Decisions adopted by the Financial Supervisory Authority Board- 13.03.2019

Bucharest, March 13th, 2019 – At today's meeting, the Financial Supervisory Authority (ASF) Board has approved measures on the operating framework of supervised non-bank financial markets - insurance, capital market and private pensions, including:

A) Regulation

The Regulation Draft for the conclusion of the financial year 2018 for insurance entities (the draft will be submitted, for publication, to the Official Gazette of Romania);

The Regulation Draft for amending and supplementing the Regulation of the Financial Supervisory Authority no. 4/2013 on supporting stock related to certificates of deposit (the draft will be published on www.asfromania.ro, for public consultation, for 5 days).

B) Monitoring

The results of the periodical control performed at Ergo Asigurări de Viață S.A.

C) Authorization

The appointment of Mr. Gerhard Walter Weidenfeld as a member of the Board of Directors of Gothaer Asigurări – Reasigurări S.A company;

The appointment of Mr Omer Tetik, Mr Costel Lionăchescu and Mr Paul George Prodan as members of the Board of Directors of SSIF BT Capital Partners (new term);

The appointment of Mr. Piotr Franciszek Klinowski as a member of the Board of Directors of SAI Vanguard Asset Management S.A.;

The appointment of Ms Alina Steluţa Pică as a member of the Board of Directors of SAI Erste Asset Management S.A.;

The changes in the organization and functioning of SAI Certinvest S.A. as a result of the change in the composition of the management, as well as the reduction of the share capital from 13,024,365.86 lei to 3,988,322.56 lei;

The increase of the share capital of Asimed Reinsurance Asimed S.A. from 14,885,000 lei to 15,285,000 lei;

Registration of SAI Sira S.A. as an AIFM (Alternative Investment Fund Manager) and enrolling in the Public Register of ASF;

The issuance of Certificates for registration of the share capital increase of Banca Transilvania S.A. Cluj-Napoca and the reduction of the number of bonds issued by it.

D) Miscellaneous

The Activity Report of the Institute of Financial Studies (ISF) for 2018.

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About ASF

ASF is the national authority established in 2013 through GEO 93/2012 approved by Law 113/2013 for the regulation and supervision of insurance markets, private pensions and the capital market. ASF contributes to strengthening the integrated operating framework of the three sectors, which totalls over 10 million participants. More information can be found on  www.asfromania