Name of law a law amending the Act on the financial supervision Commission Named the Bill the Bill amending the Act on the financial supervision Commission adoption date 29/02/2012 number/year Official Gazette 21/2012 Decree No 101
On the grounds of art. 98, paragraph 4 of the Constitution of the Republic of Bulgaria
I DECLARE:
To be published in the Official Gazette the law amending and supplementing the Act on the financial supervision Commission, adopted by the National Assembly of the HLI 29 February 2012.
Issued in Sofia on 7 March 2012.
The President of the Republic: Rosen Plevneliev
Stamped with the State seal.
Minister of Justice:
Diana Kovatcheva
LAW
amending the Act on the financial supervision Commission (official SG. 8 of 2003; amend., no. 31, 67 and 112 since 2003, 85/2004, no. 39, 103 and 105 by 2005, issue 30, 56, 59 and 84 of 2006, 52/97 and 109 from the 2007 No. 67 of 2008. , PC. 24 and 42 by 2009, PCs. 43 and 97 from 2010 and PC. 77 by 2011.)
§ 1. In art. 13, para. 1 make the following amendments and additions:
1. a new item 20:
20. cooperation with the European Commission, the European insurance and occupational pensions authority, the European Securities and markets authority and the European systemic risk Board and provide them with the information necessary for the performance of their duties; ".
2. The former item 20, 21, 22 and 23 shall become item 21, 22, 23 and 24.
§ 2. In art. 25 the following amendments and supplements shall be made:
1. In paragraph 8. 1:
a) a new paragraph 3:
"3. the European insurance and occupational pensions authority, the European Securities and markets authority, the European banking authority and the European systemic risk Board, in so far as this is necessary for the performance of their functions;"
(b)) the current item 3, 4, 5 and 6 shall become item 4, 5, 6 and 7.
2. in the Al. 7 the words "item 2 and 3 ' shall be replaced by" item 2 and 4.
Final provisions
§ 3. In the social security code (promulgated, SG. 110; since 1999 decision No 5 of the Constitutional Court from 2000 – 55/2000; amend., no. 64 of 2000, issue 1, 35 and 41 of the 2001, issue 1, 10, 45, 74, 112, 119 and 120 of 2002, no. 8, 42, 67, 95, 112, and 114 from 2003. , PC. 12, 21, 38, 52, 53, 69, 70, 112 and 115 of 2004, PCs. 38, 39, 76, 102, 103, 104 and 105 of the 2005 St. 16, 30, 34, 56, 57, 59 and 68 by 2006; Corr, PCs. 76 of 2006; amend., SG. 80, 82, 95, 102 and 105, 2006, issue. 41, 52, 53, 64, 77, 97, 100, 109 and 113 of 2007, PC. 33, 43, 67, 69, 89, 102 and 109 from 2008, PCs. 23, 25, 35, 41, 42, 93, 95, 99 and 103 of 2009, PCs. 16, 19, 43, 49, 58, 59, 88, 97, 98 and 100 by 2010; Decision of the Constitutional Court No. 7 of 2011-PCs. 45 by 2011; amend., SG. 60, 77 and 100 by 2011, and St. 7 by 2012.) make the following changes and additions:
1. In art. 122 (a):
(a)) in the Al. 1 11 is created:
"11. the documents reflecting the remuneration policy of the company.";
(b)) in the Al. 4, the words "para. 1, item 2 – 4, 6 and 9 ' shall be replaced by "para. 1, item 2, 4, 6, 9 and 11.
2. In part two, title one, chapter nine is created section IV with art. 123:
' Section Iv
The remuneration policy of the company to further social security
Remuneration policy
Art. 123 a. (1) the company to further adopt and apply social security policy for the remuneration of persons who work for him.
(2) the Commission shall establish by regulation the requirements to the remuneration policy and the manner of disclosure. "
3. an art. 229 e:
"Providing information to the European insurance and occupational pensions authority and the European Commission
Art. 229 e. (1) the Commission shall inform the European insurance and occupational pensions authority in the following circumstances:
1. the granting of authorisation to manage the Fund for additional voluntary pension insurance schemes;
2. Member States in which the pensionnoosiguritelnoto company operates in connection with the management of the occupational scheme on foreign sponsoring undertaking;
3. the imposition of the measures under art. 344, para. 1, item 3, 14-17, and al. 2, item 3 and art. 346, para. 1, item 2.
