Bulgaria: Investment Funds Update - October 2026

glass roof structure geometric pattern modern architecture interior designglass roof structure geometric pattern modern architecture interior design

Bulgaria: Investment Funds Update - October 2026

Reporting period: Q3

November 09, 2026

Bulgaria
Bulgaria
Bulgaria
Welcome to our latest Bulgaria Investment Funds Quarterly Update, providing a practical overview of the key legal and regulatory developments affecting the Bulgarian and wider EU investment funds landscape during Q3 2026.

Our Asset Management and Financial Services Regulation team has prepared this update to help fund managers, alternative investment fund managers, UCITS management companies and other financial institutions keep up to date with evolving regulatory requirements and supervisory priorities.

Key topics explored in this edition include:

  • Bulgaria’s implementation of AIFMD II, including new requirements for loan-originating funds, liquidity management, delegation and reporting
  • wider investment opportunities for Bulgarian pension funds
  • the end of Bulgaria’s transitional period under the Markets in Crypto-Assets Regulation
  • new Financial Supervision Commission fees for marketing EU UCITS in Bulgaria
  • changes relating to EMIR 3, gender balance on company boards and Bulgaria’s removal from the FATF grey list
  • wider EU developments affecting fund managers, including sustainable finance, transaction reporting, T+1 settlement, tokenization and ESMA’s supervisory priorities for 2027

This update provides a concise guide to the developments shaping Bulgaria’s investment funds market and the wider European asset management sector

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Insights series

Investment Funds Update

Insights series

AIFMD II

Services

Industries

Business Topics

Client Tools

Key contacts

NikolayBebov@eversheds-sutherland.com

Nikolay Bebov, Esq.

Managing Partner

Sofia, Bulgaria

Petar Ivanov

Petar Ivanov

Principal Associate

Sofia, Bulgaria

Latest Insights

Latest News

Latest Events

Antalya image new

legal updates

November 10, 2026

COP31: Opening day puts health and heat risk in focus

atrium interior architecture curved levels modern office building design

legal updates

November 10, 2026

Technology Law Shorts - November 2026

Looking up skyscrapers night city architecture

legal updates

November 10, 2026

Global AdVocate: advertising and marketing international quarterly newslett...

tree courtyard modern building architecture urban greenery design

legal updates

November 09, 2026

FS+ Country Updates – October 2026

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.