The Commission approved a recovery program of investment intermediary Zlaten Lev Brokeri OOD, Sofia.

The Commission revoked the broker’s license of  Lyubomir Peynovsky.

The Commission adopted an Ordinance on the methods and procedures for licensing actuaries of pension insurance companies and managed by them  supplementary pension insurance funds.

FSC registered with its register of public companies and other issuers the following issue of securities:
Issuer: Special Investment Purposes Company “TBI BAC – Property“ 
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 150 000 shares
Nominal value: BGN 1 each

The initial public offering of the described issue has been successfully completed. The issue will be traded on the stock exchange.

FSC has registered with its register of public companies and other issuers the following issues of securities :
Issuer: Industrial Holding Bulgaria, Sofia
Type of securities: convertible, dematerialized, interest-bearing, fully transferable bonds
Size of the issue: 5 250 808  mortgage bonds
Term to Maturity: 36 months
Annual interest rate: 6% on annual basis
Interest payments: every six months

The Deputy Chairman of FSC, head of Insurance Supervision Commission issued license to operate as an insurance broker to company Euroins OOD.

The Deputy Chairman of FSC, Head of Insurance Supervision Division  approved Maxim Sirakov as a member of the Board of Directors of  the insurance company “Energy”, Sofia.

The Deputy Chairman of FSC, Head of Investment Supervision Division gave a permission  the issue of mortgage bonds, ISIN: BG2100002026,  issued by Economic and Investment Bank  to be deleted from the public register of the Commission.

FSC registered with its register of public companies and other issuers the following issue of securities.  It is issued as a result of the increase of the company’s capital:
Issuer: “Promota Bulgaria” AD
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 2 800 000   shares
Nominal & issuing value: BGN 1

On April 20th,  2004 during an official visit of  FSC representatives in Bucharest, Roumania were sighed two  Memorandums of understanding and information exchange between the Romanian Securities Commission and Bulgarian FSC, and Romanian Insurance Commission and FSC.
It is an important step toward the establishment of close cooperation between the supervisory bodies in both countries and development of  efficient mechanisms of  information exchange and experience concerning the capital and insurance markets in Roumania and Bulgaria.