The latest version of the draft law amending the capital market stipulates that the provision regarding the elimination of the maximum ownership limit in Romania’s five regional investment funds (SIFs), which currently stands at 5%, was withdrawn. However, the provision according to which the ownership threshold in market operators could be raised to 20% from 5% was maintained.
According to the initial draft law, presented early October, the maximum ownership limit in SIFs would be eliminated, while the ownership threshold in market operators would be raised to 20% from 5%.
In October, Calota said the government expected the representatives of the Bucharest Stock Exchange, the Central Bank, the Financial Supervisory Authority and the European Union to voice out their stance on the issue.