The draft aims to amend and complete Law no.297/2004 regulating the capital market and is part of a broader initiative put forward by a work group run by the Bucharest Stock Exchange. The group includes representatives of the capital market and of supervisory and regulatory authorities, namely, the Financial Supervisory Authority (ASF), the Central Bank (BNR) and the Finance Ministry.
The draft also targets, among others, to increase the number of institutional investors in Romania and to stimulate people to invest directly or indirectly in listed financial instruments.