Decisions Adopted by the Board of the Financial Supervisory Authority

Bucharest, 6 October 2021 – During today’s meeting, the Financial Supervisory Authority’s Board (A.S.F.) has adopted some measures with regard to the operation of non-banking supervised financial markets – insurance, capital market and private pensions, as follows:

A)  Regulation

Regulation on the establishment, disclosure and enforcement of collateral and Regulation on the use of the system of omnibus accounts and the application of non-prevailing mechanisms for financial instruments (the Regulations will be submitted for publication to the Official Gazette of Romania);

ESMA notification of intention to apply the provisions of the ESMA Guidelines on MiFID II/MiFIR Obligations on Market Data;

Regulation amending and supplementing the Regulation of the Financial Supervisory Authority no. 6/2017 on the National Protection Fund (the Regulation will be sent for publication to the Official Gazette of Romania).

B)  Supervision

Approval of the resumption of the distribution activity of the brokerage company Comisasig Broker de Asigurare S.R.L.

C)  Authorization

Approval of Franklin Templeton International S.a.r.l.'s application for the approval of the amendment to the documents considered at the time of registration of Fondul Proprietatea S.A., i.e. the company's Articles of Incorporation, as a result of the decrease in share capital;

Approval of SAI Broker S.A.'s application for the authorisation of Optim Invest, Smart Money, Alpha Invest and Hyb Invest funds as Alternative Investment Funds for Professional Investors (AIFPI) and their registration in the A.S.F. Register as such;

Approval of the application of SAI Globinvest S.A. for authorisation of the Globinvest Bonds Open-end Investment Fund and its registration in the public register of A.S.F.;

Approval of the application of the investment management company (SAI) Erste Asset Management S.A. to authorise changes to the documents of the open-end investment fund You Invest Balanced Eur, managed by the company, in order to align its documents with the provisions of Regulation (EU) no. 2088/2019 on sustainability-related disclosures in the financial services sector, as well as a result of changes to the Fund's investment strategy and name;

Issuing a decision confirming that Porsche Mobility S.R.L. and Porsche Leasing Romania IFN S.A., engaged in intra-group OTC derivative transactions with Porsche Corporate Finance GmbH, benefits from the exemption from the reporting obligation laid down in Article 9 para. (2) of Directive 2006/48/EC. (1) of Regulation (EU) no. 648/2012 (EMIR);

Approval of the modification of the shareholding structure, following the transfer of shares, of the new significant shareholders and the modification of the provisions of the Articles of Incorporation of Z&A Asigurări-Broker de Asigurare S.R.L.;

Approval of the amendments to the Articles of Incorporation of Renomia-Srba Insurance Broker S.R.L. regarding the addition of the secondary activity;

Approval of amendments to the Articles of Incorporation of Stellar Re Intermediaries - Insurance and Reinsurance Broker S.R.L. (transfer of shares, shareholding structure);

Approval of the application for the amendment of the share capital and authorisation to amend the Articles of Incorporation of BRD Societate de Administrare a Fondurilor de Pensii Private S.A.;

Final approval of the amendment to the Prospectus of the voluntary pension scheme for the Voluntary Pension Fund BCR Plus, managed by BCR Pensii Societate de Administrare a Fondurilor de Pensii Private S.A.;

Final approval of the amendment to the Prospectus of the voluntary pension scheme for the Voluntary Pension Fund Aegon Esențial Facultative, managed by Aegon Pensii - Societate de Administrare a Fondurilor de Pensii Private S.A.;

Final approval of the amendment to the Prospectus of the voluntary pension scheme for the Voluntary Pension Fund Stabil, managed by Generali Societate de Administrare a Fondurilor de Pensii Private S.A;

Final approval of the amendment to the Prospectus of the voluntary pension scheme for the Voluntary Pension Fund BRD Medio, managed by BRD 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.