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Decisions enforced by the Board of the Financial Supervisory Authority - 31.10.2018

 

Bucharest, 31 October 2018 – During today's meeting, the Board of the Financial Supervisory Authority (ASF) has approved the measures regarding the operating framework of the non-banking financial markets  supervised - insurance, capital market and private pensions, including:

 

A) Regulation

The Rule Draft on the distribution of insurances  (the draft will be published on www.asfromania.ro, for public consultation, for 10 days);

The rule for amending and completing the Rule of the Financial Supervisory Authority no. 1/2015 regarding the registration and record of participants to the privately managed pension funds (the rule will be sent for publication to the Official Gazette of Romania);

The rule on the registration and record of participants to the voluntary pension funds (the rule will be sent, for publication, to the Official Gazette of Romania).

 

B) Supervision

Results of the periodic inspection carried out within SSIF Tradeville S.A .;

The results of the periodic inspection carried out within SSIF Blue Rock Financial Services SA;

The results of the periodic inspection carried out within Generali Societatea de Administrare a Pensiilor Private S.A. as administrator of F.P.A.P.Aripi and F.P.F. Stabil.

 

C) Authorization

Amendments to the Articles of Incorporation of the company Millenium Insurance Broker (M.I.B.) S.A. (appointment of a member within the Board of Directors, sale of shares, shareholding structure);

Issuance of the Registration Certificates for structured products issued by SSIF BRK Financial Group S.A .;

Issuance of the Registration Certificate for the decrease in the share capital of the company Electrometal S.A. Timisoara;

Issuance of the Registration Certificate for the bonds issued by the company Bittnet Systems S.A. Bucharest for admission to trading on the Alternative Trading System managed by BVB;

Proportional prospectus in order to increase the share capital of the company IOR S.A. Bucharest;

Withdrawal from trading on BVB-ATS of the shares issued by the company Comat Alba S.A. Alba Iulia as a result of completing the procedures imposed by Regulation No. 2/2017 on the transfer or withdrawal from trading of the issuers’securities in case of closing an alternative trading system;

Change of the Prospectus of the Private Pensions Scheme for the BRD Private Pensions Fund managed by BRD Private Pension Funds Management Company S.A .;

Change of the Prospectus of the voluntary pensions scheme for the BRD Medio Facility Pension Fund managed by BRD Private Pension Funds Management Company S.A .;

Change of the Articles of Incorporation of the company Metropolitan Life Management Company of a Private Pension Fund S.A..

 

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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.ro.