Parlament adopts National Securities Commission reports

The joint chambers of the Romanian Parliament adopted on Wednesday the activity, audit and budget reports of the National Securities Commission – CNVM for 2004 and 2005. Most negative votes came from Conservative Party parliamentarians and several representatives of the opposition Social Democrats.

The Conservative Party – a junior member of the governing coalition – has criticized the lack of palpable results and of a „coherent vision” for development of the capital market, blamed on the current management of the CNVM.