Facebook LinkedIn

Decisions adopted by the Financial Supervisory Authority’s Board - 16.05.2018


Bucharest, May 16th, 2018
– During today’s meeting, the Financial Supervisory Authority’s Board (ASF) has approved some measures with regard to the operating framework of non-banking financial markets supervised – insurance, capital market and private pensions, among which:

A)          Regulation

The regulation amending and supplementing the ASF Regulation no. 3/2014 on some aspects related to the application of Government Emergency Ordinance no. 99/2006 on credit institutions and capital adequacy and Regulation (EU) no. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) no. 648/2012 (the regulation will be submitted for publication to the Official Gazette of Romania).

 

B)          Supervision

The results of the periodic inspection carried out at BRD SAFPP S.A. as manager of FPAP BRD and FPF BRD Medio.

C)           Authorization – Licensing

Appointment of Mr. François Benoit Jean Baptiste Pierre Coste as Chairman of the Board of Directors and Mr. Gabriel Marcu as Vice Chairman of the Board of Directors of POOL-ul de Asigurare Împotriva Dezastrelor Naturale S.A. (PAID);

Appointment of Mr. Octavian Cosenco for a new mandate as board member of the company BCR Asigurări de Viață Vienna Insurance Group S.A.;

Appointment of Mrs. Daniela Niculina Vasile for a new mandate as board member of the company BCR Asigurări de Viață Vienna Insurance Group S.A.;

Appointment of Mr. Străuț Radu Răzvan as the Manager of SIF Banat- Crișana S.A.;

Appointment of Mr. Raț Răzvan-Legian as the head of SSIF BRK Financial Group S.A.;

Authorization of Adriana Avram as the person in charge of the internal control structure within Generali Societate de Administrare a Fondurilor de Pensii Private S.A.;

Amendment to the Articles of Incorporation of R.C.G. Insurance Broker S.R.L. (new mandate as a censor);

Amendment to the Articles of Incorporation of BRD Asigurări de Viață S.A. (change of registered office);

Amendments to the Articles of Incorporation of Adamas Broker de Asigurare S.R.L. ((assignment of shares, shareholding and change of registered office);

Amendments to the Articles of Incorporation of SIF Muntenia S.A.;

Authorization of the restriction of the object of activity of OTP Asset Management Romania SAI S.A., upon the company request;

Authorization of the amendments to the documents of the open-end funds BT Clasic, BT Maxim, BT Obligațiuni, BT Index România - ROTX, BT Index Austria - ATX, BT Euro Obligațiuni, BT Euro Clasic , BT Fix and BT Euro Fix managed by BT Asset Management SAI S.A.;

Amendment of the Prospectus of the voluntary pension scheme for the Voluntary Pension Funds BCR Plus managed by BCR Pensii, Societate de Administrare a Fondurilor de Pensii Private S.A.;

Amendment to the Articles of Incorporation of NN Pensii Societate de Administrare a unui Fond de Pensii Administrat Privat S.A.;

Issuance of Securities Registration Certificates for structured products issued by Erste Group Bank A.G.

*********


About ASF

ASF is the national authority, established in 2013 under GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of insurance, private pensions and capital markets. ASF contributes to consolidating the integrated framework of operation of the three sectors, totaling over 10 million participants.

More information can be found on www.asfromania.ro.