Accounting and Financial Aspects of the Law on Investment Funds in Republic of Macedonia

Dijana Jovanoska

Abstract


Objectives: The objective of this thesis is to consider the accounting and financial aspects of the capital market in Republic of Macedonia through prism of laws with which the capital market is regulated. Methods: The main objective in Republic of Macedonia is settling the legislative on level which will provide more quality and more consistent legal frame for attracting domestic and foreign investments on the Macedonian securities market, to develop the principles of the legality, transparency, non discrimination, competition, protection of owners of the securities and investors, reinforcement of the legal stability and stability of the capital market in general. Laws will be elaborated with which the capital market is regulated in Republic of Macedonia such as Law on securities, Law on takeover joint stock companies, Law on investment funds and Law on trade companies as basic framework of the legislative. Results: Continuous improvement of the legal basis on which the capital market of Republic of Macedonia is founded. Conclusion: On the basis of the accomplished research analysis of the capital market and accounting financial aspects on capital market in Republic of Macedonia through the prism of laws it can be concluded that in Republic of Macedonia persistently is working towards improvement and development of the legal framework which affect on the capital market and coordination of the same with the European regulation.

Keywords: capital market, accounting aspects, financial aspects, legal regulation, Law on securities, Law on undertaking joint stock companies, Law on investment funds and Law on trade companies.


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DOI: http://dx.doi.org/10.0001/(aj).v3i8.298

DOI (PDF): http://dx.doi.org/10.0001/(aj).v3i8.298.g1513

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