The major event for the Bulgarian capital market in the last months was the introduction of the Corporate Governance Code. The Code is consistent with the basic principles set out in international recognized corporate governance standards. Conformity with and application of the basic principles in the Code is mandatory for the companies that are listed on the Official Market of the exchange. For those listed on the other markets the application of the Code in whole or in part is recommended. In line with this all public companies must also draft and adopt a Code of Ethical Conduct of its employees. The BSE will exercise a continuous supervision as to the application of the Code.