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Decisions adopted by the Board of the Financial Supervisory Authority - 19.08.2020

Bucharest, August 19th, 2020 – During the meeting held today, the Council of the Financial Supervisory Authority (Ro. ASF) has approved measures regarding the framework for the operation of supervised non-banking financial markets – insurance, capital market and private pensions, including:

A)  Regulation

The rule for the implementation of the Half-yearly Accounting Reporting System applicable to the entities in the insurance field (the norm will be sent, for publication, to the Official Gazette of Romania);

The rule regarding the reporting and transparency obligations in the occupational pension system (the norm will be sent, for publication, to the Official Gazette of Romania).

B)  Authorization

Amendments brought to the Articles of Incorporation of the company Campion Insurance and Reinsurance Broker SRL (completion of the secondary scope of business);

Extension of the audit period of the company German Romanian Assurance SA by the auditor 3B Expert Audit SRL;

Appointment of Mr. Dan Viorel Paul, Ioan Nicolae Goldberger and Cristian Gheorghe Iacob in the capacity of members of the Board of Directors of S.S.I.F. Finaco Securities SA;

Appointment of Mr. Adrian Simionescu, Constantin Toma and Constantin Marica in the capacity of members of the Board of Directors of S.S.I.F. Vienna Investment Trust SA;

Amendment and completion brought to the Code of the Central Depository SA;

Amendments brought to the Articles of Incorporation of S.I.F. Transilvania SA;

Issuance of the Certificate of Registration for the decrease of the share capital of the company SIF Muntenia SA;

Issuance of the Certificate of Registration for the decrease of the share capital of the company SIF Oltenia SA;

Issuance of the Certificate of Registration for the decrease of the share capital of the company IFMA SA;

Issuance of the decision confirming that Hahn + Kolb Romania SRL, engaged in transactions with over-the-counter derivative financial instruments with Wurth Finance International B.V., may benefit from the exemption to the reporting obligation provided for in Article 9 Para. (1) of the Regulation (EU) no. 648/2012 (EMIR).

 

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About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority set up in 2013 by EGO no. 93/2012, approved by Law no. 113/2013, for the regulation and supervision of insurance markets, private pensions, as well as the capital market. ASF contributes to strengthening the integrated operating framework of the three sectors, which totals more than 10 million participants. More information can be found on www.asfromania.ro.