English
The Romanian National Securities Commission (CNVM) has licensed the Romanian Central Bank to sell bonds issued by foreign banks which its holds in its portfolio on the interbank market, subject to said bonds being listed on the Stock Exchange and recorded in the Central Shareholder Registry.
According to the license of the CNVM, which was published on Friday, "the provisions apply in case related regulations of the NBR set the use of bonds as assets eligible for monetary policy operations and for the lending facilities of the central bank".
At the same time the license granted by the CNVM states that entities which buy such bonds from the NBR will have to be registered with the CNVM, and their corporate bylaws will have to include executing orders on behalf of clients and/or being able to perform transactions on their own behalf.
The intermediaries of such transactions will be required to notify the CNVM of any such transactions involving bonds in which the NBR served as counterparty, as well as the regulators of any other markets that those bonds are traded on which are relevant in terms of liquidity, in order to comply with European laws". Such notification will have to be made within one day at the latest.
The Bucharest Stock Exchange currently lists bonds issued by three foreign banks, which include the European Bank for Reconstruction and Development (EBRD19), the European Investment Bank (EIB14) and the International Bank for Reconstruction and Development (IBRD09).
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