(2) the Commission shall inform the European insurance and occupational pensions authority for the provisions of a prudential nature of Bulgarian legislation in the area of supplementary voluntary pension insurance schemes. The Commission shall update this information regularly, but not less than once every two years.
(3) the Commission shall inform the European Commission and the European insurance and occupational pensions authority in the presence of substantial difficulties in implementing the Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision and cooperate with these authorities to find an appropriate solution. "
4. The additional provision:
the name) shall be replaced by the following: "additional provisions";
(b)) § 1a shall be inserted:
"§ 1 (a). The code implements the requirements of:
1. Directive 79/7/EEC of 19 December 1978 on the progressive implementation of the principle of equal treatment for men and women in matters of social security.
2. Directive 86/378/EEC of 24 July 1986 on the implementation of the principle of equal treatment for men and women in occupational social security schemes.
3. Directive 98/49/EC of 29 June 1998 on safeguarding the supplementary pension rights of employed and self-employed persons moving within the community.
4. Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision.
5. Directive 2006/54/EC of the European Parliament and of the Council of 5 July 2006 on the implementation of the principle of equal opportunities and equal treatment of men and women in matters of employment and occupation.
6. Council directive 2010/78/EC of the European Parliament and of the Council of 24 November 2010 amending directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in relation to the powers of the European supervisory authority (European banking authority) , The European supervisory authority (European insurance and occupational pensions authority) and the European supervisory authority (European Securities and markets authority) (OJ L 120 of 331/15 December 2010). "
§ 4. In the insurance code (promulgated, SG. 103 from 2005; amend., SG. 105 by 2005, issue 30, 33, 34, 54, 59, 80, 82 and 105 of 2006, issue 48, 53, 97, 100 and 109 from the 2007 No. 67 and 69 by 2008, 24 and 41/2009 issue 19, 41, 43, 86 and 100 by 2010 and no. 51 60 and 77 from 2011) make the following changes and additions:
1. In art. 57:
(a)) in the Al. 1:
AA) in the text before paragraph 1, after the word "Governing" shall be inserted "or control";
BB) item 4 shall be inserted:
"4. the policy for the remuneration of persons who work for the insurer or reinsurer.";
(b)) in the Al. 2 the words "the governing body of the insurer or reinsurer" shall be replaced by the words "authority under para. 1 "and after the word" programmes "is added" policies "and a comma;
the Al is created.) 4:
"(4) the Commission shall establish by regulation the requirements to the remuneration policy and the manner of disclosure."
2. In art. 254, para. 2 the words "the Swiss Switzerland and the Principality of Andorra" are replaced by "the Swiss Switzerland, the Principality of Andorra and the Republic of Serbia (countries whose national insurers ' Bureaux are party to the multilateral agreement)".
3. In art. 258:
(a)) in the Al. 1 item 4 is created:
"4. a third State whose National Bureau of insurers is a party to the multilateral agreement in accordance with its law.";
b) paragraph 2 is amended as follows:
"(2) the insurance contract of compulsory insurance against civil liability of motorists provides coverage of the territory of the Republic of Bulgaria, on the territory of the other Member States and third countries whose national insurers ' Bureaux are party to a multilateral agreement, on the basis of a single premium and during the whole period of the contract, including in any period within that period When the motor vehicle is located in another Member State. "
4. In art. 261, para. 3, after the words "green card system" is added and whose national insurers ' Bureaux are not parties to the multilateral agreement '.
