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).
© 2020 KPMG Bulgaria OOD, a Bulgarian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.