From its independence in 1991, Slovenia has quickly sought to develop its capital markets and the legal, regulatory and institutional structures that underpin these markets. This process commenced in 1992 with a mass-privatisation programme that established private ownership of capital and was reinforced with the passage of the first framework Companies Act in 1993. Post-independence, Slovenia has rapidly pursued political and economic integration with Europe, joining the EU in May 2004, and the European Monetary Union in January 2007. Since joining the EU, the government has also pursued a comprehensive strategy to amend its capital markets and corporations’ law architecture to ensure consistency with EU directives. Notwithstanding this, capital markets in Slovenia are not well developed by OECD standards, are extremely limited in both depth and liquidity, and have a narrow (and domestically focused) investor base.