The Deputy Chairman of FSC, Head of Insurance Supervision Division issued licenses to operate as an insurance broker to the following companies “Mat broker” EOOD and “Marel Brokers” OOD

The Deputy Chairman of FSC, Head of Insurance Supervision Division  approved

Mrs. Daniela Konova as a chairman of the Board of directors of insurance company “Orel”AD.

The Commission approved prospectus for secondary public offering of bonds issued by “United Bulgarian Bank” AD, Sofia. The bonds issue has the following characteristics :

Issuer : “United Bulgarian Bank” AD, Sofia
Type of securities: ordinary, dematerialized, fully transferable, interest – bearing,  mortgage bonds
Size of the issue: 40 000 bonds
Nominal value:  BGN 1000  per bond
Annual interest rate : 6.625 %
Term to maturity : 60 months
Payments : every 6 months

The Commission has issued a license for operation to  special investment purpose company “BenchMark Fund Imoti”. The company will invest in property. FSC approved the company’s  prospectus for public offering of 150 000 ordinary, dematerialized, fully transferable shares with nominal value of BGN 1 each.

The Commission has issued to “UBB Balanced Fund” AD a license to operate as an investment company. The investment policy of the company is based on  the principle of risk distribution.

The FSC approved the publishing of the following tender offer :
– Company, object of the offer: Han Asparuh AD,Ihtiman
– Authorized investment intermediary: Dilingova Finansova CompanyAD

Following te request of Privatization Agency the Commission revoked its decision for registration of “Gips AD, Koshava, as a public company.

The Commission approved the request of  the investment intermediary “Euro Garant”  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.

The Commission issued a license for operation to the supplementary health insurance to company “Sveti Nikolai Chudotvoretz”AD.

With a decision of the Deputy Chairman of FSC, Head of Insurance Supervision Division, new members of the Guarantee Fund have been approved.  Mr. Borislav Mihailov is appointed a Chairman of the management board of the fund. Members of the board are  Mr. Dancho Jikov, Mrs. Diana Maneva, Mr.  Nikolay Sotirov and Mr. Todor Genchev.