Supplementary Supervision of Financial Conglomerates Act

Ordinance of the FSC on the conditions and procedure for execution of margin purchases, short sales and lending of financial instruments

Ordinances of the Financial Supervision Commission

Rules and Regulations of the BSE-Sofia