Bulgarian Stock Exchange Rules Change Approved, Says HVB

The Financial Supervisory Commission has approved changes in the rules and regulations of the Bulgarian Stock Exchange, says HVB Bank. The first change is that the BSE employees will have to disclose and avoid any conflict of interests which could

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The Financial Supervisory Commission has approved changes in the rules and regulations of the Bulgarian Stock Exchange, says HVB Bank.

The first change is that the BSE employees will have to disclose and avoid any conflict of interests which could appear during their daily work. They will be prohibited to work on projects where such conflict could exist. The second change is that the BSE requires its members to take the necessary steps to assure that they apply the same rules for avoidance to the conflict of interest between them and the BSE, other members, clients and even between the clients. Sanctions will apply for those breaching these rules.

“This is a step towards the building of a reputable Capital Market,” says a spokesman from HVB Bank.

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