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Decisions adopted by the Council of the Financial Supervisory Authority - 05.08.2020

Bucharest, August 5th, 2020 – During the meeting held today, the Council of the Financial Supervisory Authority (Ro. ASF) has approved measures regarding the operational framework of the supervised non-banking financial markets - insurance, capital market and private pensions, among which:

A) Regulation

Regulation for amending and supplementing the Regulation of the Financial Supervisory Authority no. 11/2016 on the periodical and unannounced control activity carried out by the Financial Supervisory Authority (the regulation will be sent, for publication, to the Official Gazette of Romania);

The rule for the amendment of the Norm of the Financial Supervision Authority no. 24/2015 regarding the reporting and transparency obligations in the privately administered pension system (the norm will be sent, for publication, to the Official Gazette of Romania);

The rule for the amendment of the Norm of the Financial Supervision Authority no. 25/2015 regarding the reporting and transparency obligations in the privately administered pension system (the norm will be sent, for publication, to the Official Gazette of Romania);

B) Authorisation

The appointment of Mrs. Ilinka Kajgana in the capacity of member of the Supervisory Council of BCR Pensions Private Pension Fund management Company S.A.;

The appointment of Mr. Laurențiu Bibu in the capacity of chief executive of the company Verasig Insurance Broker SRL;

Extension of the scope of business of the financial investment services company Finaco Securities SA;

Issuance of Certificates of Registration of structured products issued by Erste Group Bank AG;

Issuance of Certificates of Registration of structured products issued by SSIF BRK Financial Group 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.