Estonia, Nov. 4 -- The Estonian Parliament has approved amendments to the Securities Market Act and related legislation, marking a significant step forward in the country's efforts to modernise its financial market ecosystem. The reform, supported by the European Bank for Reconstruction and Development (EBRD), introduces the uniform application of close-out netting under Estonian law and expands the scope of the financial collateral regime.These changes are designed to eliminate longstanding legal uncertainties around the enforceability of close-out netting - a mechanism that allows financial institutions to consolidate obligations into a single net payment in the event of default. The amendments also broaden the range of eligible counterpa...