AFSA publishes for public consultation the draft law for capital market

Albanian Financial Supervisory Authority makes available for public consultation the draft law: “On Capital Markets” and the draft law “Collective Investment Undertakings”.

These draft laws reflects the best European practices and are based on the legislation and EU standards, actually MiFID II directive, UCITS and AIFM directives. Drafting of these draft laws supports the objective of granting EU membership for Albania.

These draft laws are prepared as part of the Project “Strengthening of the Albanian Financial Supervisory Authorities’ supervising capacities: Focus on Development of Capital Market”, financed from Swiss State Secretariat for Economic Affairs (SECO) and supported from World Bank.