The Commission approved the request of Special Investment Purposes Company “TBI – BAK – Property” for a change of its serving company. The new company is “TMF Services”.
The Commission approved the request of Special Investment Purposes Company “TBI – BAK – Property” for a change of its serving company. The new company is “TMF Services”.
The total sum of the net assets, accumulated by the all three types of pension funds – occupational, universal and voluntary – amounts to BGN 510 544 000, which is 53.55% more compared to the results of the previous year 2002. As of the end of the year 2003 the number of the social insured persons has increased with 27.18% compared to the year 2002 and reached 2 294 966 persons.
FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: Bulgarski Bergman EAD, Gurchinovo
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 53 940 shares
Nominal value: BGN 1
The Commission approved the request for a change in the subject of activity submitted by investment intermediary “Accept Invest” AD. According the approved change the investment intermediary shall carry out its activity including transactions in securities, portfolio management and custodian services, only on the account of a third party.
The Commission approved an Ordinance on keeping and maintaining the FSC’s registers
The Deputy Chairman of FSC, Head of Social Insurance Supervision Division Bisser Petkov determined the minimum return rate of 7.46% on annual basis for the management of the assets of universal pension funds for the preceding 24-months period (01/04/2002 – 31/03/2004). The minimum return rate for the management of the assets of occupational pension funds for the same period is 6.88% on annual basis.
FSC has registered with its register of public companies and other issuers the following issues of securities :
Issuer: Industrial Holding Bulgaria, Sofia
Type of securities: convertible, dematerialized, interest-bearing, fully transferable bonds
Size of the issue: 5 250 808 mortgage bonds
Term to Maturity: 36 months
Annual interest rate: 6% on annual basis
Interest payments: every six months
FSC registered with its register of public companies and other issuers the following issue of securities:
Issuer: Special Investment Purposes Company “TBI BAC – Property“
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 150 000 shares
Nominal value: BGN 1 each
The initial public offering of the described issue has been successfully completed. The issue will be traded on the stock exchange.
The Commission adopted an Ordinance on the methods and procedures for licensing actuaries of pension insurance companies and managed by them supplementary pension insurance funds.
The Commission revoked the broker’s license of Lyubomir Peynovsky.