To amend national law due to the entry into force of the regulation on EU green bonds.
EUGBR Reg 2023/2631 requires member states to ensure in their national legislation the competent authorities have necessary powers to effectively monitor the regulation.
FIN GVT proposes to increase FINFSA powers to effectively monitor the obligations of issuers and securitization originators referred to in the EU Green Bonds Regulation and to impose penalties for those who fail to fulfill those obligations.
The necessary amendments are proposed to be made to the Act on Financial Supervision, the Securities Market Act, and the Act on Trading in Financial Instruments.
Dec. 2024 Bill Approved
On Dec. 5, 2024, FIN GVT said FIN PRL approved bill on regulating EU green bonds.
Confirmed the Act amending the Act on the Financial Supervision Authority, the Act amending the Securities Markets Act and the Act amending Chapter 3, Section 8 of the Act on Trading in Financial Instruments will come into force on Jan. 17, 2025.
