At the 108 session of the IX term of office held on 29 October 2019, the Securities Commission adopted changes to the Rulebook on Fees. The Rulebook governs the fees and charges payable to the Commission in respect of the services it provides: approvals of prospectuses, issues, offering and admissions of securities, relevant licenses etc. The application of the Rulebook will commence on 1 January 2020.

On Tuesday, 29 October 2019, a round table was held on capital market topical issues on the University of Singidunum premises. Marko Janković, Chairman of the Securities Commission delivered an introductory speech. Mr Janković talked about the laws recently adopted, governing undertakings for collective investment in transferable securities and other forms of investment funds. Specifically, the Law on Alternative Investment Funds and the Law on Open-End Investment Funds with a Public Offering were discussed, including other topical issues of importance to the capital market development.

The World Bank ranked Serbia 37th, when it comes to minority shareholders’ rights in related-party transactions and in corporate governance, in its Doing Business 2020 report within the Economy Profile of Serbia. This topic measures the strength of minority shareholder protections against misuse of corporate assets by directors for their personal gain as well as shareholder rights, governance safeguards and corporate transparency requirements that reduce the risk of abuse. The improvement achieved in this area is the highest leap and represents a progress from the 83rd to 37th rank.