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Decisions adopted by the Council of the Financial Supervisory Authority - 23.09.2020

Bucharest, September 23rd, 2020 – Within today’s meeting, the Council of the Financial Supervisory Authority (Ro. ASF) has approved measures on the operation framework of the supervised nonbanking financial markets - insurances, capital market and private pensions, among which: 

A)  Regulation

Norm regarding the application of the ESMA Guide regarding the simulation of liquidity crisis situations in UCITS and AIF (the norm will be sent, for publication, to the Official Gazette of Romania);

The draft Regulation for the amendment of Para. (2) of Art. 21 of ASF/BNR Regulation no. 10/4/2018 on the protection of financial instruments and funds belonging to customers, product governance obligations and rules applicable to the granting or receipt of fees, commissions or other types of pecuniary or non-pecuniary benefits (the draft will be published on www.asfromania. ro, for public consultation, for 15 days);

The Draft Norm for the modification of the ASF Norm no. 2/2020 on the application of the Guide on STS criteria for non-ABCP security (EBA/GL/2018/09) and the Guide on STS criteria for ABCP security (EBA/GL/2018/08) - the draft will be published on www.asfromania.ro, for public consultation, for 10 days.

B)  Authorization

The appointment of Mr. Arnaud Charles Marie René Brière de la Hosseraye in the capacity of member of the Board of Directors of BRD Private Pension Fund Management Company SA;

The appointment of Mr. Virgil – Vasile Șoncutean in the capacity of member of the Board of Directors of Allianz-Țiriac Private Pensions Private Pension Fund Management Company SA;

Issuance of the Certificate of Registration of the decrease of the share capital of the company Mobam SA;

Withdrawal from trading on the multilateral trading system administered by the Bucharest Stock Exchange (Ro. BVB) and deletion from the ASF records of shares issued by SMR SA Balş as a result of bankruptcy;

Amendment to the Articles of Incorporation of Marsh Insurace – Reinsurance Broker SRL (appointment of members of the Board of Directors);

Amendment of the individual Act of Accession to the Optional NN Pension Fund Asset managed by NN Asigurări de Viață SA;

Amendment of the individual Act of accession to the NN Optim Optional Pension Fund administered by NN Asigurări de Viață SA;

Amendment of the individual Act of accession to the Optional Pension Fund My Pension administered by BT Pensii - Company for the Administration of Optional Pension Funds SA;

Amendment of the Statement regarding the investment policy for the Optional Pension Fund My Pension administered by BT Pensii - Company for the Administration of Optional Pension Funds SA;

Amendment of the Contract for the storage of the assets of the AZT Vivace Optional Pension Fund managed by Allianz-Țiriac Pensii Private Private Pension Fund Management Company SA;

Amendment of the Contract for the storage of the assets of the AZT Moderato Optional Pension Fund managed by Allianz-Țiriac Pensii Private Private Pension Fund Management Company SA;

Extension by 1 year of the maximum audit period of 5 consecutive years for the annual financial statements of BRD Private Pension Fund Management Company SA and of BRD Medio Optional Pension Fund for 2021 by the current financial auditor Ernst & Young Assurance Services SRL

 

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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.