The start of application of the BDC Liquidity Rulebook and of liquidity reporting

The application of the Rulebook on Liquidity of a Broker-Dealer Company starts on 20 July 2016. Investment firms are required to notify the Securities Commission of the liquidity indicator and the volume of liquidity for all business days of the previous month by the 15th day of the current month. They are required to file electronically the completed Excel Forms 1 and 2, to the e-mail address of izvestaji.likvidnost@sec.gov.rs. This means that the first forms for the month of July must be filed by 15th August 2016, for the days from the beginning of application of the Rulebook (that is from 20 July 2016).

A new capital liquidity rulebook for broker-dealer companies was passed by the Securities Commission at its 332 session on 8 April 2016.

This Rulebook governs the minimum requirements for liquidity risk management of a broker dealer company, how to calculate liquidity indicators, the lowest level of liquidity allowed and reporting on liquidity by broker-dealer companies.

The Rulebook was published in the Official Gazette of Republic of Serbia on 13 May, 2016 and came into force on 21 May 2016. The application of the Rulebook on Liquidity of a Broker-Dealer Company starts on 20 July 2016.