5. In art. 288. 1, item 2:
(a)) (a) shall be replaced by the following:
"a) p″tnotransportnoto accident has occurred on the territory of the Republic of Bulgaria, on the territory of another Member State or in the territory of a third country whose National Bureau of insurers is a party to a multilateral agreement, and is caused by a motor vehicle normally is located on the territory of the Republic of Bulgaria, and the guilty driver no concluded compulsory insurance civil liability of motorists;"
(b)), the letter ' (d) ' shall be replaced by the following:
"d) p″tnotransportnoto accident has occurred on the territory of the Republic of Bulgaria, on the territory of another Member State or in the territory of a third country whose National Bureau of insurers is a party to a multilateral agreement, and is caused by a motor vehicle normally is located on the territory of the Republic of Bulgaria and the domain on which was withdrawn through theft, robbery or a crime under art. 346 of the criminal code. "
6. § 1 of the additional provisions create t. 53:
"53." multilateral agreement "is the agreement between the national insurers ' Bureaux of the Member States of the European economic area and other associate States concluded in Rethymno, Crete, on 30 May 2002, with its subsequent amendments and additions, as well as any other agreement concluded between the national insurers ' Bureaux of the Member States with each other and/or with the national desks of insurers of other countries pursuant to art. 2 (a) and/or art. 8 (1), para. 2 of Directive 2009/103/EC of the European Parliament and of the Council of 16 September 2009 relating to insurance against civil liability in respect of the use of motor vehicles and to the control of the obligation to insure against such liability (OJ L 263/11 of 7 October 2009). "
7. In paragraph 6 of the transitional and final provisions establishes al. 8:
(8) the existence of a contract of compulsory insurance civil liability of motorists in respect of motor vehicles, which are normally located on the territory of the Republic of Serbia, shall lapse after the publication of the decision of the European Commission in the official journal of the European Union and from the date specified therein. "
§ 5. In the law on markets in financial instruments (promulgated, SG. 52 of 2007; amend., SG. 109 (2007), no. 69 since 2008, issue 24, 93 and 95 of 2009, issue 43 of 2010 and 2011 77) make the following amendments and additions:
1. In art. 15 Al is created. 8:
(8) the Commission shall notify the investment firm issued a license of the European Securities and markets authority (ESMA). "
2. In art. 20 Al is created. 5:
"(5) the Commission shall give notice of the decision to revoke the license ESMA."
3. In art. 24 Al is created. 9:
(9) an investment firm shall adopt and apply policy for the remuneration of persons who work for him. The requirements to the remuneration policy and the manner of its disclosure, shall be determined by Decree. "
4. In art. 26 (b), para. the words "by the end of the next working day ' are replaced by ' within the time limit referred to in paragraph 1. 2. "
5. In art. 45, para. 5 creates the second sentence: "the Commission shall publish the information on your website and make it available to the ESMA."
6. In art. 84 Al is created. 5:
"(5) the Commission shall give notice of the decision to revoke the license ESMA."
7. In art. 92, para. 1 Add "and ESMA".
8. In art. 102, para. 1 and 2, the words "the Commission" shall be replaced by the "ESMA".
9. in part three:
(a) the name of the third part) shall be replaced by the following: "Interaction with the competent authorities of a Member State, the European Commission and the European Securities and markets authority;
(b)), the name of Chapter vi shall be replaced by the following: "cooperation and exchange of information with the competent authorities of the Member State and the European Securities and markets authority;
in the name of) section I shall be replaced by the following: "cooperation with the competent authorities of a Member State, the European Commission and the European Securities and markets authority;
d) in art. 103, para. 3, after the words "the European Commission" a comma and add the "ESMA";
e) in art. 105:
AA) in the Al. 1 Add "and ESMA";
BB) in the Al. 2, after the words "the competent authority of the Member State shall be added" and "ESMA";
f) in art. 106 creates al. 4:
"(4) the Commission shall notify the ESMA for all cases in which no action taken on its request for assistance for:
1. carry out supervisory activities, on-the-spot verification or an investigation under paragraph 1. 1 and 2;
2. the exchange of information under art. 107. ";
(g)) in art. 109, para. 1, after the words "the Commission shall submit to the" ESMA "is added, the European systemic risk Board", and a comma;
h) in art. 110, para. 2 the words "notify the authority requested assistance, and provide detailed information ' shall be replaced by ' shall inform the authority requested assistance, and ESMA and provides them with detailed information";
and) in art. 113 para. 2 shall be amended as follows:
"(2) If, despite the attached by the competent authority of the Member State of origin or if these measures have been found to be insufficient or inappropriate and the firm continues to take actions in violation of the interests of investors or the smooth operation of the capital markets in the territory of the Republic of Bulgaria, the Vice-President may:
1. after informing the competent authority of the Member State of origin, to take the necessary measures to protect investors and to ensure normal functioning of capital markets, and if necessary, and to prohibit the firm to carry on business in the territory of the Republic of Bulgaria; the Commission shall without delay inform the ESMA and the European Commission of the measures taken;
2. to refer the matter to the ESMA. ";
k) in art. Al 114. 3 shall be amended as follows:
"(3) if applied under paragraph 1. 2 the investment firm does not end the infringement referred to in paragraph 1. 1, Commission Vice-President, respectively, may:
