site.btaParliamentary Budget Committee Approves in Principle Amendments to Markets in Financial Instruments Act

The parliamentary Committee on Budget and Finance approved at first reading a bill amending and supplementing the Markets in Financial Instruments Act. The draft legislation, submitted by the Council of Ministers, passed with 11 votes in favour, 2 against, and 4 abstentions.

Deputy Finance Minister Metodi Metodiev presented the bill and its rationale to the committee. The proposed amendments aim to transpose requirements and implement measures related to five pieces of European Union legislation into national law.

The bill seeks to correct technical inaccuracies and omissions identified by the European Commission during its compliance review of Bulgaria's transposition of EU directives.

The draft legislation is included as a 2025 action item in Bulgaria’s EU membership obligations action plan.

According to the Finance Ministry, the expected outcomes include improved regulatory oversight, enhanced quality and content of data, clarified licensing requirements under the single licence regime, and strengthened cooperation between home and host Member State authorities. The amendments also aim to harmonize requirements for submitting regulated information via a single access point, thus facilitating investor access.