OnFebruary 21 1912, Parliament adopted the first Law on the stockexchanges, which was promulgated in the State Gazette on February 28the same year. Sofia Stock exchange obtained official permit to startoperating and started effective activity on June 28 1914, only a fewdays before the beginning of World War I. On May 25 1915, the StockExchange Regulation was adopted by a Decree. All issuers of securities,such as banks, production and trading com...