The positioning of the Romanian capital market within the national, international and European context was and currently is a continuous challenge for public and professional institutions in this field.
The legislation regarding the Romanian capital market was developed in a couple of stages, its benchmarks being the privatization law, the stock exchange law, the set up of the National Commission for Marketable Securities (CNVM) and the start-up of authorizing and controlling the capital market.
The aim of our study is to present a picture of the Romanian capital market in compliance with the EU Directives adopted between 2004 and 2006, but also in 2007. This article shall ascertain the impact of Romania’s accession to the European Union on the national capital market, by means of integral harmonization with the European Aquis.
capital market, EU accession, accounting regulation