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Decisions adopted by the Financial Supervisory Authority Board - 07.08.2019

 

Bucharest, 7th of August 2019 – At today's meeting, the Board of Financial Supervisory Authority (ASF) approved measures regarding the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, among which:

A)  Regulation

Draft of the Norm on the ESMA Guide for the application of sections C point 6 and C point 7 of Annex 1 to Directive EU / 65/2014 (MiFID II) (the project will be published on www.asfromania.ro, for public consultation, for 20 days).

B)  Supervision

The results of the supervision activity from the perspective of the conduct to Societatea de Asigurare - Reasigurare City Insurance S.A (sanction with written warning and establishing the obligation to submit a plan of measures to resolve the recorded situations);

The results of the supervision activity from the perspective of conduct to Euroins Romania Asigurare Reasigurare S.A. (sanction with written warning).

C)  Authorization

Appointment of Mrs. Iuliana Rusei as a member of the Supervisory Board at the company UNIQA Asigurări de Viață S.A.;

Appointment of Mrs. Georgiana - Nicolette Popescu Ivancu as a member of the Board of Directors of the Asigurarea Românească - ASIROM Vienna Insurance Group S.A.;

Appointment of Mr. Marcel Pîrciog for a new mandate as General Manager at Asito Kapital S.A.;

Appointment of Monica Adriana Ivan as Director of SSIF BRK Financial Group S.A .;

Appointment of Mr. Iuliu Viorel Nica as a member of the Board of Directors of Certinvest Pensii Management Company of the Facultative Pension Funds S.A.;

Amendments to the Articles of Incorporation of Prime Insurance - Insurance Broker S.R.L. (new administrator mandate, change of registered office, article modification);

Amendments to the Act of incorporation of the company Safety Broker de Asigurare S.R.L. (completing the activity object);

Amendment to the Articles of Incorporation of Bavaria Broker de Asigurare S.R.L. (transfer of shares);

Registration in the Public Register of A.S.F. the Alternative Investment Funds HYB INVEST and ALPHA INVEST, managed by SAI BROKER S.A., which attract resources privately and are intended for professional investors;

Amendment of the Prospectus of the private pension scheme for the BCR Private Pension Fund, administered by BCR Pensii, Private Pension Fund Management Company S.A.

 

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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.