LFMI is preparing a policy study on obstacles to the development of capital markets in Lithuania that stem from the legislative and regulatory framework, state supervision, and the country's economic conditions. The aim of this initiative is to formulate necessary solutions and regulatory changes that would remove the existing hurdles and accelerate capital market growth. On January 27, LFMI held a round table the purpose of which was to identify and discuss the main impediments to capital market development in Lithuania. The seminar drew over 40 participants from financial brokerage firms, investment and insurance companies, commercial banks, private corporations, the National Stock Exchange of Lithuania, the Securities Commission, the Central Securities Depository, and media. Discussions focused on three topics and presentations that were delivered to the seminar participants. Romas Matiukas, President of the National Financial Brokers Association, analysed statutory barriers to the growth of capital markets. Kęstutis Kvainauskas of the Vilfima financial brokerage firm looked at the problems from the point of view of capital market participants. Chairman of the Securities Commission Virgilijus Poderys explored the development of capital markets from the perspective of state supervision. The forum provided a platform for facilitating exchange of information between capital market participants and experts and diversifying the source of opinion. The findings and results of the discussion will be incorporated in the LFMI's policy study. The study will be presented in the next issues of The Free Market.