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The decisions adopted by the ASF Council - 11.12.2019

 

Bucharest, December 11th, 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, including:

A)  Regulation

Norm for the modification of the Norm of the Financial Supervisory Authority no. 19/2018 regarding the distribution of insurance (The norm will be transmitted, for publication, to the Official Gazette of Romania);

The draft of Regulation for amending the ASF Regulation no. 5/2018 regarding the issuers of financial instruments and market operations (The project will be published on www.asfromania.ro, for public consultation, for 10 days);

Regulation for amending and supplementing the Regulation of the Financial Supervisory Authority no. 10/2016 regarding the organization and functioning of the ASF (The Regulation will be transmitted, for publication, to the Official Gazette of Romania).

 B)  Supervision

The results of the periodic control performed at the company D&CA Insurance Broker SRL;

The results of the periodic control performed at Generali Company for the Management of Private Pension Funds SA in capacity of administrator of FPAP Aripi and FPF Stabil;

The results of the periodic control performed at SAI Raiffeisen Asset Management S.A. in capacity of administrator of F.P.F. Raiffeisen Acumulare (Accumulation);

The results of the periodic control performed at BRD - Groupe Société Générale SA in capacity of depositary of the assets of the private pension funds.

C)   Authorization

Appointment of Mrs. Maria Galabova Rangelova as a member of the Board of Directors of Certasig - Insurance and Reinsurance Company SA;

Appointment of Mr. Arnaud Charles Marie René Brière of Hosseraye as a member of the Board of Directors of BRD Life Insurances SA;

Approval of the acquisition project presented by Uniqa International AG for the purchase of a qualified participation in the company Uniqa Asigurări SA, as a result of the merger by absorption between Uniqa International Beteiligungs-Verwaltungs GmbH and Uniqa International AG;

Approval of the acquisition project presented by Uniqa International AG for the purchase of a qualified participation in the company Uniqa Life Insurances S.A., as a result of the merger by absorption between Uniqa International Beteiligungs-Verwaltungs GmbH and Uniqa International AG;

Amendment of the Articles of Incorporation of Netgroup Insurance Reinsurance Broker S.R.L. regarding the object of activity;

Authorization of Optimus Fintech SA as a financial investment services company (SSIF);

Registration of the Alternative Investment Fund Atlas European Properties Fund, managed by SAI Atlas Asset Management SA, and its registration in the Public Register of the ASF;

Issuance of the Certificate of registration of the new characteristics of the company Retrasib SA Sibiu as a result of the diminution of the share capital;

Issuance of the Certificate of registration of the bonds issued by the company Golden Foods Snacks SA Bucharest in order to be admitted to trading on the Multilateral Trading System administered by BSE;

Approval of the acquisition project and of the significant shareholder Generali CEE Holding B.V. within the Generali Company for the Management of Private Pension Funds SA;

Approval of the increase of the share capital of Aegon Pensions Management Company of Private Pension Funds S.A. with the amount of 32,000,000 lei, from the value of 40,000,000 lei to the value of 72,000,000 lei and the authorization to amend the Articles of Incorporation;

Amendment of the prospectus of the optional pension scheme for the Optional Pension Fund Pensia Mea administered by Certinvest Pensions Management Company of the Facultative Pension Funds SA;

Amendment of the individual Act of accession to the NN Administered Private Pension Fund administered by NN Pensions Management Company of a Private Administered Pension Fund S.A.;

Amendment of the Organization and Functioning Regulations of NN Life Insurances S.A.

D)  Various

Report on the evolution of the insurance market in the third quarter of 2019;

Report on private pensions on September 30, 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.