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    The EU technical support programme for sustainable financing in the non-bank financial market

The EU technical support programme for sustainable financing in the non-bank financial market


Bucharest, 20 Jauary 2023 - The Financial Supervisory Authority participated, on Wednesday 18 January 2023, in the meeting that marked the launch of a technical assistance project for national financial market regulators in four countries (Romania, Croatia, Poland and Malta) to implement the Sustainable Finance Framework.

The project is funded by the European Union through the TSI (Technical Support Instrument) programme and in cooperation with the European Commission’s Directorate-General for Structural Reform (DG REFORM).

The European Commission has committed itself through the European Green Pact to a number of ambitious targets, including reducing greenhouse gas emissions by at least 55% by 2030 and achieving climate neutrality by 2050. European sustainable finance legislation plays a key role in direc

The Financial Supervisory Authority monitors the application of this legislation to the non-bank financial market in Romania.

This project covers transparency and reporting requirements on sustainable financing applicable to undertakings for collective investment in transferable securities (UCITS) and UCITS managers, alternative investment funds and their managers, investment companies, insurance and reinsurance companies, insurance intermediaries, private pension funds and their managers in Romania.

The project aims to develop national supervisory tools and practices in this area and also contains an important component of cooperation with supervised entities on stakeholder understanding of the challenges, responsibilities and new opportunities brought by the EU sustainable financial framework.



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 .