Bucharest, 21 May 2021 - the Financial Supervisory Authority (A.S.F.) salutes the promulgation by President Klaus Werner Iohannis of the Law no. 147/2021 amending and supplementing the Government Emergency Ordinance no. 93/2012 on the establishment, organisation and operation of the Financial Supervisory Authority.
The new provisions set the premise for a better operation of the Authority, in the interest of citizens, and at the same time support the development of non-bank financial markets. The new law provides A.S.F. with the appropriate tools to strengthen its institutional capacity, which are necessary for the implementation of the objectives and strategies that the Authority's management has undertaken.
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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.
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