site.btaCapital Market Development Strategy Approved

Capital Market Development Strategy Approved

Sofia, November 18 (BTA) - A Bulgarian Capital Market Development Strategy has been approved, Financial Supervision Commission (FSC) Chair Karina Karaivanova said on Friday. The strategy has been published on the FSC website.

Speaking at the 5th Investor Finance Forum, Karaivanova said the strategy envisages bolstering the liquidity of the Bulgarian capital market, attracting more investors, upgrading the regulatory framework and protecting the interests of minority owners. Measures are also planned to reduce the administrative burden on investors.

One of the planned steps is to amend the Public Offering of Securities Act. Karaivanova said that the legislative proposal has been brought to the knowledge of major associations. The idea is to hold a discussion on necessary improvements in the regulatory framework. "I hope we can join forces to create a better framework making it possible to develop the great potential which I see in the Bulgarian capital market," she said.