Infrastruktura tržišta kapitala Republike Srpske / Infrastructure of the Capital Market in the Republic of Srpska

Abstract

The regulation of the capital market in the Republika Srpska is based on the objectives and principles of the International Organization of Security Commissions and requirements of European integration. In this regard, an appropriate infrastructures capital markets has been established, there are no administrative barriers for foreign investors, dematerialization of securities is made, electronic way of trade and the centralization of secondary public trade in securities are established. 
However, despite all these characteristics, according to the classification FTSE Global Equity Index Series, the capital of the Republika Srpska market still belongs to the frontier markets, representing the developing markets, what actually reflects the state of the entire economic system.