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The decisions adopted by the Board of the Financial Supervisory Authority - 24.03.2020

Bucharest, March 24, 2020 - At today's meeting, the Board of the Financial Supervisory Authority (ASF) approved measures regarding the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, including:

A)  Regulations

The Norm regarding the investment of the assets of the occupational pension funds (the norm will be transmitted, for publication, to the Official Monitor of Romania);

The Norm regarding the evaluation of the assets of the occupational pension funds (the norm will be transmitted, for publication, to the Official Monitor of Romania);

The Norm regarding the transfer of participants from an occupational pension fund to another occupational or optional pension fund (the norm will be transmitted, for publication, to the Official Monitor of Romania);

The Norm regarding the operations of receipts and payments carried out through the accounts of the occupational pension fund (the norm will be transmitted, for publication, to the Official Monitor of Romania);

The Norm for the modification and completion of the Norm of the Financial Supervisory Authority no. 3/2014 regarding the internal control, the internal audit and the risk management in the private pension system (the norm will be transmitted, for publication, to the Official Monitor of Romania);

The Draft Norm regarding the temporary modification of the maximum limit applicable to investments of private pension funds in government securities (the project will be published on www.asfromania.ro, for public consultation, for 10 days);

The draft Norm regarding the extension of the deadlines for submission of annual financial statements from the Norm of the Financial Supervisory Authority no. 7/2017 regarding the preparation and submission of the annual financial statements of the entities from the private pension system (the project will be published on www.asfromania.ro, for public consultation, for 10 days).

B)  Surveillance

The result of the periodic control performed at S.A.I. Broker S.A.

C) Authorization

Appointment of Mr. Klaus Christoph Reichert for a new term as non-executive member and vice-president of the Board of Directors at Gothaer Asigurări Reasigurarii S.A .;

Appointment of Mrs. Cristina-Daniela Anculescu as a member of the Board of Directors, at the company Uniqa Asigurări de Viață S.A .;

Appointment of Mr. Bernard Jean-Michel Veber as administrator / member of the Board of Directors of the company Groupama Asigurări S.A .;

Appointment of Mrs. Daniela Simescu as executive director of the company Condor - Insurance Broker S.R.L.

Amendment of the Unicredit Insurance Broker S.R.L. (new mandate of administrator);

Modification of the Constitutive Act of the company Eurolife ERB Asigurări Generale S.A. as a result of the increase of the share capital with the amount of 2,381,916 lei, from the value of 14,977,092 lei to the value of 17,359,008 lei;

Amendment of the Act of incorporation of the company Safety Broker de Asigurare S.R.L. as a result of the increase of the share capital by the amount of 800,000 lei, from the value of 700,000 lei to the value of 1,500,000 lei;

Amendment of the Articles of Incorporation of Renomia - SRBA Insurance Broker S.R.L. (establishment of work place);

Amendments to the Articles of Incorporation of Piraeus Insurance Reinsurance Broker Romania S.A. (sale of shares, significant new shareholder and modification of articles);

The changes made in the documents of the Open Investment Fund Omninvest, administered by the Investment Management Company Sira S.A .;

Modification of the conditions under which the authorization decision of BRD Company for the Management of Private Pension Funds S.A. was granted, regarding the contract for the custody of the assets of the BRD Medio Optional Pension Fund;

Modification of the Prospectus of the optional pension scheme for the Optional Pension Fund AZT Moderato, administered by Allianz-Țiriac Private Pensions Management Company of the Private Pension Funds S.A .;

Modification of the Investment Policy Statement for the AZT Moderato Optional Pension Fund and the AZT Vivace Optional Pension Fund, administered by Allianz-Țiriac Private Pensions Management Company of Private Pension Funds S.A .;

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 S.A .;

Modification of the Management Contract for the Private Pension Fund AZT Viitorul Tuitorul, administered by Allianz-Țiriac Private Pensions Management Company of the Private Pension Funds S.A .;

Modification of the Prospectus of the private pension scheme for the Private Pension Fund AZT Viitorul Tuitorul, administered by Allianz-Țiriac Private Pensions Private Pension Fund Management Company S.A.

D)  Miscellaneous

Report on the evolution of the Romanian capital market in the fourth quarter of 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.