THE CHARACTERISTICS OF THE SPECIAL COMPANIES

Luminita Tuleaşcă

Romanian Economic Business Review, 2012, vol. 7, issue 3, 85-102

Abstract: The major impact of the financial services system on the national and world economies, has determined the creation of a particular framework regarding the access to the activity specific to this sector and the means to exercise it. The differentiation between the services specific to the financial market of any other commercial activities and the adoption of certain legal provisions applicable solely to these activities and,implicitly, to the trade companies working in this sector, represents the fundamental premise of the special statute of special trade companies. In this paper, we will analyze, from the perspective of the European and Romanian laws, the characteristics of the main special trade companies: banks and insurance undertakings,characteristics that differentiate the regular trade companies, determining their special legal regime and, as a consequence thereof, their classification as special trade companies.

Keywords: special trade companies; banks; insurance undertakings; supervisory and control authorities (search for similar items in EconPapers)
Date: 2012
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