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Financial Services Industry Monthly Bulletin

March 2010


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FSI MarchWelcome to the March edition of Financial Services Industry Monthly Bulletin – a banking and finance law publication by  Reff & Associates, correspondent law firm of Deloitte Romania and Deloitte Tax

Each month, our specialist team of finance lawyers and tax advisors prepares for you a summary of the latest legal, tax and regulatory developments relevant for banks, non-banking financial institutions, private pensions and capital markets in Romania. In addition, our bulletin updates you on the most recent changes and trends in the international financial services industry regulatory framework. 

Highlights in the current issue:

Banking: National Bank of Romania NBR amends the current regulatory framework regarding the liquidity of credit institutions

Private Pensions: Private Pension Supervisory Commission amends the current regulatory framework on the control procedure for entities operating in the private pension system;

Capital Markets: 

  • National Securities Commission approves the registration of Property Fund; 
  • New regulations on securities lending and short selling transactions

For additional information, please download the Pdf. document.

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Contact
Andrei Burz-Pinzaru
Partner
Tel: + 40 21 222 16 61