Serbia, Soon Law on Securities

President of Commission for Securities, Milko Štimac, announced that the Government of Serbia would soon take in consideration draft laws on securities' market and take-over. According to new legal solutions, financial market should strengthened, irregularities prevented in procedure for taking over of stocks of the companies and minor stockholder better protected.

Commission for Securities, as it was suggested, will be independent, financially independent of the Government and it will have possibility to start the inquiries if irregularities on the financial market occur. New laws on securities' market and take-over will regulate sanctions for deceiving of public through provision of inaccurate data.

The buyer of majority package of stocks in the take-over procedure will be obliged to procure all offered stocks of the minor stockholders under the same conditions