Securities Commission adopts all ten rules
- Securities Commission adopts all ten rules
- Post By daniloc
- 15:15, 20 april, 2002

Podgorica (MINA-BUSINESS) - The Securities Commission passed on Friday ten rules regulating the activities of privatisation funds, vice-chairman of the commission Zoran Djikanovic told Mina-business. "Six rules were adopted unanimously and chairman of the commission Slobodan Lakic abstained from voting for rules defining the transformation of the funds into investment funds, depositing the money, calling first shareholders meetings of investment unit holders and mutual exchange of shares," Djikanovic said. The commission also adopted a regulation on keeping business books, financial statements, public presentations, supervisory board and the control and issue of investment units. The funds had first asked for the adoption of these rules on January 31. The adoption of the rules followed a session of the Securities Commission, USAID experts and representatives of six privatisation funds.