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Decisions adopted by the Board of the Financial Supervisory Authority - 03.12.2018

 

Bucharest, December 3rd, 2018 - At today's meeting, the Board of the Financial Supervisory Authority (ASF) approved measures regarding the operating framework of supervised non-bank financial markets - insurance, capital market and private pensions, including:

 

A) Regulation

Regulation on the Public Register of the Financial Supervisory Authority (the Regulation will be forwarded, for publication, to the Official Gazette of Romania);

The Letter addressed to the Bucharest Stock Exchange (BVB) by which ASF expresses the intention to reduce, after the establishment of a local Central Counterparty (CCP), the share of the value of transactions in financial instruments concluded within the BVB and which will be compensated by a local CCP, to at least 0.03% (decrease by 50% from the current value) and not more than 0.02% (decrease by 66.67%).

 

B) Monitoring

The results of the periodic inspection carried out at Alpha Bank S.A. - intermediary credit institution;

The results of the periodic inspection carried out at BRD - Groupe Société Générale S.A. as depositary of the assets of private pension funds.

 

C) Authorization

The appointment of Mr. Klaus Wegenkittl as a member of the Supervisory Board at Ergo Life Insurances S.A .;

The appointment of Mr. Josef Adelmann as a member of the Supervisory Board at Ergo Life Insurances S.A .;

The appointment of Mr. Josef Adelmann as a member of the Board of Directors of Ergo Insurances S.A .;

The appointment of Mr. Adrian-Constantin Marin as a member of the Supervisory Board at Generali Private Pension Funds Management Company S.A .;

The appointment of Mrs. Flori Farcasanu as Compliance Officer at BRD Asset Management SAI S.A .;

The amendments to the Constitutive Act of INK Consulting- Insurance Broker S.R.L. (assignment of shares, new significantly associated, modification of articles);

The issuance of Registration Certificates for Structured Product issued by SSIF BRK Financial Group S.A .;

The issuance of the Certificate of Registration of the new features of Mecanica Codlea S.A. as a result of diminishing the share capital;

The issuance of Certificate of Registration of the new features of Romaero S.A. Bucharest following the increase in the share capital.

 

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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.