Rulebook update

Serbia’s Securities Commission adopted a new Rulebook on the supervision it is carrying out.                                                                                                                                 

The new Rulebook will provide more transparency in the work of the capital market’s participants.

• Participants on the capital market which are subject to the supervision of the Republic of Serbia Securities Commission are:  Investment companies, broker-dealer companies, authorised banks, persons possessing qualifying holdings, directors and other employees of such companies

• Individuals holding a license issued by the Commission

• Market operators and persons possessing qualifying holdings, directors and other employees of such companies (regulated market and Multilateral Trading Facility-MTP)

• Participants in trading with financial instruments which are included in trading on the regulated market and MTP in the Republic of Serbia or on regulated markets abroad and OTC transactions

• Central Securities Depository and Clearing House (CSD), directors and other employees of the CSD

• Issuers and public companies

• The Investor Protection Fund Operator and fund members

• Management companies of investment funds and custody banks as defined by provisions of the Law on Investment Funds

• Offerors and participants in takeover processes and other participants within the meaning of the Law on Takeovers of Joint Stock Companies

• Other persons considering their activities on the financial market within the meaning of the law on the Capital Market including supervision of individuals and entities that are providing investment and additional investment services in contravention of the Law on the Capital Market
  

The new Rulebook entered into force on 19 August 2016.

Contact:

Dragana Stijelja
Junior Corporate Actions and Tax Specialist
Global Securities Services
Tel: +381 (0) 11 3028 687
dragana.stijelja@unicreditgroup.rs