Prospectus for initial public offering of shares issued by investment company “KD Pelican” has been approved

FSC approved a prospectus for initial public offering of shares issued by investment company  “KD Pelican” AD. The share issue has the following characteristics:
Issuer: “KD Pelican” AD
Type of securities: dematerialized, unprivileged shares entitling its owner to one vote, right to dividend, right to liquidation share and right to reverse takeover issued by the open-ended investment company “KD Pelican” AD

New Instructions for interpretation and implementation of art. 178, para 3 and art.249 and the subsequent ones from chapter 25 as per art.178, para 2 from the Social Insurance Code

The Commission has approved instructions for interpretation and implementation of art. 178, para 3 and art.249 and the subsequent ones from chapter 25 as per art.178, para 2 from the Social Insurance Code – pension insurance companies and the supplementary pension insurance funds managed by them shall not acquire together more than 10% of the shares of a issuer or participate together

 

Amendments to Ordinance N 6 adopted

The Commission adopted amendments to Ordinance N 6 from Oct 22, 2003 for the capital adequacy and the liquidity of the investment intermediaries.


 

Approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3

FSC approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3 from Sep 24, 2003.
The instructions provide guidance in the following cases :

-when in the applications for transfer from one pension fund to another fund there are  deficiencies, corrections, erasing, additions, as well as missing information;
– what documents are required in case of  changes of the name or the personal identification number of the person applying for transfer from one pension fund to another one.