Changes are introduced in relation to the disclosure of information
The amendments to the Public Offering of Securities Act introduced in the beginning of June 2016 provide for changes in the disclosure of information, including:
The changes about the disclosure of information affect all issuers as well as the entities whose activities are regulated under the Energy Act and the Water Supply and Sewerage Regulation Act by the Energy and Water Regulation Commission, state-owned enterprises under Article 62, para 3 of the Commercial Act and the commercial companies where more than 50 percent of the capital is held by the state or a municipality.
For a detailed summary of the changes, please see the new report from KPMG (available in Bulgarian).
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