Securities market legislation assessment 2005 [EBRD

The securities market legislation assessment is part of the EBRD's efforts to improve the legal environment in the Bank’s countries of operations. As an international institution with the mandate to assist the countries whose economies are in transition, the EBRD views the development of sound and effective securities market regulatory framework as essential to these countries.

The project represents an initiative of the EBRD to better understand legal developments in countries of operations by gauging the status of their securities market related laws and regulations. Through this project, the EBRD aims to encourage, influence and provide guidance to governments, policy makers and all those in charge of promoting new legislation or the development of securities market related legal reform in the region.

To analyse relevant information in each country, the EBRD devised a checklist with list of questions covering key aspects of issues concerning the operations of securities market. The EBRD securities market legislation assessment checklist was refined in early 2004 by legal consultants Salans. The revised, specific country assessments were carried out by local law firms led by Salans during 2005. The Government of France funded the 2004 and 2005 assessment works.

In Moldova, Tajikistan, Turkmenistan and Uzbekistan no material changes in the legislation were reported (for these countries the data from the 2004 assessment remains current)

Individual country assessments 2005

Read more about this project, the 2005 assessment results, country rating and country-specific comments and observations in the Report on the 2005 assessment results (0.1Mb).

Information on the assessment results for 2004

Report on the 2004 assessment results (0.2Mb)

Securities market assessment 2005