FP manager Franklin Templeton Investment Management has had its mandate extended until July 10 in view of operations to list the fund on the London Stock Exchange.
The manager of the fund, Greg Konieczny, sadi Wednesday FP could run a secondary public offering on London in April-May if its receives ASF approval in due time.
ASF decided late November 2014 not to approve a regulation that would have allowed a company listed in Bucharest to enter a capital market in the EU via depository interests.
Fondul Proprietatea is a closed-ended investment fund, set up in 2005 to compensate people whose property was seized during the communist regime and could not be returned in kind. FP was listed on the Bucharest Stock Exchange in January 2011.
Its biggest shareholder is brokerage firm Manchester Securities Corp, controlled by U.S. hedge fund Elliott Associates, with 15.5%.
Fondul Proprietatea shares were trading at RON0.86 a share Wednesday, up 1.2% on the day.