New Law on the Capital Market bylaws come into force

On 16 July 2022 new Law on the Capital Market bylaws come into force. The Commission adopted the bylaws at its 22 and 23 session of the tenth term of office held on 30 June and 5 July 2022. The bylaws were published in the Official Gazette of RS No 77, on 8 July 2022. The rulebooks will be applied as of the day of application of the new Law on the Capital Market (Official Gazette of RS, No 129/21), that is 6 January 2023.

The list of rulebooks:

1. Rulebook on public disclosure of inside information  
2. Rulebook on the list of persons with access to inside information and on updating the insider list
3. Rulebook on the content of notification made by persons discharging managerial responsibilities or persons associated with them and on the circumstances under which an issuer may permit trading during a closed period
4. Rulebook on investment recommendations
5. Rulebook on market sounding
6. Rulebook on practices which might be considered market abuse and procedures for preventing and detecting market abuse and reporting of suspicious transactions
7. Rulebook on fines 
8. Rulebook on licensing and requirements for conducting market operator activities and systematic internalizers
9. Rulebook on granting approval for appointment of members of the management body of market operators, investment firms, Central Securities Depository and Clearing House and of an “approved publication arrangement” or “APA” 
10. Rulebook on approvals for acquisition of qualifying holdings in a stock exchange, investment firm and Central Securities Depository and Clearing House
11. Rulebook on organizational requirements for the provision of investment services and performance of investment activities and ancillary services, and risk management 
12. Rulebook on rules of conduct for investment firms when providing investment services
13. Rulebook on requirements for auditing financial statements of publicly traded companies
14. Rulebook on authorization to carry out activities of an investment firm
15. Rulebook on authorization to carry out activities of an “approved publication arrangement” or “APA”, organizational requirements and disclosures
16. Rulebook on granting a status of a qualified investor and keeping the register of qualified investors
17. Rulebook on exempt offerings  
18. Rulebook on the official register of information
19. Rulebook on prospectuses
20. Rulebook on public company reporting