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Decisions adopted by the Financial Supervisory Authority Board - 21.05.2019

 

Bucharest, 21st of May 2019 –At today's meeting, the Board of Financial Supervisory Authority (ASF) approved measures regarding the operating framework of supervised non-bank financial markets - insurance, capital market and private pensions, including:

A) Supervision

The results of the control without prior notice performed at Atlas Broker Reinsurance Company, as well as the suspension, upon request, of the company's business.

B) Authorization

Appointment of Mr. Franz Fuchs as a member and Chairman of the Supervisory Board at the Romanian Insurance Company - Asirom Vienna Insurance Group S.A .;

Appointment of Mr. Tace Ion Daniel as Executive Director of the company L.M.C. Asig Broker de Asigurare S.R.L .;

The change made in the Articles of Incorporation of SIF Muntenia SA;

Registration of the credit institution Marfin Bank (Romania) S.A. in the ASF Register, at the request of the National Bank of Romania, in order to provide services and investment activities;

Changes in FDI Prospectuses: Erste Liquidity RON, Erste Equity Romania, Erste Bond Flexible RON, Erste Bond Flexible EUR, You Invest Solid RON, You Invest Solid 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 - as a consequence of the of the provisions of Law no. 126/2018 on financial instrument markets as regards distribution activity as well as other changes adopted by the company;

Issuing the Certificates for the registration of structured products issued by SSIF BRK Financial Group S.A.

 

About ASF

ASF is the national authority set up in 2013 through OUG 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 amounts over 10 million participants. More information can be found at www.asfromania.ro.