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Decisions adopted by the Financial Supervisory Authority’s Board - 03.05.2018



Bucharest, May 3rd, 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 draft amending and supplementing the ASF Rule no. 1/2015 on the adherence and record of participants to privately managed pension funds (the draft will be posted on www.asfromania.ro, for public consultation, for 10 days);

The draft of rule on the adherence and record of participants to voluntary pension funds (the draft will be posted on www.asfromania.ro, for public consultation, for 10 days).

 

B)          Supervision

Sanctioning of Eurorisk Insurance Broker S.R.L. with the temporary prohibition of the exercise of the activity;

The results of the periodic inspection carried out at Westaco Broker de Asigurare S.R.L .;

The results of the unannounced inspection carried out at S.C. Generali România Asigurare-Reasigurare S.A.;

Rejection of previous complaints against some ASF decisions.

C)           Authorization – Licensing

Appointment of Mr. Cezar-Flavian Patriche for a new mandate as a member of the Board of Directors of Compania de Asigurări - Reasigurări Exim România (CARE - România) S.A.;

Appointment of Mrs. Daniela Meghea, Mr. Octavian Bazon and Mr. Dan-Junior Gătăianțu for new mandates as the Vice-Chairman, respectively Directors in the company Asigurarea Românească - Asirom Vienna Insurance Group S.A.;

Appointment of Mr. Laurent Simon Doubrovine for a new mandate as a member of the Board of Directors of BRD Societate de Administrare a Fondurilor de Pensii Private S.A.;

Changes in the organization and operation of SAI Vanguard Asset Management S.A. as a result of the share capital increase, from 1,437,283.50 lei to 1,532,283.50 lei;

Amendment of the Articles of Incorporation of Societate de Asigurare - Reasigurare City Insurance S.A., following the change of the registered office;

Amendment of the Articles of Incorporation of SAI Raiffeisen Asset Management S.A.;

Amendments to the documents of the Open-end Funds Pioneer Integro and Pioneer Stabilo managed by Amundi Asset Management SAI S.A.;

Issuance of Securities Registration Certificate for CI-CO S.A. București;

Amendment of the Deposit Agreement regarding the assets of the Privately Managed Pension Fund Vital, managed by Aegon Pensii - Societate de Administrare a Fondurilor de Pensii Private S.A.;

Amendment of the Deposit Agreement regarding the assets of the Voluntary Pension Fund Aegon Esențial, managed by Aegon Pensii - Societate de Administrare a Fondurilor de Pensii Private S.A.

 

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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.