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The Decisions adopted by the Council of the Financial Supervisory Authority - 22.07.2020

Bucharest, July 22, 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 regulation for the amendment and completion of the Regulation of Financial Supervisory Authority no.11/2016 regarding the periodic and unannounced control activity carried out by the Financial Supervisory Authority (the regulation will be published at www.asfromania.ro, for public consultation, for a period of 10 days);

The draft regulation with regards the formation, training and professional improvement on the capital market (the draft will be published at www.asfromania.ro, for public consultation, for a period of 15 days);

The norm for the amendment and completion of the Financial Supervisory Authority Norm no.7/2017 related to the elaboration and submission of the individual annual financial statements of the entities in the private pensions system (the norm will be submitted, for publication, to the Official Gazette of Romania).  

B)  Authorization

The appointment of Mr. Paul Mitroi in the capacity of member of the Board of Administration of the company Garanta Asigurări S.A.;

The appointment of Mr. Marian-Ionel Bacheș for a new mandate in the capacity of Deputy Director General of the company Garanta Asigurări S.A.;

The appointment of Mr. Nicolae Trofin in the capacity of member of the Directorate of the company Signal Iduna Insurance Reinsurance S.A.;

The appointment of Mrs. Anca-Maria Boicescu as person leading the structure of administration of risks within BRD Joint Stock Administration Company for Private Pensions Funds;

The amendment of the Articles of Incorporation following the augmentation of the share capital at the company Gothaer Insurance Reinsurance S.A., by the amount of 2,921,250 RON, from the amount of 59,789,070 RON to the amount of 62,710,320 RON;

The amendments of the Articles of incorporation of the company Piraeus Insurance Reinsurance Broker România S.A. referring to the change of the name of the company and of the registered offices;

The amendment of BVB Code – multilateral trade System, at the request of Bucharest Stock Exchange S.A.;

The amendment of the Articles of Incorporation of S.C. Fondul Proprietatea S.A.;

The endorsement of the administration contract concluded between S.A.I. Muntenia  Invest S.A. and S.I.F. Muntenia S.A. based on OGMS decisions S.I.F. Muntenia S.A. no. 9, nr. 10 and no. 11 from 23.04.2020;

The adjournment, upon demand, of the authorization of operation of the financial investment company Optimus Fintech S.A.;

The amendments occurred in the documents of the open investment Funds Raiffeisen Global Equity, Raiffeisen Global Bonds and Raiffeisen Euro Bonds administered by S.A.I. Raiffeisen Asset Management S.A.;

The amendments occurred in the documents of the open investment Raiffeisen Ron Plus, Raiffeisen Euro Plus, Raiffeisen Dolar Plus and Raiffeisen Ron Flexi administered by S.A.I. Raiffeisen Asset Management S.A.;

Approval of the simplified prospect related to the augmentation of the share capital of the company Retrasib S.A. Sibiu;

The release of the Registration Certificate of augmentation of the share capital of the company Bittnet Systems S.A. București;

The release of the Registration Certificate of augmentation of the share capital of the company Bistrița Năsăud;

of the Registration Certificate of augmentation of the share capital of the company Serico S.A. București;

The release of the Registration Certificate of the bonds issued by the company Libra Internet Bank S.A. in view of admission to trade on the Multilateral Trade System administered by BSE;  

The amendment of the individual Act of accession to BRD Medio Facultative Pensions Fund administered by the BRD Joint Stock Private Administration Company for Private Pensions Funds.   

C)  Miscellaneous

Report on the evolution of the insurance market in Romania in Quarter I, 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.