nr. 21, June 2007

Developments concerning Regulatory Framework in June were rather intensive, as a number of important legislative and normative acts were passed. The most important evolution refers to the amendments undertaken to the Law on Budget, through which the revenues and expenditures were supplemented with additional 620 million lei each. There were also adopted legislative amendments inducing the set up of a new institution – the National Commission of Financial Market – which will supervise the non-banking segment of the market.