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    Decisions adopted by the Board of the Financial Supervisory Authority

Decisions adopted by the Board of the Financial Supervisory Authority

Bucharest, 18 May 2022 – At today's meeting, the Board of the Financial Supervisory Authority (ASF) adopted measures on the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, as follows:

 

A)  Regulation

Regulation amending and supplementing the Regulation of the Financial Supervisory Authority No 4/2021 on the control activity carried out by the Financial Supervisory Authority (the Regulation will be sent for publication to the Official Gazette of Romania);

Regulation amending and supplementing the Regulation of the Financial Supervisory Authority and the National Bank of Romania No. 10/4/2018 on the protection of financial instruments and funds belonging to clients, product governance obligations and rules applicable to the granting or receiving of fees, commissions or other types of pecuniary or non-pecuniary benefits, with subsequent amendments and additions (the Regulation will be forwarded for publication to the Official Gazette of Romania);

Rule for the application of the provisions of the ESMA Guidelines on methodology, supervisory function and record keeping under the Benchmarks Regulation and for the amendment of the Annex to the Financial Supervisory Authority Rule No 21/2019 on the application of the ESMA Guidelines on insignificant benchmarks (the rule will be sent for publication to the Official Gazette of Romania).

 

B)  Authorisation

Approval of the appointment of Mrs Cosmănescu Andreea as member of the Board of Directors of S.I.F. Oltenia S.A.;

Approval of the withdrawal of the shares issued by Mecanoenergetica S.A. Drobeta Turnu Severin from trading and their delisting from the A.S.F. register in view of the bankruptcy filing;

Approval of Mrs. Belicciu Codruța-Ana as CEO of Fly Insurance – Broker de Asigurare Reasigurare S.R.L.;

Approval of amendments to the Articles of Incorporation of Domas Insurance Broker de Asigurare S.R.L. (addition of the activity object, appointment of directors);

Approval of amendments to the Articles of Incorporation of Orizont Broker de Asigurare - Reasigurare S.A. (transfer of shares, new significant shareholders, shareholder structure, update of shareholder and director data);

Approval of the endorsement of the amendment of the Regulation of Organisation and Functioning of BT Pensii - Societate de Administrare a Fondurilor de Pensii Facultative S.A.;

Approval of the final approval of the amendment to the Prospectus of the voluntary pension scheme for the Raiffeisen Acumulare Voluntary Pension Fund, managed by S.A.I. Raiffeisen Asset Management S.A.;

Approval of Investor Compensation Fund Procedure No. 1 on Fund participants, determination and payment of obligations to the Fund.

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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, private pension and capital markets. The FSA contributes to strengthening the integrated framework for the functioning of the three sectors, which together account for more than 10 million participants. More information can be found at www.asfromania.ro.