Investment regulation - Bulgaria
Holding restrictions
| Threshold | Requirement | ||
| Bank shares investment | |||
| Acquisition reaching or crossing 10%, 20%, 33% or 50% threshold of voting shares | Prior approval from the BNB required before purchase. Non- compliance incurs loss of voting powers until receipt of written permission by the BNB. | ||
| Holding falling below 20%, 33% or 50% threshold of voting shares | Prior notification to the BNB required 10 days prior to the change in the threshold. | ||
| Insurance company shares investment | |||
| Acquisition crossing 10%, 20%, 30%, 50% threshold or more of voting shares | Prior approval from the FSC required before purchase. Non- compliance incurs loss of voting powers until receipt of written permission by the FSC. | ||
| Holding falling below 10%, 20%, 33% or 50% threshold of voting shares | Prior notification to the FSC required. | ||
| Investment intermediary, managing company or market operator shares investment | |||
| Acquisition reaching 10% or existing holding crossing 20%, 33% or 50% of voting shares | Prior notification to the FSC required. | ||
| Holding falling below 10%, 20%, 33% or 50% threshold of voting shares | Prior notification to the FSC required. | ||
Disclosure requirements
For details of the local domestic disclosure requirements, please refer to the Disclosure Requirements.