On 6 October 2014, the Ministry of Public Finance launched for public debate a draft law amending and supplementing Law no. 297/2004 on capital market.
This enactment is aimed at reforming the Romanian capital market by aligning the current legislation to the existing European standards so that Romania be ranked, by Morgan Stanley Capital International, as an emerging capital market (leaving behind its current status as “frontier market”), increasing thus external visibility and attracting new investors.
