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Decisions adopted by the Council of the Financial Supervisory Authority - 20.05.2020

Bucharest, May 20th , 2020 – During the meeting held today, the Council of the Financial Supervisory Authority (Ro. ASF) has approved measures regarding the operational framework of the supervised financial non-banking markets - insurance, capital market and private pensions, among which:

A)   Regulation

The rule for the modification of the annex to the ASF Rule no. 13/2018 for the application of the ESMA Guide regarding the stress scenarios under art. 28 of (EU) Regulation no. 1131/2017 on money market funds. (The rule will be sent, for publication, to the Official Gazette of Romania).

B)  Monitoring

The results of the periodical inspection performed at Allianz-Țiriac Asigurări SA;

The results of the periodical inspection performed at BRD Management Company of a Privately Administered Pensions Fund S.A.  as administrator of FPAP BRD and FPF BRD Medio.

C)  Authorization

Appointment of Mrs. Nicolae Elena and Mr. Tudoran Petrică and Simulescu Mihail Valentin in the capacity of members of the Board of Administration of SSIF Estinvest SA, due to the renewal of the mandates granted to them;

Approval of the operating authorization as main intermediary - brokerage company of One Insurance Broker de Insurance - Reinsurance SRL;

The amendments brought to the Articles of Incorporation of the company Obsidian Broker de Insurance - Reinsurance SRL regarding the completion of the scope of business and the modification of the company's headquarters;

Authorization to update the scope of business of the financial investment services company Vienna Investment Trust SA in accordance with the provisions of Law no. 126/2018;

Amendments that have occurred in FDI Raiffeisen Confort Euro documents administered by SAI Raiffeisen Asset Management SA;

Approval of the Basic Prospectus related to the Structured Products Issue Program of SSIF BRK Financial Group SA Cluj-Napoca and issuance of the Certificate attesting the approval of the Basic Prospectus for its notification by the Competent Authorities of Austria, Hungary and Poland;

Approval of the prospectus prepared for the admission to trading on the regulated market managed by the BSE (Ro. BVB) of the shares issued by Bittnet Systems SA Bucharest;

Issuance of the Certificate of Registration of the decrease of the share capital of Teraplast SA Bistrița-Năsăud;

Amendment of the Prospectus of the private pension scheme for the BRD Privately Administered Pension Fund administered by BRD Management Company of a Privately Administered Pensions Fund S.A.;



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.