• ROM ASF issued draft regulation amending Reg 3/2016 on criteria and procedure for assessment of acquisitions/takeover and shareholding increases in FSA-regulated entities.

Purpose

• Clarify assessment processes for acquisitions/takeovers, increases in shareholding in regulated entities.
• Aligns and harmonizes Reg 3/2016 to provisions of ESAs common guide on prudential assessment of acquisitions and increase of shareholdings in financial sector.
• Due to the fact that competent authorities are responsible for implementing supervisory practices with the provisions of the guide within the national framework.
• It is also considered necessary to harmonize the provisions of this regulation with the provisions of sectoral legislation, in light of situations in which potential acquirers have already been assessed by the authority on the basis of an acquisition project.

Effectiveness

• Deadline for submission of comments on the draft regulation is 7 June 2025.