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The dissertation is a study of the legal framework of the public offering of securities in the Bulgarian legislation. It is presented as a concept having different constituent elements. The issuer, either on its own or through one or more investment intermediaries (acting on the basis of an authorization or underwriting), provides information about the offering and the securities. This information is addressed to a hundred and fifty or more persons or to an indefinite group of people. It should contain sufficient data on the terms of the offering and the securities offered, so that investors could decide whether to subscribe or buy those securities. The information is provided through the preparation of a prospectus in a manner and with content established in the applicable legal framework. The Financial Supervision Commission is authorized to confirm the prospectus. Following the approval of the prospectus, it shall be published, together with a communication on the public offering. The first chapter of the dissertation clarifies the concept and the legal nature of the public offering of securities. The second chapter contains an analysis of the preparation, approval and publication of the prospectus for public offering of securities. In the third chapter of the work attention is paid to the special requirements for the public offering of bonds.
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