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Decisions adopted by the Council of the Financial Supervisory Authority – 26.08.2020

Bucharest, 26th of August, 2020 – Within today’s meeting, the Council of the Financial Supervisory Authority (Ro. ASF) has approved measures on the operating framework of the non-banking financial supervised markets – insurances, capital market and private pensions, among which:  

A)   Regulation

Norm for the amendments of Para (11) of Art. 10 of the norm of the Financial Supervisory Authority no.  20/2017 on the car insurances in Romania (the norm will be submitted, for publication, in the Official Gazette of Romania).

The regulation for the amendment and completion of the ASF Regulation no. 9/2014 on the authorization and operation of the investment management companies, of the undertakings for collective investment in transferrable securities and the depositories for collective investment in transferrable securities, as well as for the abrogation of Para (11) and (12) of Art. 45 of ASF Regulation no.7/2020 related to the authorization and operation of the alternative investment funds (the regulation will be submitted, for publication, to the Official Gazette of Romania).  

B)   Supervision

The results of the periodic control performed at the Company Asito Kapital S.A. Following the carry out of the control undertakings, the company has been penalized with the amount of 50,000 RON, mainly for the unproper evaluation of some assets items registered in the balance Solvency II.

C)   Authorization

The appointment of Mrs. Szasz Erzsebet and Mr. Jakab Ștefan in the capacity of members of the Board of Directors of SSIF Goldring S.A., following the renewal of the mandates thereof;

The appointment of Mr. Pascu Nicolae, Mr. Mitiș Dumitru and Mr. Roșianu Adrian in the capacity of members of the Board of Directors of STK Financial S.A.I. S.A. following the extension of the mandates thereof;  

The appointment of Mr. Aurel Bernát in the capacity of member of the Board of Directors of BT Pensions – Management Company of Facultative Pensions Funds S.A.;   

The appointment of Mrs. Anca-Eugenia Crăciun in the capacity of member of the Board of Directors of BT Pensions - Management Company of Facultative Pensions Funds S.A.;  

The amendments occurred in the Articles of Incorporation of S.I.F. Oltenia S.A.;

Issuance of the Registration Certificate of the decrease of the share capital of S.I.F. Moldova S.A.;

Issuance of the Registration Certificate of the decrease of the share capital of Parc S.A. Caracal;

Issuance of the Registration Certificate of the augmentation of the share capital of Aurora S.A. Tg. Frumos;

Issue of the decision confirming that the company Metro Cash & Carry Romania S.R.L., engaged in transactions with over-the-counter derived financial instruments with the company Metro AG, falls into the exception from the obligation to report provided at Article 9 Para (1) of the (EU) Regulation no. 648/2012 (EMIR);

The release of the decision confirming that the companies British American Tobacco (Romania) Trading SRL, British American Tobacco Romania Investment S.R.L. and British American Shared Services (Europe) S.R.L., engaged in transactions with over-the-counter derived financial instruments with the company B.A.T. International Finance p.l.c., fall into the exception from the obligation to report provided at Article 9 Para (1) of the Regulation (EU) no.648/2012 (EMIR);  

The amendment of the storage Contract of the Privately Managed Pension Fund NN managed by NN Pensions Management Company of a Privately Managed Pension Fund S.A.;

The amendment of the custody Agreement of the Privately Managed Pension Fund AZT Viitorul Tău managed by Allianz -Țiriac Private Pensions Management Company of Private Pension Funds S.A.;

The amendment of the prospect of private pensions scheme for the BRD Privately Managed Pensions Fund administered by BRD Management Company of the Private Pension Fund S.A.

 

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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.