Romanian Securities Commission issues ordinances

Securities Commission ordinance regarding the breach in ownership limit SIF Banat Crisana (SIF1), SIF Moldova (SIF2) and SIF Transilvania (SIF3) announced that the Securities Commission (CNVM) has issued several ordinances regarding the breach of the 1% ownership limit in SIFs. CNVM has identified several groups of investors which by acting in concerted manner has breach the 1% ownership limit and asked them to comply with the law within 90 days.

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