The Financial Supervisory Authority (ASF) of Romania has launched a draft regulation to adapt the current regulatory framework to Brexit so as to continue to allow London’s global depository certificates (GDRs) to be traded at the London Stock Exchange. GDRs belong to the Romanian companies Electrica, Romgaz, Fondul Proprietatea and Petrom, according to financialintelligence.ro.
The draft amending and supplementing the A.S.F. Regulation no. 4/2013 regarding the supporting actions regarding the certificates of deposit subject to public consultation between 13.03.2019-18.03.2019 it’s proposing mainly to introduce provisions to allow to application of GDR laws to trading in a third party country to European Union, says ASF.