The Register of Endowments and Foundations is established by the Law on Endowments and Foundations (“Official Gazette of RS” No. 88/2010, of November 23, 2010). The administration of the Register is vested in the Serbian Business Registers Agency, as a delegated task of the Ministry of Culture. The Register will start operating on March 1, 2011, when the implementation of said law is to start as well.Endowments, foundations and funds established and entered into the Register according to the Law on Endowments, Foundations and Funds (“Official Gazette of SRS” No. 59/89) - if willing to continue their activities - are obliged to harmonize their statutes and other general acts with provisions of the new law, within 12 months, starting from March 1, 2011, by filling an application for registration of harmonization in the Register of Endowments and Foundations administered by the SBRA.The deadline for registration of harmonization will be March 1, 2012. Endowments and Foundations that do not harmonize, i.e. which do not file an application for registration of harmonization by said date, will stop operating.