Banking, Capital markets and FIS - legislative news flash 18 October 2012


In a nutshell:

1. The financial investment services companies are expressly allowed to perform fiducia activities, in accordance with the provisions of the New Civil Code.

2. The definition of the regulated market includes reference to trading greenhouse gas emission certificates.

3. The scope of the application of market abuse provisions is extended to greenhouse gas emission certificates traded on a regulated market in Romania or in an EU member state.