The Commission approved a Draft of Ordinance on the Terms of establishing pension reserves by pension insurance companies managing universal pension fund and/or fund for supplementary voluntary pension insurance.

The Commission approved a Draft of Ordinance on the Terms of establishing pension reserves by pension insurance companies managing universal pension fund and/or fund for supplementary voluntary pension insurance.

The Draft can be found at the Commission internet site and it will be agreed with the corresponding persons and organizations. 

“Balkan Investment Company” AD is approved as in investment intermediary

FSC issued a license to “Balkan Investment Company” AD, Sofia for operation as an investment intermediary in Bulgaria and for transactions under art.54, item 3 from Public Offering of Securities Act /POSA/ – management of individual portfolios of securities and/or moneys, with the exception of portfolios of investment funds and pension funds;

 

New investment consultant

FSC acknowledges the qualification issued by a foreign body to Krassimir Tahchiev for operation as an investment consultant.

New share issue of Doverie United Holding was registered

Financial Supervision Commission has decided to register with its register of public companies and other issuers the following issue of securities:
 Issuer: Doverie United Holding
Type of securities: ordinary, dematerialized, voting,  fully transferable shares
Size of the issue: 6 574 924 shares
Nominal value per share: BGN 1
It is issued as a result of the increase of the capital of Doverie United Holding, Sofia.

Two new licenses for insurance brokers

The Deputy Chairman of FSC, Head of Insurance Supervision Division,  has  issued a permission to “HRONOS” OOD, managed and represented by Tonya Petkova, to operate as an insurance broker within the territory of Republic of Bulgaria.
A permission to operate as an insurance broker was also issued to “TOTAL Ins” OOD.
The voluntary refusal of “INSURANCE BROKERAGE” EOOD, managed and represented by Ivailo Assenov, to operate as an insurance broker was approved by FSC.