Bucharest, 1 March 2023 - At today's meeting, the Council of the Financial Supervisory Authority (FSA) adopted measures on the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, as follows:
A) Regulation
Draft amendment to the A.S.F. Regulation No 10/2022 on the Investor Compensation Fund (the draft will be published on www.asfromania.ro for public consultation for 10 days);
Draft Instruction for amending and supplementing A.S.F. Instruction no. 1/2016 on the preparation and submission of the annual financial statement and annual reporting by entities authorised, regulated and supervised by the Financial Supervision Authority - Financial Instruments and Investments Sector, as well as by the Investor Compensation Fund (the draft will be published on www.asfromania.ro , for public consultation, for 10 days);
Rule for the application of the provisions of the Guideline on the framework for the conduct of business under Directive (EU) 2019/2034 (EBA/GL/2021/14) - the rule will be sent to the Official Gazette for publication;
Rule for the application of the provisions of the Guideline on sound remuneration policies under Directive (EU) 2019/2034 (EBA/GL/2021/13) - the rule will be sent for publication to the Official Gazette of Romania.
B) Authorisation
Approval of Mr François Benoît Jean-Baptiste Pierre Coste as General Manager of Groupama Asigurări S.A., following the company's alignment with the provisions of Article II of A.S.F. Regulation no. 20/2021 amending and supplementing A.S.F. Regulation no. 1/2019;
Approval of Mrs. Alina Constantinescu as member of the Board of Directors of ABC Asigurări Reasigurări S.A.;
Approval of Mr Nicolae Gherguș as member of the Board of Directors of ABC Asigurări Reasigurări S.A.;
Approval of Mr Mihai-Andrei Ionescu as member of the Board of Directors of ABC Asigurări Reasigurări S.A.;
Approval of Mr Radu-Viorel Popescu as member of the Board of Directors of ABC Asigurări Reasigurări S.A.;
Approval of Mrs Ramona-Alina Bernic as member of the Board of Directors of Uniqa Asigurări S.A.;
Approval of the capital increase of Euroins România Asigurare Reasigurare S.A. by RON 44.7 million from a subordinated loan. Please note that the last document required for approval was received by the A.S.F. at the end of January this year;
Approval of the publication of the reference tariff for MTPL insurance;
Approval of the application of SSIF Bursa Română de Mărfuri S.A. (Romanian Commodities Exchange) for the establishment and administration of the Multilateral Trading Facility - BRM SMT and the rules of operation of this facility;
Approval of the request for authorization to amend the Investment Policy Statement of the Metropolitan Life Private Pension Fund, managed by Metropolitan Life Societate de Administrare a un Fond de Pensii Administrat Privat S.A.
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About the Financial Supervisory Authority
The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance, private pension and capital markets. The FSA contributes to strengthening the integrated framework for the functioning of the three sectors, which together account for more than 10 million participants. More information can be found at www.asfromania.ro.