CFCL Market Guide - Bulgaria
Clearstream Fund Centre (“CFCL”) Market Guides provide key information, in particular in the area of settlement and asset servicing, on each market where CFCL offers a service. In addition, relevant website addresses are indicated, where more detailed information is provided according to specific needs.
The Bulgaria market guide is split into 5 sections:
General information
Market infrastructure
Regulation
Settlement process and services
Asset servicing
Further information can be found in the CFCL Client Handbook and in the Market Taxation Guide - Bulgaria.
Characteristics of the market
For investment fund securities, Bulgaria is a register market with a CSD link. Exchange-Traded Funds (ETFs) are permitted and can be traded within the Bulgarian market. Bulgaria has adopted the T2S platform for its settlement processes, this initiative helps align Bulgaria with the broader European effort to harmonise and streamline securities settlement procedures.