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The Financial Supervisory Authority carried out the first actions of the S.T.E.A.M project

The FSA informs that it has completed the first actions of the S.T.E.A.M project, with the purpose of obtaining the status of emerging market, as part of the process of increasing the degree of accessibility and attractiveness of the Romanian capital market.

The first two actions are part of the measures needed to separate the transaction accounts from the custodial and settlement accounts and were fulfilled through:


• Modifying the Central Depository Code in regards to restricting the direct access of brokers to the financial instruments accounts of the custodians’ clients;


• Modifying the Bucharest Stock Exchange Code.

 

For more information, please see the Romanian version of the article, here.
 

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AUTORITATEA DE SUPRAVEGHERE FINANCIARA