Law No. 227 approving Ordinance No. 99 on Credit Institutions and Capital Adequacy

Romania

(enacted in 2007)

Law No. 227 approving Ordinance No. 99 on Credit Institutions and Capital Adequacy approved Government Emergency Ordinance (GEO) No. 99 on credit institutions and capital adequacy, while also amending and supplementing the GEO.

Certain relevant amendments and supplements include:

  • Definition of investment firm;
  • List of financial instruments;
  • Oversight powers of the National Bank of Romania;
  • Regulation of Romanian branches of credit institutions from third countries; and
  • Administration of credit institutions.

Government Emergency Ordinance (GEO) No. 99 on Credit Institutions and Capital Adequacy can be found under “Related Laws/Regulations.”