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Decisions adopted by the Board of the Financial Supervisory Authority - 29.11.2018

 

Bucharest, November 28th, 2018 - At today's meeting, the Board of the Financial Supervisory Authority (ASF) approved measures regarding the functioning framework of supervised non-bank financial markets - insurance, capital market and private pensions, including:

A) Regulation

Norm on the distribution of insurance (the norm will be submitted, for publication, to the Official Gazette of Romania);

The draft of the Norm for the modification of the Norm no. 19/2015 on the application of International Financial Reporting Standards by insurance and / or reinsurance companies (the project will be published on www.asfromania.ro for public consultation for 10 days);

The draft of the Norm for amending and supplementing Annex no. 1 to the Norm of the Financial Supervisory Authority no. 39/2015 for the approval of the Accounting Regulations in accordance with International Financial Reporting Standards applicable to entities authorized, regulated and supervised by the ASF in the Financial Instruments and Investments Sector (the project will be published on www.asfromania.ro for public consultation for 10 days).

B) Monitoring

Results of periodic control conducted at Omniasig VIG S.A .;

Results of periodic control conducted at Admiral Markets UK London - Bucharest Branch;

Withdrawal, on request, of the operating license for the company Alma Insurance Broker S.R.L.

C) Authorization

Appointment of Mrs. Aelita Arampova as a member of the Supervisory Board of the City Insurance Insurance- Reinsurance Company S.A .;

The appointment of Mrs. Roscaneanu Anca-Vasilica as a member of the Board of Directors for a new term of office at Willis Towers Watson Romania-Insurance Broker S.R.L .;

Appointment of Mrs. Rusu Eleonora Georgeta as Executive Director (Executive Director) for a new term of office at Agricover Insurance Broker S.R.L.;

Appointment of Mrs. Cristea Melania as Managing Director (Executive) to Viva Insurance-Reinsurance Broker Company S.R.L .;

Appointment of Mr. Chirodea Radu Gabriel as director of SSIF Muntenia Global Invest S.A .;

Appointment of Mr. Nicolae Gheorghe as a member of the Board of Directors of SSIF Muntenia Global Invest S.A .;

Appointment of  Mrs. Tatulescu Mirela to ensure the risk management key function within SSIF Share Invest S.A .;

Appointment of Mr. Lupsan Pompei to ensure the risk management key function within SSIF Alpha Finance Romania S.A .;

Appointment of Mr. Mancas Catalin as a member of the Board of Directors of SSIF BRK Financial Group S.A .;

Amendments to the constitutive act of Ritter - Insurance and Reinsurance Broker, S.R.L. (assignment of shares, new significantly associated, structure of associates, modification of an article);

Amendments to the constitutive act of Gepa Broker Insurance S.R.L (assignment of shares, new significantly associated);

Amendments to the constitutive act of RCI Insurance Broker S.R.L. (assignment of shares, structure of associates, new administrator);

Changes in FDI Documents: ERSTE Money Market RON, ERSTE Balanced RON, ERSTE Equity Romania, ERSTE Bond Flexible RON, ERSTE Bond Flexible EUR, YOU INVEST Solid RON, YOU INVEST Balanced EUR, YOU INVEST Balanced EUR, YOU INVEST Balanced RON, YOU INVEST Active RON and YOU INVEST Active EUR managed by SAI ERSTE Asset Management SA;

Changes in FDI ETF BET Tradeville documents managed by SAI Vanguard Asset Management S.A .;

Notification of the intention of the alternative investment fund management company BNP Paribas Asset Management France, established in another Member State, to provide services in Romania on the basis of Art. 6(4) of Directive 61/2011 / EU;

Notification of the Commission of Surveillance du Secteur Financier of the intention of the investment management company Capital International Management Company to provide services on the territory of Romania on the basis of free movement;

Issuance of Structured Product Registration Certificates issued by ERSTE Group Bank AG;

Issuance of the Certificate of Registration of the bonds issued by Grup Sapte S.A. for admission to trading on the Alternative Trading System administered by BVB;

Withdrawal from trading on the alternative trading system administered by BVB and deletion from the ASF of the shares issued by the company Alianta Investments Group S.A. Bistrita-Nasaud as a result of the opening of the simplified insolvency procedure.

 

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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.