The Republic of Serbia Securities Commission announced that amendments to the Capital Markets Law and the Alternative Investment Funds Law entered into force on 12 December 2025, with changes intended to strengthen the regulatory framework and further align Serbia’s financial services rules with European Union standards. For the Capital Markets Law, the amendments focus on technical corrections and clarifications designed to make the regime easier to apply, reduce divergent interpretations and simplify operations for market participants. For the Alternative Investment Funds Law, the revisions align Serbian legislation with Directive 2011/61/EU, incorporating updates through January 2024, and introduce preparatory measures for future implementation of the European Long-Term Investment Funds Regulation, with certain provisions deferred until Serbia joins the European Union.
Republic of Serbia Securities Commission 2026-01-05
Republic of Serbia Securities Commission confirms Capital Markets Law and Alternative Investment Funds Law amendments take effect with EU alignment
The Republic of Serbia Securities Commission announced that amendments to the Capital Markets Law and the Alternative Investment Funds Law took effect on 12 December 2025, aiming to strengthen the regulatory framework and align with EU standards. The changes include technical corrections to the Capital Markets Law and updates to the Alternative Investment Funds Law to incorporate Directive 2011/61/EU and prepare for the European Long-Term Investment Funds Regulation.