On Thursday, the Government adopted a draft law transposing into national legislation the latest European regulations on ensuring proper information for investors, facilitating easy and structured access to data, and improving transparency on financial instrument markets.
According to a press release from the Executive, the draft concerns two European directives published in the Official Journal of the European Union between December 2023 and March 2024, namely Directive (EU) 2023/2864 and Directive (EU) 2024/790.
At the same time, the draft law will regulate the possibility for market operators to temporarily suspend or restrict trading in emergency situations.
"The amendments introduced by the draft law will ensure that entities within the capital market sphere, including investors and prospective investors, benefit from enhanced transparency and easy, structured access to the information required to make informed investment decisions. Furthermore, the centralised publication of data will reduce information fragmentation, improve the circulation of information both within Member States and at cross-border level, and increase the digital use of such information. Entities subject to reporting requirements will need to adapt their procedures and IT systems to the new requirements," the press release states.
The draft law will be submitted to Parliament for debate and adoption.
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