The Parliament also passed certain amendments to the Securities Act, effective from 1 July 1996. The purpose of the amendments is to clarify certain definitions and instruments, to create the conditions for subregisters within the system of the Securities Centre register and to increase the access to information. The most important provisions are as follows:
- The term 'bond' will include deposit certificates and certificates of deposit.
- 'Trading with securities' is newly defined as providing a service to a third party (including selling and buying of securities on behalf of the third party, and now also lending and borrowing of securities, and intermediating these transactions). This activity is subject to special Ministry of Finance permission.
