Bulgaria – FSC EU Shareholders Directive

Bulgaria – FSC EU Shareholders Directive

On 30 April 2020, BUL FSC adopted EU shareholders rights directive.

  • Consultation on ordinance to amend and supplement ordinance 48 of 20 March 2013 on requirements for remuneration and thereby transpose EU shareholders rights directive.
  • Issued draft regulation and the reasons for it, as well as reference for EU compliance.
  • Proposed amendments regarding management remuneration policy bodies in public companies, insurers, reinsurers and supplementary social security companies.
  • Process of registration of authorized advisors introduced through LPOS of POSA.

Effectiveness

  • Proposals can to be submitted until 1 June 2020.