* The draft law for the dismantling of the Rasdaq, submitted by 28 senators, was withdrawn for corrections

A draft law for the dismantling of the "Rasdaq", a market which is not considered regulated within he meaning of the European directives, has been submitted to the Senate by a group of 28 members of the Parliament, led by PSD MP Marius Bota, at the end of February.

The entire stock market is anxiously waiting to see how the matter of the Rasdaq, after a draft submitted by the Romanian National Securities Commission caused a huge disagreement between the Bucharest Stock Exchange and the Association of Stock Market Investors. In order to get out of trouble, the Commission asked the Ministry of Finance to initiate a draft law for the "Rasdaq", but so far, it seemed the Ministry wasn't in any hurry to get started.

Before anyone had the time to find out more about the draft law proposed by the senators, its initiator withdrew it, on March 4th, because it had errors.

Senator Marius Bota said: "For two years now we have been working on this draft law intended to < regulate >, not disband, the Rasdaq, because according to the European directives it is not a regulated market.

We want to offer the possibility to companies listed on the Rasdaq to get delisted, because many of them don't even meet the requirements for being listed anymore".

He also explained why he has withdrawn the draft: "As soon as it showed up on the website of the Senate, we have noticed that there were some inconsistencies, there was room for some confusion, so we took it back to correct the mistakes.

We are working on a final version and we will submit it this week or the next".

The senator also told us that last year, he decided to draw up the draft law, because no one wanted to take responsibility, at the CNVM, or at the Ministry of Finance.

Acc