Issuers responsible for incorrect data

The Finance Ministry decided to amend the Law for the CSE Central Registry and Depository. The new bill submitted to Parliament by the Ministry aims at “the improvement of the existing and the introduction of new procedures”. Specifically, the bill introduces the issuer’s responsibility for the correctness of the data and information on the listed securities as well as its responsibility for the compensation of the CSE or any other individual for possible losses attributable to its incompliance with its commitment for the provision of correct data. The bill also provides that the shareholders must notify the CSE if they disagree with the informative reports that the CSE releases from time ton time.