At its meeting held on 23 March, 2011, FSC took the following decisions:

1. Entered an issue of shares, issued by Mekom AD, town of Silistra, issued as a result of increase in the capital of the company. The issue is at the amount of BGN 284 775, divided in  284 775 obligatorily convertible preference shares without right to vote, with 18% guaranteed dividend, having a par value of BGN 1 each.

2. Approved a prospectus for public offering of shares of Intercapital Property Development REIT, city of Sofia, at the amount of BGN 9 017 214, divided into 9 017 214 common shares with a par value of BGN 1 each and issue value of BGN 2.30 each. Entered the issue of shares (in process of issuing) in the FSC Register.

3. Halifax Consultancy EOOD, city of Burgas, notified FSC of its intention to carry out activity as an insurance broker. The company intends to pursue business under the freedom to provide services on the territory of Ireland and the United Kingdom. FSC will inform the relevant competent authorities of the host Member States about the intention of the insurance broker to pursue business on their territory.

At a meeting held on 16 March, 2011, FSC took a decision that Eurobank EFG Fund Management Company (LUX) S.A., Luxembourg, through its representative for Bulgaria, Eurobank EFG Bulgaria AD, can begin offering in the Republic of Bulgaria the units of the managed by it Sub Funds of LF Mutual Fund: (LF) Fund Special Purpose Equity Formula Bonus (RON) and (LF) Fund Special Purpose – EUR/PLN FX Formula.

At its meeting on 5 January 2011, FSC took the following decisions:

1. Approved a prospectus for initial public offering of an issue of securities, which will be issued by Holding Asenova Krepost AD, town of Asenovgrad, as a result of increase in the company’s capital. The issue is at the amount of BGN 4 644 201, divided in 4 644 201 common shares with a par value of BGN 1 each and issue value of BGN 2.70. Entered the above issue of shares / in process of issuing/ in the Register kept by FSC.

2. Reduced the scope of the license of investment intermediary T B I Invest EAD, city of Sofia from big to medium license, on request of the company itself.

3. Entered an issue of shares issued by Balkancar Zarya AD, town of Pavlikeni, with the purpose of trading on a regulated market. The issue is to the amount of 1 081 900 common shares with a par value of BGN 1 each. The issue is as a result of increase in the company’s capital from BGN 1 322 056 to BGN 2 403 956.

At its meeting on 9 March, 2011, FSC took the following decision:

1.  Sivov – Group EOOD, town of Burgas notified FSC of its intention to carry out activity as insurance broker under the freedom to provide services on the territory of Romania, Greece, Poland, Hungary, Austria, Germany, Italy, France and the United Kingdom. FSC will inform the relevant competent authorities of the host Member States about the intention of the insurance broker to pursue business on their territories.

At its meeting on 1 March, 2011, FSC took the following decisions:

1. Approved the prospectus for admission to trading on a regulated market of an issue of secured corporate bonds, issued by T B I Credit EAD, city of Sofia. The issue is at the amount of Euro 6 000 000, divided into 6 000 common bonds with fixed interest at the rate of 9%, with a par and issue value of Euro 1000 each, with interest payments in every 6-month period, the term of the bonds issue is 5 years, considered from 17.12.2010 and with maturity date – 17.12.2015.

In the fourth quarter of 2010, in total  54 440 applications were filed in the pension insurance companies for switching of participation and transfer of funds from one pension insurance fund to another.
Overall 46 714 insured persons from those that filed applications in the fourth quarter of 2010 changed their participation in the supplementary pension insurance funds. The total amount of the transferred funds in another pension fund of the corresponding type was BGN 47 412 thousand.
During the whole 2010, totally 182 899 insured persons availed themselves of their right to switch their participation in the supplementary pension insurance funds and transferred resources from one to another respective fund, to the amount of BGN 182 842 thousand. In comparison to 2009, the persons who changed their participation increased by 59,28 percent, and the amount of the transferred funds – by 106,83 percent.
You can find the results of participation switching and transfer of funds to another pension fund for the fourth quarter of 2010 and for the whole of 2010 in Section Statistics, Statistics and Analysis of the Social Security Market.

At its meeting on 24 February 2011, FSC took the following decisions:

1. Granted a license to Alaric Securities Ltd., city of Sofia (in process of incorporation) to pursue the business of an investment intermediary within the European Union and the European Economic Area. Alaric Securities Ltd., II, is with capital amounting to               BGN 100 000, divided in 100 shares with a nominal value of BGN 1000 each and the company satisfies the legal requirement of Art. 8, para 2 of the Markets in Financial Instruments Act about the minimum amount of the registered capital of an investment intermediary, which does not hold clients’ cash and financial instruments.
Founders of Alaric Securities Ltd., II, are the natural persons Andon Panayotov with 20 % and Magdalina Alexandrova with 80 % of the company’s capital. Managers of the company are Andon Panayotov and Radoslav Ivanov.

2. Approved a prospectus for public offering of an issue of shares, which will be issued by Evrohold Bulgaria AD, city of Sofia, as a result of increase in the capital of the company. The issue is to the amount of 62 497 636 common voting shares, with a right to dividend or liquidation quota, proportionate to the share’s par value, with a par and issue value of BGN 1 each. Entered the above issue of shares in the Register kept by FSC.

3. Approved corrected tender offer by Blyasak EOOD, city of Sofia, for the purchase through investment intermediary Central Cooperative Bank AD, city of Sofia, of shares of Velgraf Asset Management AD, city of Sofia, from the other shareholders of the company. The offered price per share is BGN 2,30.

4. I P S Services OOD, city of Varna, notified FSC of its intention to carry out activity as an insurance broker under freedom to provide services on the territory of Germany and Cyprus.

5. Adopted an Ordinance on amendment and supplement of Ordinance № 35 on the capital adequacy and liquidity of investment intermediaries. The Ordinance transposes provisions of Directive 2010/76/ЕС.
The main amendments are related to the introduction of requirements for the remunerations of top management staff, of officials whose work is connected with risk assumption and of officials, carrying out control functions. The Ordinance will be promulgated in State Gazette.

At its meeting on 9 February 20 11, FSC took the following decisions:

1. Approved a prospectus for admission to trading on a regulated market in the European Union an issue of shares issued by Monbat AD, city of Sofia. The issue is to the amount of BGN 39 000 000, divided in 39 000 000 common shares, with a par value of BGN 1 each.

2. Approved a prospectus for initial public offering of shares, which will be issued as a result of the increase in the capital of Puldin Lion Group REIT, city of Sofia. The issue is to the amount of 650 000 common voting shares, with a right to dividend and liquidation quota, proportionate to the share’s par value, with a par value of BGN 1 each and issue value of BGN  3.60. Entered the above issue of shares in the Register maintained by FSC.