Capital Markets and Financial Services Law - Sofia, Bulgaria
Galin Atanasov Law Office, based in Sofia, Bulgaria, provides comprehensive legal services in the fields of capital markets, payment services, and financial/fintech regulation. The firm advises investment intermediaries, fintech companies, payment service providers, electronic money institutions, and public companies on licensing procedures, regulatory compliance, transactions, and supervision in accordance with European and Bulgarian legislation.
Regulatory Compliance in the Financial Sector
We provide assistance and legal advice on all aspects of banking and financial regulation – from obtaining authorisations before the Bulgarian National Bank (BNB) and the Financial Supervision Commission (FSC) to maintaining full compliance with the applicable European legislation. We prepare internal policies, risk management frameworks, and represent clients during inspections and administrative proceedings.
We assist and advise companies providing payment services and electronic money in accordance with the European directives PSD2 (Payment Services Directive 2) and EMD2 (E-Money Directive), as well as the Bulgarian Law on Payment Services and Payment Systems. We provide guidance on business model structuring, preparation of internal policies, and documentation for submission to the Bulgarian National Bank (BNB), including applications for authorisation as a payment institution or electronic money institution.
Capital markets and public offering of securities
We advise issuers and intermediaries on transactions involving securities, listings on the Bulgarian Stock Exchange, preparation of prospectuses, disclosure obligations, and compliance with insider trading and market conduct rules in line with the European requirements under MiFID II, MAR, the Prospectus Regulation, and other relevant legislation.
Regulatory compliance, anti-money laundering measures, and risk management
We develop and implement internal policies for anti-money laundering and counter-terrorist financing (AML/CTF) measures, know-your-customer (KYC) procedures, internal control, and risk management in accordance with AMLD V/VI Directives and Bulgarian legislation. We advise obligated entities on customer identification (KYC), reporting of suspicious transactions, and measures to prevent financial crimes.
We perform legal analysis of our clients' companies' ownership, identify beneficial owners, and declare them in the relevant registers. We assist in preparing risk assessments of our clients' activities for money laundering/terrorist financing, as well as in developing strategies for compliance with regulatory requirements. We conduct training for employees and management bodies on their obligations under AML/CFT legislation.
We provide representation before regulatory authorities, including in inspections, sanctioning procedures, and proceedings related to potential violations. We help financial institutions and businesses reduce regulatory risk and avoid sanctions by ensuring full compliance with applicable regulatory requirements.
Fintech, digital assets, and the MiCA Regulation
We advise fintech companies and participants in the crypto-asset market on compliance with the Markets in Crypto-Assets Regulation (MiCA) — including licensing of crypto-asset service providers (CASPs), token issuance, and cross-border operations within the EU. More information is available in our Virtual Assets and Cryptocurrencies section.
If you require legal advice regarding capital markets or regulatory compliance in the financial or fintech sector, you can contact Galin Atanasov Law Office, Sofia, Bulgaria:
📞 +359 899 250 919 | ✉️ office@galin-atanasov.com | Contact form | Online appointments form