1. after informing the competent authority of the Member State of origin, to take the necessary measures to prevent the violation or punish the offender and, if necessary, to prevent that investment firm to carry on business in the territory of the Republic of Bulgaria; the Commission shall without delay inform the ESMA and the European Commission of the measures taken;
2. to refer the matter to the ESMA. ";
l) in art. Al 115. 2 shall be amended as follows:
"(2) If, despite the attached by the competent authority of the Member State of origin or if these measures have been found to be insufficient or inappropriate and regulated market or multilateral trading system continues to take actions in violation of the interests of investors or the smooth operation of the capital markets in the territory of the Republic of Bulgaria, the Vice-President may:
1. after informing the competent authority of the Member State of origin, to take the necessary measures to protect investors and ensure the smooth functioning of capital markets, and if necessary, and to prohibit the regulated market or multilateral trading system to operate in the territory of the Republic of Bulgaria; the Commission shall without delay inform the ESMA and the European Commission of the measures taken;
2. to refer the matter to the ESMA. ";
m) in art. 117, para. 1, after the words "the European Commission" is added "and ESMA";
n) in art. 129:
AA), the current text becomes paragraph. 1 and it creates the second sentence: "When the Commission announced a measure applied or imposed penalty, and shall inform at the same time, the ESMA.";
BB) Al is created. 2:
"(2) the Commission shall submit annually a summary of ESMA on the implemented measures or penalties imposed for infringement of the provisions of this law and its implementing acts."
10. In paragraph 2 of the supplementary provisions shall create item 5:
"5. the directive 2010/78/EC of the European Parliament and of the Council of 24 November 2010 amending directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in relation to the powers of the European supervisory authority (European banking authority) , The European supervisory authority (European insurance and occupational pensions authority) and the European supervisory authority (European Securities and markets authority) (OJ L 120 of 331/15 December 2010). "
§ 6. In the law on the activities of collective investment schemes and of other collective investment undertakings (SG. 77 by 2011) make the following amendments and additions:
1. In art. 32:
and the current text) became al. 1;
(b)) is hereby set up al. 2:
"(2) the investment company adopt and apply policy for the remuneration of persons who work for it."
2. In art. 33, after the words "the manner and the procedure for the assessment of the assets and liabilities of the collective investment scheme" a comma and add "requirements to the remuneration policy and its disclosure, rules for personal transactions.
3. In art. 41:
and the current text) became al. 1;
(b)) is hereby set up al. 2:
"(2) the Commission provides access to all information obtained under paragraph 1. 1 and summarized for all collective investment schemes, of which the Republic of Bulgaria is a Member State of origin, the European Securities and markets authority pursuant to art. 35 of Regulation (EC) No 1095/2010 and the European systemic risk Board pursuant to art. 15 of Regulation (EC) no 1092/2010 of the European Parliament and of the Council of 24 November 2010 for prudential oversight of the financial system of the European Union and establishing a European systemic risk Board (OJ L 331/1 of 15 December 2010). "
4. In art. 95, para. 5 creates the second sentence: "the issue of a licence shall notify the European Securities and markets authority (ESMA)."
5. Article 108 shall be amended as follows:
"Art. 108. (1) the management company accepts and implements policy for the remuneration of persons who work for him.
(2) other requirements relating to the activities of the management company, including the remuneration policy and its disclosure to the General conditions under art. 95, para. 2, item 4, to the rules of art. 95, para. 2, item 6 and to individuals working under contract for the management company, as well as for capital adequacy and liquidity are determined by regulation of the Commission. "
6. In art. 124 para. 6 shall be amended as follows:
"(6) where, despite measures taken by the competent authorities measures to provide the requested information, respectively, for termination of the infringement, the Commission was informed, or due to the fact that these measures have proved inadequate or are not available in the Member State in question, the management company continues to refuse to provide the information requested by the Commission under paragraph 4. 2, or to violate this law and the instruments for its implementation, the Commission may:
1. after informing the competent authorities of the Member State of origin of the management company, to implement the necessary measures to prevent or to penalise irregularities and new in so far as this is necessary to prevent the carrying out of the activity of the management company on the territory of the Republic of Bulgaria;
2. to refer the matter to the ESMA, if it considers that the competent authorities of the Member State of origin of the asset management company have not taken appropriate measures. "
7. In art. 127 after the words "the European Commission" is added "and" ESMA.
8. In art. 134, para. 3, item 1, second sentence, after the words "the European Commission" is added "and" ESMA.
9. In part two:
(a) the name of the fourth partition) is amended as follows: "provision of information to the European Commission and the European Securities and markets authority in connection with the activities of management companies in third countries. Cooperation with the competent authorities of the Member States and the European Securities and markets authority ";
(b)) in art. 158 Al is created. 6:
"(6) the Commission shall notify the European Commission of the ESMA and difficulties in the supply of shares in a collective investment scheme, for which the Republic of Bulgaria is a Member State of origin, in the territory of a third country."
