The Deputy Chairman of FSC, head of Insurance Supervision Division issued license to operate as an insurance broker to the following company – “Medlink Broker” AD
Results of FSC’ inspection of pension insurance company “Alianz Bulgaria”
In July 2004 Social Insurance Supervision Division of FSC completed full documentary inspection of pension insurance company “Alianz Bulgaria”. The objective of the inspection was to check the activity of the company for the period after September 1, 2003. As a result of the inspection number of infringements of the Social Insurance Code was determined. Five punitive acts and total fines of BGN 5600 were imposed to the executive director of “Alianz Bulgaria” by the Head of Social Insurance Supervision Division.
Procedure of license revocation started
The Commission started procedure of revocation of the license of investment intermediary “Fix Plus”.
“HipoCredit” prospectus for secondary public offering of corporate bonds not approved
The Commission did not approve prospectus for secondary public offering of corporate bonds issued by “HipoCredit” AD, Sofia.
“Toplofikazia Sliven” AD is not a public company anymore
The Commission revoked its decision for registration of “Toplofikazia Sliven” AD as a public company.
Insurance Code approved on first reading
The Commission approved new Insurance Code on first reading. The Code shall be distributed for opinion among the interested organisations and persons. The document is published on our web site, Bulgarian version.
Investment intermediary “Fiko Invest” scope of activity has been limited
The Commission approved the request of the investment intermediary “Fiko Invest” to limit its scope of activity. According to the decision the investment intermediary can not execute transactions with securities for its own account, as well can not underwrite issues of securities and manage individual portfolios of securities and/or money.
Bonds issue of Municipality of Dobrich registered
The Commission approved prospectus for secondary public offering of bonds issued by municipality of Dobrich. The bonds issue has the following characteristics :
Issuer : Municipality of Dobrich
Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, collateral bonds
Size of the issue: 2 600 bonds
Nominal value: Euro 1000 per bond
Annual interest rate : 6.86%
Term to maturity : 60 months
Payments : 10 payments
Bond issue of “ProCredit Bank” AD registered
The Commission approved prospectus for secondary public offering of bonds issued by “ProCredit Bank” AD, Sofia. The bond issue has the following characteristics :
Issuer : “ProCredit Bank” AD, Sofia
Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, mortgage bonds
Size of the issue: 10 000 bonds
Nominal value: BGN 1000 per bond
Annual interest rate : 6.25 %
Payments : every 6 months