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Romanian Panel Seeks to Scrap SIFs Ownership Limit, ZF Says

A Romanian parliamentary committee recommended that lawmakers in the lower house of Parliament vote to raise the maximum amount a single investor can hold in the country’s five investment companies to 5 percent, Ziarul Financiar reported.

The budget and finance committee of the Chamber of Deputies voted to raise the limit from 1 percent in the funds, known as SIFs, the Bucharest-based newspaper said late yesterday, quoting Liberal Democrat lawmaker Ovidiu Marian, who initiated the draft law. The measure must still be debated and voted on by the Chamber of Deputies.

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