In connection with publications in the media regarding unlawful deals with property of public company “Sofia Film”, the Deputy Chairman of FSC, Head of Investment Supervision Division, took a decision for initiation of revision of “Sofia Film”. The revision has to establish whether the requirements of the Law on Public Offering of Securities are abided.
In case violations of the law are established further actions will be undertaken.
The Commission approved a draft Ordinance on the obligatory insurance. The draft will be discussed with the interested parties and published in the Bulgarian version of our web site.
The Deputy Chairman of FSC, Head of Insurance Supervision Division issued license to operate as an insurance broker to the following company “Avitzena – Bionet” EOOD.
The Commission revoked the license of investment intermediary Tresor AD. The main reasons are that the company does not comply with the legal requirements for capital adequacy and liquidity.
The Commission approved a draft Ordinance for amendments of Ordinance N 6 for the capital adequacy and the liquidity of the investment intermediaries.
The amendments are further step in the process of harmonization of the Bulgarian legislation with the European one, and are related to the requirements for formation of the own capital of the investment intermediaries.
The Commission approved a draft Ordinance for custodian and consultative councils of the funds for supplementary pension insurance.
Subject of the ordinance are the methods and terms for establishment of the councils, membership, functions and other details pertinent to the functioning of the councils.
Raiffaizenbank AD – Bulgaria has been included in the list of the banks -custodians of the funds for supplementary pension insurance in compliance with the proposal of Bulgarian National Bank.
The Deputy Chairman of FSC, Head of Insurance Supervision Division approved Todor Gengev as an executive member of the insurance company “ZPD Vitosha” AD.
The Deputy Chairman of FSC, Head of Insurance Supervision Division, has issued to the insurance company “Allianz Bulgaria Life” a supplementary permission for new type of life insurance. The specifics of the insurance is that the insured person can choose an investment fund where his money shall be invested.
