Decisions taken by the Financial Supervisory Authority Board - 13.11.2019

 

Bucharest, November 13, 2019 - During today's meeting, the ASF Council approved measures regarding the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, including:

A)  Regulation

Implementation of the ESMA Guide on risk factors under the Prospectus Regulation.

B)  Surveillance

The results of the periodic control carried out at the company LONDON BROKERS - BROKER DE ASIGURARE - REASIGURARE SRL;

The results of the periodic control performed at NN Pensii SAFPAP SA as administrator of FPAP NN;

Sanctioning of insurance brokerage companies that did not comply with the legal provisions regarding the transmission of periodic reports to FSA.

C)  Authorization

The appointment of Mr. Reiner Türr as Deputy General Manager / CFO and Member of the Executive Management at GOTHAER ASIGURĂRI REASIGURĂRI SA;

Appointment of Mr. Mihai Ţânțaru as Investment Director within NN Asigurări de Viață SA;

Amendment of the Articles of Incorporation as a result of the increase of the share capital in the company ASIGURAREA ROMANNEASCĂ - ASIROM VIENNA INSURANCE GROUP SA with the amount of 84,177,8820.20 lei, from the value of 424,939,437.20 lei to the value of 509,117,257.40 lei;

Amendments to the Articles of Incorporation of INTERNATIONAL LINK INSURANCE BROKER SRL (sale of shares, sole associate, appointment of administrator and modification of an article);

Amendments brought to the Articles of incorporation of WESTACO BROKER DE ASIGURARE SRL (significant new associate approval, significant personal data modification, associated structure changes, associated participations modification, material error correction);

Amendments to the Articles of Incorporation of INTERNATIONAL INSURANCE BROKER SRL (modification of activity object); Suspension of the issuance and redemption of the fund units of the OPEN INVESTMENT FUND YOU INVEST ACTIVE RON, the OPEN INVESTMENT FUND YOU INVEST SOLID RON and the OPEN INVESTMENT FUND YOU INVEST BALANCED RON, administered by SAI ERSTE ASSET MANAGEMENT these funds;

Suspension of the issuance and redemption of the fund units of the OPEN INVESTMENT FUND YOU INVEST ACTIVE EUR and the OPEN INVESTMENT FUND YOU INVEST SOLID EUR, administered by SAI ERSTE ASSET MANAGEMENT SA, as a result of the merger by absorption of these funds;

The prospectus prepared for the admission to trading on the regulated market administered by BVB of the bonds issued by PATRIA BANK SA BUCUREȘTI and the issuance of the Certificate of registration of the issued bonds;

Amendment of the Articles of Incorporation of BRD Company for the Management of Private Pension Funds SA;

Amendment of the Individual Document of accession to the PENSIA MEA Optional Pensions Fund, administered by CERTINVEST PENSIONS SOCIETY OF ADMINISTRATION OF FUNDS OF PENSIONS FACULTATIVE 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.