Autoritatea de Supraveghere Financiară începe procesul de desemnare a unui număr de trei membri ai Consiliului de Administrație al Fondului de Garantare a Asiguraților

Bucharest, 5 September 2025 – The Financial Supervisory Authority will begin the process of appointing three members to the Board of Directors of the Policyholders' Guarantee Fund, appointed by the Authority, in accordance with the provisions of Law No. 213/2015 on the Policyholders' Guarantee Fund.

According to Article 20, Chapter IV of Law No. 213/2015 on the Policyholders' Guarantee Fund, members of the Fund's Board of Directors must cumulatively meet the following conditions:

a) be graduates of long-term university studies with a bachelor's degree or short-term university studies with a bachelor's and master's degree;

b) have a good reputation and integrity;

c) have proven professional experience in the financial field or in the field of banking, finance, or insurance regulation/supervision, or in teaching in higher education in the economic field for at least 8 years.

Those interested in applying for such positions may submit their application between 10 and 24 September 2025, at: candidati-fga@asfromania.ro.

The list of requirements for the positions, as well as the contents of the application file, can be accessed here.

According to Article 21 of Law No. 213/2015 on the Policyholders' Guarantee Fund:

(1) Members of the Fund's Board of Directors:

a) may not be spouses, relatives, or relatives by marriage up to the second degree;

b) may not be employees or directors, members of the board of directors, supervisory board, or management board, as applicable, of an insurer;

c) may not be senators, deputies, members of the Government or hold leadership positions within any political party or political organization during their term of office;

d) have no criminal record;

e) must not have any penalties provided for by law recorded in their tax record;

f) must not be employees of the Fund.

(2) Members of the Fund's Board of Directors may not participate in decisions concerning an insurer in which a person with whom they have one of the relationships listed in para. (1) is part of the insurer's management as defined in the provisions of Art. 1 para. (2) item 10 of Law No. 237/2015.

According to the law, the Board of Directors of the Policyholders' Guarantee Fund consists of five members: three are appointed by the Financial Supervisory Authority, one of whom is elected as Chairman of the Board of Directors, and two members are appointed by the Ministry of Finance.