At today's Council meeting, the Government decided to put Banks and non-governmental Financial Institutions under more supervision, in order to ensure that citizen's investments will not be lost.
The new law is meant to fortify the protection of the investors and their money.
The project was elaborated after the market grew and various non-governmental financial groups started appearing, offering their services.
The new law specifies which aspects will be monitored at such institutions, for example the amount of money, the risks, transactions from within the groups, internal control system, how risk factors are dealt with, as well as the company's reputation and its owners competence.
The project also explains how a person will be chosen to be responsible for the extra monitoring, his duties and how the information will be traded between authorities.