Capital Markets Law

• Regulatory advice and representation before the Financial Supervision Commission
Advice and representation on all regulatory matters falling within the competences of the Financial Supervision Commission, such as in relation to:
• Licensing of investment broker companies and authorisation of certain corporate and investment acts of such companies
• Servicing of public companies
• Authorisation of public offers and disclosure of information by issuers of securities
• Investment entities – mutual funds and investment companies; European UCITS; real estate investment trusts
• Licensing of insurance companies and pensions insurance companies and authorisation of certain corporate and investment acts of such companies
• Takeovers and mergers of public companies
• Initial and secondary public offering inMacedonia; assistance in drafting of prospectuses and related documentation
• Advice on legal aspects of public offering – advantages and disadvantages of going public (debt and equity issues)
• Assistance in the drafting of all legal documents necessary for initial or secondary public offering of securities
• Structuring and drafting of contracts relating to public issues (contracts with issue managers, trustees, paying agents, etc.)
• Structured finance and securitisation
• Eurobond issues by Macedonian issuers
Assistance on allMacedonian legal matters related to issues of Eurobonds byMacedonian issuers – advice on interaction of foreign governing law andMacedonian law, drafting of relevant parts of prospectus/ offering circulars, provision of legal opinion.
• Advice of European Undertakings for Collective Investments in Transferable Securities (UCITS) on the structuring of a scheme and on the registration procedures for offering inMacedonia; representation in all relevant proceedings
Assistance on legal matters and representation in dealings with the Macedonian Stock Exchange – Sofia and the Central Depository AD.