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    Decisions adopted by the Board of the Financial Supervisory Authority

Decisions adopted by the Board of the Financial Supervisory Authority

Bucharest, 19 January 2024 - At today's meeting, the Financial Supervisory Authority (ASF) Council adopted measures on the functioning of the supervised non-bank financial markets - insurance, capital market and private pensions, as follows:

A) Authorisation
  • Approval of Mr. Savu Adrian as Executive Director of One Insurance Broker de Asigurare - Reassurance SRL, for a new mandate;
  • Approval of BAAR's request to endorse Amendment No. 1 to BAAR's "Policies and Procedures for the Management of MTPL Insurance Applicable to the High-Risk Insured". The ASF approved the new formula for calculating the recommended premium for high-risk policyholders, natural and legal persons, owning transport vehicles with a maximum authorized mass of more than 16 tonnes. With the use of this new formula by BAAR, the maximum amount of the recommended premium will not exceed 9,000 lei in class B0. The new calculation formula will be applied within two working days after the ASF has given its approval, during the period in which the provisions of HG no. 1326/2023, as amended and supplemented, are in force;
  • Approval of the request for authorization to amend the Individual Membership Act of the Stabil Facultative Pension Fund, managed by Generali Societate de Administrare a Fondurilor de Pensii Private S.A.;
  • Approval of the request for approval of the amendment of the Private Pension Scheme Prospectus for the NN Private Administered Pension Fund, administered by NN Pensii Societate de Administrare a Unui Fond de Pensii Administrat Privat S.A.