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The decisions adopted by the ASF Council - 18.12.2019

Bucharest, December 18th, 2019 - During 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)  Regulations

Draft Norm on the application of measures in case of withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union without an agreement (The project will be published on www.asfromania.ro, for public consultation, for 15 days); http://www.asfromania.ro

Norm for the application of the ESMA Guide on risk factors under the Prospectus Regulation (the norm will be transmitted, for publication, to the Official Journal of Romania);

Draft Norm regarding the application of the Guide on STS criteria for non-ABCP securitization (EBA / GL / 2018/09) and the Guide on STS criteria for securitization of ABCP (EBA / GL / 2018/08) (The project will be published on www.asfromania.ro, for public consultation, for 10 days).

 B)  Surveillance

Withdrawal, upon request, of the operating authorization of Sircom Insurance Broker SRL, as well as its deletion from Section I of the Register of the main intermediaries;

The results of the periodic control performed at SAI Muntenia Invest SA and the entities managed by it (SIF Muntenia SA and FDI Plus Invest).

C) Authorization

Appointment of Mr. Tiberiu-Cristian Maier for a new term of office as president of the Board of Directors at the company Signal Iduna Asigurare Reasigurare SA;

Appointment of Mr. Sotirios Sofopoulos for a new term as a member of the Board of Directors of the company Garanta Asigurări SA;

Appointment of Mr. Radosław Pawłowski as a member of the Board of Directors of Certasig - Insurance and Reinsurance Company SA;

Appointment of Mr. Balaci Dragoș as director of SAI Atlas Asset Management SA;

Approval of the request of the company Obsidian Broker de Asigurare-Reasigurare SRL to obtain the authorization to operate as the main intermediary - brokerage company, approval of the administrator and the executive manager;

Amendments to the Act of incorporation of the company Trust Brokers Broker de Asigurare SRL  (assignment of social shares, significant associate, structure of associates, new administrator mandate and modification of articles);

Amendments to the Articles of Incorporation of the company Fabrica de Asigurări - Asigurare Broker SRL (change of registered office, transfer of social shares, structure of associates, increase of share capital and closing of work point);

Amendments made to the Articles of Association of the company Ritter - Insurance and Reinsurance Broker SRL (completing the secondary activity, changing the registered office of the associate Niro Investment SA);

Modification of the Articles of Incorporation of the Pool of Insurance against Natural Disasters SA (PAID), following the change of the registered office;

Authorization of the company Depozitarul Central SA (based on Regulation (EU) no 909/2014, the technical standards issued in its application, the FSA Regulation no 10/2017, as well as the Law no 126/2018) and the approval of the new Code and the new Regulation for the organization and functioning of the company;

Authorization of the modifications in the documents of the Alternative Investment Funds Michelangelo, Herald, Hermes and DCP Investments, administered by SAI Atlas Asset Management SA, as a result of the application of the provisions of some normative acts; 

Authorization of the modifications made in the documents of the Open Investment Funds Monolith, Piscator Equity Plus and Audas Piscator, administered by SAI Atlas Asset Management SA, as a result of the application of the provisions of some normative acts; 

Authorization of the modifications made in the documents of the Open Investment Funds Certinvest Prudent, Certinvest Bonds, Certinvest Dynamic, Certinvest Bet Index, Certinvest Bet-Fi Index and Certinvest Xt Index, administered by SAI Certinvest SA, following the application of the provisions of some normative acts, as well as of some changes voluntarily adopted by the company;

Authorization of the changes made in the documents of Open Investment Funds BT Dollar Fix, BT Euro Fix, BT Fix, BT Real Estate, BT Agro, BT Energy, BT Technology, BT Bonds, BT Euro Bonds, BT Classic, BT Euro Classic, BT Index Austria - Atx, BT Index Romania - Rotx and BT Maxim administered by BT Asset Management SAI SA;

Approval of the prospectus prepared for the admission to trading on the regulated market administered by BVB of the bonds issued by BT Leasing Transilvania IFN SA Cluj-Napoca and of the issuing of the Certificate of registration of the issued bonds;

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

Issuing the Certificate of registration of the shares issued by the Energy Company Electrica SA Bucharest in order to increase the share capital;

Issuance of the Certificate of registration of the new features of the company Industria Câmpia Turzii SA as a result of the increase of the share capital;

Issuing the Certificate of registration of the bonds issued by Banca Comercială Română SA in order to be admitted to trading on the regulated market administered by BVB;

Withdrawal from the trading on the multilateral trading system administered by BVB and deletion from the FSA record of the shares issued by the company Lacta SA Giurgiu as a result of the bankruptcy;

Approval of the increase of the share capital and of the modification of the Articles of Incorporation of BRD Company for the Management of Private Pension Funds SA;

Approval of the increase of the share capital and authorization of the modification of the Articles of Incorporation of Allianz-Țiriac Pensii Private Pensions Private Management Company SA;

Modification of the Prospectus of the optional pension scheme for the AZT Vivace Optional Pension Fund administered by Allianz-Țiriac Private Pensions Management Company of the Private Pension Funds SA;

Modification of the Prospectus of the optional pension scheme for the AZT Moderato Optional Pension Fund administered by Allianz-Țiriac Private Pensions Private Pension Fund Management Company SA

D)  Miscellaneous

Report on the evolution of the Romanian capital market in the III quarter 2019;

Information on the results of the analysis of the reports on the damage files notified to the insurers based on the compulsory insurance contracts RCA in the III quarter 2019;

Information on reports on petitions submitted to FSA by insurance companies in the third quarter of 2019.