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Decisions adopted by the Council of the Financial Supervisory Authority - 15.04.2020

Bucharest, April 15th, 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

Integration in the regulatory framework of the EIOPA Guide on outsourcing to cloud service providers;

Regulation on the authorization and operation of alternative investment funds (the regulation will be sent, for publication, to the Official Gazette of Romania)

B)  Supervision

The results of the periodical control carried out at SSIF BRK Financial Group SA

C)  Authorization

The appointment of Mrs. Ayla Mengazi for a new mandate as deputy Director general ar BRD Life Insurances SA;

The authorization of Mr. Benche Narcis Horațiu and Mr. Pop Daniel in the capacity of members of the Board of Administration of the financial investment services company Interdealer Capital Invest SA;

The amendment of the Articles of Incorporation of the company SIF Banat - Crișana SA;

The extension by 2 years of the maximum audit period of 5 consecutive years by the current financial auditor, Expert Audit SRL, for FDI Plus Invest, managed by SAI Muntenia Invest SA, respectively for the financial statements for 2020 and 2021;

Classification in except for the reporting obligation provided for in the (EU) Regulation no. 648/2012 in the situation of transactions with derivative financial instruments concluded by Provident Financial Romania IFN SA with International Personal Finance PLC;

The issuance of Certificates of Registration of structured products issued by Erste Group Bank AG;

The issuance of Certificates of Registration of structured products issued by SSIF BRK Financial Group SA;

The issuance of the Certificate of Registration of the allocation rights of the shares issued by the company Bittnet Systems SA Bucharest in order to be admitted to trading on BVB - AeRO market;

Withdrawal from trading on the multilateral trading system administered by BVB and deletion from the ASF records of the shares issued by Intfor SA Galati as a result of bankruptcy;

Modification of the Management Contract for the Metropolitan Life Privately Managed Pension Fund managed by Metropolitan Life Privately Managed Pension Fund Management Company SA;

Modification of the Prospectus of the private pension scheme for the Metropolitan Life Privately Managed Pension Fund managed by Metropolitan Life Privately Administered Pension Fund Management Company 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.