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Decisions adopted by the Council of the Financial Supervisory Authority - 29.07.2020

Bucharest, July 29, 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 application of the half-yearly accounting System applicable to all entities in the insurance field (the draft will be published at www.asfromania.ro, for public consultation, for a period of 10 days);

The draft Norm for the application of ESMA guideline regarding the reporting to the competent authorities according to Art.37 of Regulation (EU) no.1131/2017 related to the monetary market funds - Money-market funds - (the draft will be published at www.asfromania.ro, for public consultation, for a period of 10 days).

B)  Authorization

The amendment of the Articles of Incorporation of the company OVB Allfinanz Romania Insurance BrokerS.R.L. (appointment new administrator);

The amendment of the Articles of Incorporation of the company Meridian Broker of Insurance-Reinsurance S.R.L. (appointment of a censor);

Amendments of the Articles of Incorporation of the company Marsh Broker Insurance – Reinsurance S.R.L. (completion of the secondary scope of business);  

Amendment of the Articles of Incorporation of the company S.I.F. Oltenia S.A., following the diminution of the company’s share capital;

Amendments of the Articles of Incorporation of SIF Muntenia S.A., following the diminution of the company’s share capital;  

The amendments occurred in the documents of the funds FDI Raiffeisen Conservator Euro, FDI Raiffeisen Conservator RON, FDI Raiffeisen Moderat Euro and FDI Raiffeisen Moderat RON administered by S.A.I. Raiffeisen Asset Management S.A.;

The 2 years extension of the maximum audit period of 5 years in a row of SSIF SSIF Muntenia Global Invest S.A. by the current financial auditor, Ecoteh Expert SRL, for the financial statements related to the financial years 2020 and 2021 of the company;

The release of the Registration Certificate of the augmentation of the share capital of the company Foraj Sonde S.A. Videle;

The release of the Registration Certificate of the diminution of the share capital of the company Impact Developer & Contractor S.A. București;

The amendment of the storage Contract of the Pensions Fund Privately Administered AZT Your Future administered by Allianz-Țiriac Private Pensions Management Company of Privately Pensions Funds S.A.  

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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.