Decisions adopted by the Board of the Financial Supervisory Authority

Bucharest, 28 July 2021 - At today’s meeting, the Board of the Financial Supervisory Authority (ASF) adopted measures on the functioning of supervised non-banking financial markets - insurance, capital market and private pensions, as follows:

A)  Regulation

Regulation for amending and supplementing the FSA Regulation no.10/2015 on the management of alternative investment funds (the regulation will be sent, for publication, to the Official Gazette of Romania);

The rule for the application of the ESMA Guide on standardized procedures and messaging protocols under Article 6 (2) of Regulation (EU) No. 909/2014 (the rule will be sent, for publication, to the Official Gazette of Romania);

The draft rule on the application of the ESMA Guidance on reporting under Articles 4 and 12 of Regulation (EU) 2015/2365 on the transparency of security financing transactions and of reuse and amending Regulation (EU) no. 648/2012 (the draft will be published on www.asfromania.ro, for public consultation, for 10 days);

Insurance distribution rule (the rule will be sent, for publication, to the Official Gazette of Romania);

The rule on the professional training of distributors in insurance and/or reinsurance (the rule will be sent, for publication, to the Official Gazette of Romania);

The rule on reporting obligations and transparency in the private pension system (the rule will be sent, for publication, to the Official Gazette of Romania).

B)  Authorisation

Approval of the request of Nova Vision Investments AFIA S.A. to authorize the changes in the organization and functioning of the company, as a result of the change in the composition of the Board of Directors (appointment of Mr. Drăgan Lucian as a member of the Board of Directors);

Approval of the request of BRD Asset Management S.A.I. S.A. to authorize the changes in the documents of the following managed open-end investment funds: FDI BRD Simfonia, FDI BRD Bonds, FDI BRD Obligațiuni, FDI BRD Acțiuni, FDI BRD Diverso, FDI BRD Euro Fond, FDI BRD Global, FDI BRD Simplu and FDI BRD USD Fond;

Approval of the amendment of the Individual Act of accession to Aripi Privately Managed Pension Fund, administered by Generali Societate de Administrare a Fondurilor de Pensii Private S.A.;

Authorization to amend the Individual Act of Accession to the Stable Optional Pension Fund, administered by Generali Societate de Administrare a Fondurilor de Pensii Private S.A.

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About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance markets, private pensions, as well as the capital market. The FSA contributes to strengthening the integrated functioning framework of the three sectors, amounting to over 10 million participants. More information can be found on www.asfromania.ro.