The Lithuanian Securities Market says that a new Act on Financial Instruments Markets will be approved by 23 December 2006 and come into force on 1 November 2007. The existing Act on Securities Market will be replaced by an Act on Securities. One of the most visible changes is that the Stock Exchange Monopoly will be abolished, a change in line with EU Legislation.
In addition, market Making will be introduced and the market making functionality performed by banks and brokers will improve market liquidity.