New Law on Capital Market adopted

The Republic of Serbia Assembly adopted a new act on the capital market. After ten years of application of the “old” Capital Market Law (RS Official Gazette, No 31/11, 112/15, 108/16, 9/20 and 153/20) amended and fine-tuned on several occasions in this period, in response to the needs and developments of the market and its participants – Serbia now has the new, more comprehensive and detailed, EU-aligned text. The new law is aligned with the EU regulations governing   markets in financial instruments (MiFid II), prospectus,  investor compensation regimes, transparency, settlement finality in securities settlement systems, and market abuse.

The aim of the Law is to lay foundations for the development of the capital market in Serbia, greater transparency and responsibility in business, creating and developing financial instruments that are offered on the capital market offering additional sources of finance to companies in Serbia and thus creating a more attractive market for both domestic and foreign investors.

The Law will enter into force on 5 January 2022, and its application will start one year from the day of its entry into force, 5 January 2023.

Law on the Capital Market