The Bulgaria Financial Supervision Commission (FSC) adopted a package of supervisory decisions, requiring the Bulgarian Stock Exchange AD to suspend trading in Tchaikapharma High Quality Medicines AD shares for one month and initiating court action to restrict access to specified websites offering unauthorised investment services. It also approved the admission of a Euro Invest Management AD share issue to trading, updated insurance-related registers, and adopted amendments to its internal rules. The trading suspension applies to shares with ISIN BG1100008074 and runs for one month from receipt of the FSC decision. The FSC also requested that the President of the Sofia District Court order all enterprises providing public electronic communications networks and/or services to suspend access to the websites described in FSC Decision No. 670-IP/04.11.2025, through which the offering of investment services and activities by unauthorised persons had not been suspended until 07.11.2025. Separately, it entered for trading on a regulated market an issue of 11,172,211 ordinary, registered, dematerialized, freely transferable voting shares issued by Euro Invest Management AD (formerly Dobrudzha Holding AD), with nominal value BGN 1 each and ISIN BG1100016986; entered YETTEL BULGARIA EAD in the register of organisations for professional training of employees of insurance brokers; and deleted ZBK OREL LTD from the register of insurance brokers. Amendments to the FSC’s Rules of Structure and Procedure were adopted at second reading, with promulgation in the State Gazette pending.
Bulgaria Financial Supervision Commission 2025-11-11
Bulgaria Financial Supervision Commission orders one-month suspension of Tchaikapharma share trading and seeks court block of unauthorised investment websites
The Bulgaria Financial Supervision Commission (FSC) has mandated a one-month trading suspension of Tchaikapharma High Quality Medicines AD shares and initiated legal action to block access to unauthorized investment service websites. Additionally, the FSC approved the trading of Euro Invest Management AD shares and updated insurance-related registers. Amendments to the FSC's internal rules were also adopted.