UniCredit Bank S.A.
Summary:
The law transposing MiFID II in Romania has been adopted
Fri, 18/05/2018
The law on the markets in financial instruments, transposing MiFID II into the Romanian legislation, has been adopted by the Deputies Chamber as decisional forum, after having already been approved by the Senate. The law will enter into force ten days after its publication in the Official Gazette, with the exception of the provisions related to funds distribution performed by credit institutions, which will enter into force with a term of six months after the publication.
Impact on investors: Romania adopted the law that transposes MiFID II into the local legislation.