Decisions taken by the Board of the Financial Supervisory Authority - 23.10.2019

 

Bucharest, October 23rd, 2019 –At today's meeting, the FSA Board approved measures regarding the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, including:

A)  Regulation

The draft Regulation on the establishment of measures to prevent and combat money laundering and terrorist financing through non-banking financial sectors (the project will be published on www.asfromania.ro, for public consultation, for 20 days).

B)  Supervision

Withdrawal of the operating authorization for 35 brokerage companies that did not comply with the legal norms in force.

C)  Authorization

Appointment of Mr. Robert Woodthorpe Browne as a member and Chairman of the Supervisory Board of the Insurance-Reinsurance Company City Insurance SA;

Appointment of Mr. Constantin Sorin George as a member of the Board of Directors of SSIF BRK Financial Group SA;

Issuing the Certificate of registration of the shares issued by the company Prodlacta SA Brașov in order to increase the share capital;

Issuing the Certificate of registration of the new characteristics of the company Fondul Proprietatea SA Bucharest as a result of the operation of diminishing the share capital;

Issuing the Certificate of registration of the new features of SIF Moldova SA as a result of the diminution of the share capital;

Modification of the Prospectus of the Private Pension Scheme for the Private Pension Fund AZT Viitorul Tău administered by Allianz-Țiriac Private Pensions Management Company of the Private Pension Funds SA;

Approval of the increase of the share capital with the amount of 15,000,000 lei, from the value of 52,000,000 lei to the value of 67,000,000 lei, and the modification of the Articles of Association of the General Management Company of the Private Pension Funds SA.

 

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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.