10. paragraph 2 of the supplementary provisions shall be amended as follows:
㤠2. The law introduces the requirements of:
1. Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 302/57 from 17 November 2009).
2. Council directive 2010/78/EC of the European Parliament and of the Council of 24 November 2010 amending directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in relation to the powers of the European supervisory authority (European banking authority) , The European supervisory authority (European insurance and occupational pensions authority) and the European supervisory authority (European Securities and markets authority) (OJ L 120 of 331/15 December 2010). "
§ 7. In the law against market abuse in financial instruments (official SG. 84 of 2006; amend., SG. 52 of 2007) make the following amendments and additions:
1. an art. 29A:
"Art. 29. In the exercise of its powers and performing its functions under this Act and its implementing acts the Commission cooperates with the European Securities and markets authority (ESMA) and provide information about the performance of his duties in accordance with the requirements of Regulation (EC) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European supervisory authority (European Securities and markets authority) amending Decision No 716/2009/EC and repealing Decision 2009/77/EC, hereinafter referred to as "Commission Regulation (EC) No 1095/2010."
2. In art. 30, para. 4, the words "the Committee of European securities regulators with a view to achieving the rapid and effective clearance" are replaced by "ESMA in order to provide assistance in accordance with Regulation (EC) No 1095/2010".
3. In art. 34, para. 2 the words "the Committee of European securities regulators in order to achieve fast and effective authorisation" shall be replaced by the words "ESMA in order to provide assistance in accordance with Regulation (EC) No 1095/2010".
4. In art. 37:
(a)) in the Al. 3 the second sentence is created: "Deputy President shall notify at the same time and EOCKP of the action taken.";
(b)) is hereby set up al. 4:
"(4) the Commission annually provides the EOCKP summary information on measures under para. 1 and the penalties imposed under this law and its implementing acts. "
5. The additional provision:
the name) shall be replaced by the following: "additional provisions";
(b)) § 1a shall be inserted:
"§ 1 (a). The law introduces the requirements of:
1. Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse).
2. Council directive 2010/78/EC of the European Parliament and of the Council of 24 November 2010 amending directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in relation to the powers of the European supervisory authority (European banking authority) , The European supervisory authority (European insurance and occupational pensions authority) and the European supervisory authority (European Securities and markets authority) (OJ L 120 of 331/15 December 2010). "
§ 8. In the public offering of securities (official SG. 114 since 1999; amend., SG. 63 and 92 of 2000, issue 28, 61, 93 and 101 in 2002, no. 8, 31, 67 and 71 in 2003, 37/2004, no. 19, 31, 39, 103 and 105 by 2005, issue 30, 33, 34, 59 , 63, 80, 84, 86 and 105, 2006, issue. 25, 52, 53 and 109 from 2007, PCs. 67 and 69 by 2008, PCs. 23, 24, 42 and 93 from 2009, PCs. 43 and 101 of 2010 and PC. 57 and 77 from 2011) make the following changes and additions:
1. In art. 91:
(a)) in the Al. 3, after the words "additional information and documents" insert "or are presented on the initiative of the applicant additional information and documents", and the words "10 days" are replaced by "10 working days";
(b)) a new para. 6:
"(6) the Commission shall inform the European Securities and markets authority (ESMA) issued a prospectus for the confirmation and shall provide a copy of the approved prospectus together with the notification to the applicant of the issued confirmation. ';
in the past) Al. 6 it al. 7 and in it:
AA) in the first sentence, after the words "public offering" the comma is deleted and added "after prior notification of the ESMA and";
BB) creates the fourth sentence is: ' in the cases referred to in this subparagraph art. 28 (4) of Regulation (EC) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European supervisory authority (European Securities and markets authority), amending Decision No 716/2009/EC and repealing Decision 2009/77/EC, hereinafter referred to as "Commission Regulation (EC) No 1095/2010" shall not apply. ';
d) past al. 7 it al. 8 and in her words "para. 6 "and" paragraph 6 "shall be replaced respectively with" para. 7 "and" paragraph 7 ".
