As the deadline for submission of annual statements is 30 April and this year it is Saturday, a non-working day, public companies are to submit their annual reports by the following working day – Wednesday, 4 May 2022, by 6 PM, which is the end of working hours of the Securities Commission Electronic Submissions Gateway.
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.
Improved measures to combat money laundering and terrorist financing and National Risk Assessment Compendium made available to the public
Following the favorable review according to a new follow-up report published by the Council of Europe anti-money laundering body MONEYVAL (more about this in the text of the article), the regulatory authorities prepared a compendium of the comprehensive National Risk Assessment and made it available to the public.