Act 2003
Закон за Комисията за финансов надзор (Financial Supervision Commission Act)
Issued by Комисия за финансов надзор (Financial Supervision Commission)
Effective: 1 Mar 2003
Plain-English summary
Promulgated in State Gazette issue 8 of 28 January 2003 and in force from 1 March 2003. Art. 2 establishes the Commission as a specialised state body that regulates and supervises the persons covered by the Act, independent of the executive and accountable to the National Assembly. The English text lists issue 99 of 2025 as the latest amendment and notes issues 16 and 25 of 2026 as not yet reflected.
Who it applies to
Insurance · Capital Markets · Asset & Wealth Management
Topics
Prudential & Capital Market Integrity & Securities
Latest news
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RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
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RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…