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The Decisions adopted by the Council of the Financial Supervisory Authority - 15.07.2020

Bucharest, July 15, 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, out of which:   

A)  Regulation

The Instruction Project for the amendment of Annex no.1 to the Instruction of the Financial Supervisory Authority no.2/2016 on the elaboration and submission of the half-yearly accounting reporting by the authorized entities, regulated and supervised by the Financial Supervisory Authority – the Sector of Instruments and Financial Investments (the project will be published at www.asfromania.ro, for public consultation, over a period of 10 days);

The norm for the amendment and completion of the Norm of the Financial Supervisory Authority no.34/2016 on the half-yearly accounting reporting system in the field of private pensions (the norm shall be submitted, for publication, to the Official Gazette of Romania).

B)  Authorization

The appointment of Mrs Simona Prodan, as member of the Board of Administration of the company BRD Life Insurances SA;

The appointment of Mrs. Ilie Carmen Ramona in the capacity of executive manager of the company Zurich Broker of Insurance-Reinsurance SRL.;

Approval of the company NN Asigurări SA in view of registration to the National Office of the Trade Register;

The appointment of Mr. Dragoș-Gabriel Manolescu as member of the Directorate of the company OTP Asset Management Romania SAI S.A, following the renewal of the mandate;

The amendment of the operation authorization of the financial investment services company BT Capital Partners SA following the augmentation of the share capital from 15,425,604 RON to 19,478,220.65 RON;

Authorization of the extension of the scope of business of SSIF Swiss Capital SA;

The issue of the Registration Certificate of the augmentation of the share capital of the company Norofert SA București;

Approval of the universal registration Document of the company Bittnet Systems SA Bucharest;

Issue of the Registration Certificate of the stocks issued by the company Feper SA București following the conversion of the option shares in registered shares, as well as the withdrawal from the trade within the multilateral system administered by BVB and the deletion from the ASF records of the option shares issued by the company Feper SA Bucharest;

The amendment of the Prospect of the private pensions scheme for BCR Privately Administered Pensions Fund, administered by BCR Pensions, Management Company of Private Pensions Fund;  

The amendment of the prospectus of the facultative pensions scheme for BCR Plus Facultative Pensions Fund administered by BCR Pensions, Management Company of Private Pensions Fund;

The amendment of the individual accession Act to BCR Privately Administered Pensions Fund, administered by BCR Pensions, Management Company of Private Pensions Fund;

The amendment of the individual accession Act to BCR Plus Facultative Pensions Fund, administered by BCR Pensions, Management Company of Private Pensions Fund;

The amendment of the individual accession Act to BRD Privately Administered Pensions Fund, administered by BRD, Management Company of Private Pensions Fund;

C)  Miscellaneous

The Report related to Private Pensions in Romania at March 31, 2020;  

The analysis of the reports related to the damage files endorsed based on the MTP mandatory insurance in Quarter I of the year 2020. 

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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.