Novelties in Serbian Legislation

Law on Alternative Investment Funds and Law on Open-Ended Investment Funds with a Public Offering, were adopted On October 10, 2019., both becoming applicable on April 20, 2020.

The main purpose of adopting the laws was harmonization of the Serbian legal system with the legal system of the European Union, as well as improvement and development of the capital market, which will consequently contribute to the development of the economy of the Republic of Serbia.

The application of the provisions relating to cross-border operations of alternative investment fund management companies and delegation of depositary operations are delayed until the accession of the Republic of Serbia to the European Union. The bylaws for application of the subject laws shall be rendered until April 20, 2020.

Detailed information can be found HERE.

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