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Decisions adopted by the Financial Supervisory Authority Board - 19.06.2019

 

Bucharest, June 19th, 2019 – At today's meeting, the Financial Supervisory Authority (ASF) Board has approved measures on the operating framework of supervised non-bank financial markets - insurance, capital market and private pensions, including:

A)  Regulation

The Regulation Draft for the amendment and completion of the Regulation of the Financial Supervisory Authority no.  2/2016 on the application of the principles of corporate governance by the entities authorized, regulated and supervised by the Financial Supervisory Authority (The Project shall be published on www.asfromania.ro, for public consultation);

The Regulation Draft for the amendment of paragraph (3) of Article 11 of the Regulatio  of the Financial Supervisory Authority no. 20/2018 on the professional training of the persons involved in the distribution activity (The project shall be published on www.asfromania.ro, for public consultation).

B)  Authorization

The appointment of Mr. Leslie Jones Breer as Executive Board Member and Executive Director of Gothaer Asigurări Reasigurări S.A.;

The appointment of Mrs. Năstase Gabriela – Iuliana for a new term of administrator of Sigura Broker de Asigurare S.R.L

The approval of a significant new shareholder of Millenium Insurance Broker (M.I.B.) S.A.;

Amendment to the Articles of Association of copany SIS Broker de Asigurare S.R.L. (shareholder identification data);

The increase in the share capital of company SAI Safi Invest S.A. with 150,000 lei, from 1,108,445 lei to 1,258,445 lei;

The registration of ASF's Public Register of the AG Financial Alternative Investment Fund managed by STK Financial Societate de Administrare a Investițiilor S.A.;

The issuance of the Registration certificates of structured products issued by Erste Group Bank AG;

The issuance of the Registration certificates of structured products issued by SSIF BRK Financial Group S.A.

C)  Miscellaneous

Report on the evolution of the insurance market in the first quarter of 2019.

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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.