meta_id 3317676

On July 10, 2026, Serbia's Securities and Exchange Commission (SEC) published the Rulebook on Tied Agents under the Law on the Capital Market. The rulebook establishes regulatory requirements and operational standards governing tied agents operating within Serbia's capital markets framework. Tied agents are individuals or entities authorised to act on behalf of investment firms, banks, or other market participants in providing investment services and activities. The rulebook sets out the conditions, obligations, and conduct standards that tied agents must follow to ensure investor protection and market integrity. Key areas addressed include registration requirements, competence standards, conduct of business rules, and compliance obligations. The rulebook applies to all tied agents operating in Serbia's capital markets, including those representing brokers, investment advisers, portfolio managers, and other authorised market participants. The publication of this rulebook strengthens the regulatory framework governing intermediaries in Serbia's securities market and ensures consistent application of capital markets rules across all market participants. The rulebook is available for download from the SEC website in PDF format (Rulebook on Tied Agents 54-2026.pdf, 176.65 KB). Market participants and tied agents should review the document to understand their obligations under the new regulatory requirements. The SEC maintains public registers of authorised market participants, including brokers, investment advisers, portfolio managers, and other regulated entities, which are accessible on its website for transparency and market oversight purposes. **REFERENCE:** Serbia Securities and Exchange Commission, Rulebook on Tied Agents, July 10, 2026, available at www.sec.gov.rs