January 25 (SeeNews) - Bulgaria's financial regulator said it has asked Expat Asset Management to correct the risk management and assessment rules of its Еxpat Bulgaria SOFIX UCITS ETF [BUL:BGX].
The Financial Supervision Commission provided no further details in its statement published on Wednesday.
Expat Bulgaria SOFIX UCITS ETF, launched in August 2016, is the first Exchange Traded Fund (ETF) on the Bulgarian Stock Exchange (BSE). The fund tracks the performance of the BSE's blue-chip SOFIX index. Earlier this month, the ETF started trading on the Frankfurt Stock Exchange.
Expat Asset Management is a unit of Bulgaria's Expat Capital company.