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Decisions adopted by the Council of the Financial Supervisory Authority – 11.06.2020

Bucharest, June 11th, 2020 – During the meeting held today, the Council of the Financial Supervisory Authority (Ro. ASF) approved measures regarding the framework of operation of the supervised non-banking financial markets - insurance, capital market and private pensions, including:

A) Regulation

Regulation for amending and supplementing the Regulation of the Financial Supervisory Authority no. 16/2014 on the revenues of the Financial Supervision Authority (the regulation will be sent, for publication, to the Official Gazette of Romania);

The Draft Regulation for amending and supplementing the ASF/National Bank of Romania (Ro. BNR) Regulation no. 14/7/2018 on the provision of investment services and activities on behalf of financial investment services companies and credit institutions (the project will be published on www.asfromania.ro, for public consultation, for 15 days).

B)  Supervision

The results of the periodical control performed at SSIF Estinvest SA.

C)  Authorization

Appointment of Mr. Roșca Radu Claudiu in the capacity of member of the Board of Directors of SIF Transilvania SA;

Appointment of Mrs. Iliescu Daniela - Elena in the capacity of member of the Board of Administration of SAI Patria Asset Management SA;

Appointment of Mrs. Runcan Luminița – Delia, Mrs. Nistor – Gabriela Cristina and Mr. Nistor Ioan – Alin in the capacity of members of the Board of Administration of the company BT Asset Management SAI SA;

Appointment of Mr. Leonard-Victor Lache as a person who manages the risk management structure within NN Pensions Management Company of a Privately Administered Pension Fund SA;

Amendment of the Articles of Incorporation of the company LMC Asig Insurance Broker SRL (approval of significant new associates);

Amendment of the Articles of Incorporation of the company Titan Insurance Borker SRL (change of associated structure and appointment of new administrators);

Amendment of the Articles of Incorporation of the company Safe Invest România Broker de Asigurare SRL (transfer of shares, new sole shareholder);

Amendment of the Articles of Incorporation of SIF Moldova SA;

Authorization to extend the scope of business of the financial investment services company Bursa Română de Mărfuri (Romanian Commodities Exchange) SA;

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

Changes in the documents of the Active Dynamic Unit Trust managed by SAI Swiss Capital Asset Management SA;

Extension by 2 years of the maximum audit period of 5 consecutive years of the financial statements of S.S.I.F. Voltinvest SA, related to the financial years 2020 and 2021, by the current financial auditor, JPA Audit & Consultancy SRL;

Amendment of the prospectus of the voluntary pension scheme for Raiffeisen Accumulation Optional Pensions Fund managed by SAI Raiffeisen Asset Management SA;

Amendment of the prospectus of the voluntary pension scheme for the Optional Pension Fund NN Asset managed by NN Life Insurance 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.