The Republic of Serbia Assembly adopted new investment fund legislation

The Republic of Serbia adopted a set of new financial laws among which the members of assembly adopted the Law on Open-End Investment Funds with a Public Offering and the Law on Alternative Investment Funds. The adoption of the laws separated the matter in accordance with the EU acquis into two laws. 

The adoption of these laws is to advance the development of capital market and to attract investors. It will facilitate alternative financing sources for micro, small and medium-sized enterprises. Moreover, this regulatory activity and the alignment of the national legal framework with the European Union acquis means that the Republic of Serbia is fulfilling its obligations within the Negotiating Chapter 9 - Financial services.