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Decisions adopted by the Council of the Financial Supervisory Authority – 23.06.2020

Bucharest, June 23, 2020 – Within today’s meeting, the Council of the Financial Supervisory Authority (ASF) has approved measures regarding the operation framework of the supervised nonbanking financial markets – insurances, capital market and private pensions, among which:   

A)   Regulation

The draft Norm for the amendment and completion of the Norm of the Financial Supervisory Authority no.34/2016 related to the half-yearly accounting reporting system in private pensions field (the draft shall be published at www.asfromania.ro, for public consultation, for a period of 15 days).   

B)  Authorization

The appointment of Mr. Philipp Gamauf and Mr. Hannes Roubik in capacity of members of the Board of Directors of the company Amundi Asset Management SAI SA;

The appointment of Mrs. Piers Benedict Walton in capacity of member of the Board of Directors of Allianz-Țiriac Private Pensions Management Company of Private Pensions Funds SA;

The extension with 2 years of the audit period of the financial statements of the company ABC Insurance Reinsurance SA, for the year 2020 and 2021, by the auditor BDO Audit SRL;

The 2 years extension of the maximum audit period of 5 years in a row of the financial statements of SAI Star Asset Management SA and the funds administered FII Star Value, FII Multicapital, FDI Star Next and FDI Star Focus, for the years 2020 and 2021, by the current financial auditor Expert Audit SRL;

The amendments of the Organizational and Operational Rule of the Bucharest Stock Exchange SA and BVB registration in the capacity of administrator of insignificant reference indices;

The approval of EU prospectus for increase in view of augmentation of the share capital of the company Avioane Craiova SA Dolj;

Release of the Registration Certificates of the structured products issued by SSIF BRK Financial Group SA;

The augmentation of the share capital of BRD Administration Company of the Private Pensions Fund SA by the amount of 26,600,000 RON, from the value of 35,970,000 RON to the value of 62,570,000 RON and authorization of the amendment of the company’s Articles of Incorporation;  

The amendment of the prospectus of facultative pensions scheme for the Facultative Pensions Fund BRD Medio administered by BRD Management Company of Private Pensions Funds 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.