New BDC Liquidity Rulebook in force

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. It shall be in application within the time period of six months of the day of its coming into force.