Dimitrov, Petrov & Co has helped Vaha Trade EOOD obtain the first MIFID II license issued in Bulgaria.
According to DPC, "By its decision of December 6, 2018, the Financial Supervision Commission issued a license to Vaha Trade EOOD for operating as an investment intermediary by providing investment services and activities pursuant to the European regulations implemented in the Markets in Financial Instruments Act. The sole owner of the capital of Vaha Trade is Info Yatirim Menkul Dealyas – а renowned investment intermediary licensed by the Turkish regulator Capital Markets Board of Turkey. "
According to the firm, "the licensing procedure took ten months and not only paved the way for our client to enter the financial services market but created a quality standard that could be applied in the future licensing procedures of investment firms by the Financial Supervision Commission."
The Dimitrov, Petrov & Co. team included Partners Alexander Todorov and Boyana Milcheva, Senior Associate Dimitar Karabelov, and Associate Polya Donkova.