2. In art. 92 in:
(a)) in the Al. 1, after the words "the competent authorities of host countries" insert "and" ESMA;
(b)) in the Al. 4 Finally, the first sentence is a comma and add "while at the same time notify and ESMA".
3. In art. 92:
a) a new para. 5: "(5) the Commission shall publish on its website and update the list of certificates received under para. 1 and 4, each disclosed in this way, information is published for a period of not less than 12 months. ';
(b)) the current al. 5 it al. 6 and finally adds "and ESMA";
in the past) Al. 6 it al. 7 and finally, add "and ESMA";
d) past al. 7 it al. 8 and in it:
AA) in the first sentence, after the words "the competent authority of the sending State shall be added" and "ESMA";
BB) in the second sentence, after the words "the European Commission" is added "and" ESMA.
4. In art. 92 (g):
a) a new para. 1:
' (1) in the exercise of its powers and performing its functions under this Act and the instruments for its implementation, the Commission is collaborating with ESMA and provide information about the performance of his duties in accordance with the requirements of Regulation (EC) No 1095/2010 ';
(b)) the current al. 1 it al. 2 and in the first sentence the words "art. 91, para. 6 ' shall be replaced by "art. 91, para. 7 ";
in the past) Al. 2 it al. 3 and in the second sentence the words "under para. 1 "shall be replaced by" under para. 2 ";
d) previous al. 3 and 4 become Al respectively. 4 and 5;
(e)) is hereby set up al. 6:
"(6) where did not receive timely information or assistance requested or when she is refused the receipt of such information or assistance, the Commission may notify the ESMA in order to provide assistance in accordance with Regulation (EC) No 1095/2010."
5. In art. 100 p, al. 1: a) creates a new second sentence: "the Commission shall inform the ESMA for judgment in the first sentence.";
(b) the second sentence) becomes the third sentence.
6. In art. 100 with Al is created. 3:
"(3) the requirements of paragraphs 1 and 2. 1 and 2 shall not apply to third country issuers in the implementation of article vi of GATT 1994 respectively. 100 p. "
7. In art. 100 h, para. 1:
a new sentence be inserted) second: "the Commission shall inform the ESMA for judgment in the first sentence.";
(b) the second sentence) becomes the third sentence.
8. In art. 100:
a) a new para. 2:
"(2) when the Commission's request for cooperation on al. 1 be rejected or when such a request are not taken timely actions, the Commission may notify the ESMA in order to provide assistance in accordance with Regulation (EC) No 1095/2010 ';
(b)) the current al. 2 it al. 3 and finally, add "and ESMA";
in the past) Al. 3 it al. 4 and, after the words "the European Commission" is added "and ESMA";
d) past al. 4 it al. 5.
9. in art. 116 in, al. 1:
a new sentence be inserted) first: "Public company adopts and implements policy for the remuneration of persons working for it, such as the requirements to the remuneration policy and its disclosure is determined by Ordinance.";
(b)), the current text becomes the second sentence.
10. In art. 120 a, para. 2:
a new sentence be inserted) second: "the Commission shall inform the ESMA for judgment in the first sentence.";
(b) the second sentence) becomes the third sentence.
11. in art. 148 (d):
a) a new para. 2:
"(2) when the Commission's request for cooperation on al. 1 be rejected or when such a request are not taken timely actions, the Commission may notify the ESMA in order to provide assistance in accordance with Regulation (EC) No 1095/2010 ';
(b)) the current al. 2 it al. 3 and finally, add "and ESMA";
in the past) Al. 3 it al. 4 and, after the words "the European Commission" is added "and ESMA";
d) past al. 4 it al. 5.
12. in art. 148 e, para. 3:
a new sentence be inserted) second: "the Commission shall inform the ESMA for judgment in the first sentence.";
(b) the second sentence) becomes the third sentence.
13. In paragraph 1 of the supplementary provisions shall create item 9:
9. Directive 2010/78/EC of the European Parliament and of the Council of 24 November 2010 amending directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in relation to the powers of the European supervisory authority (European banking authority) , The European supervisory authority (European insurance and occupational pensions authority) and the European supervisory authority (European Securities and markets authority) (OJ L 120 of 331/15 December 2010). "
The law was adopted by 41-Otto National Assembly on 29 February 2012 and is stamped with the official seal of the National Assembly.
President of the National Assembly Tsetska Tsacheva:
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