FSC adopted amendments to Ordinance N 4 on the obligatory insurance. According to the amendments the insurance companies are forbidden to provide any goods, services or discounts which are not part of approved by the supervisory body general conditions, tariff and technical plan of the insurance.
FSC also adopted instructions for implementation of par. 129, art.1, item 3 and par. 201, art.1, item 1 from the Social Insurance Code.
The Commission approved the revised prospectus for initial public offering of shares of “Alfa Wood Bulgaria” , Dolni Chiflik. The issue has the following parameters:
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 3 930 530 shares
Nominal value: BGN 1 per shares
The Commission has approved instructions for implementation of Ordinance N2 on prospectuses for public offering of securities and information disclosure
FSC issued a temporary prohibition on publishing of the following tender offer :
– Company, object of the offer: Druzhba Stil AD, Varna
– Offeror: Kontex Druzhba OOD, Sofia
– Authorized investment intermediary: Bulbrokers
The Commission issued a license to operate as an investment intermediary to “Capital Finance” OOD, Sofia.
FSC adopted amendments to Ordinance N 12 on the method and system for assessment of the minimal return on the assets of supplementary obligatory pension insurance funds; for covering the difference up to the minimal return, and for forming and using the reserves in order to guarantee minimal return
FSC also adopted instructions under par. 13, art.1, item 1 from LPOS related to par. 170, art.1 from the Social Insurance Code.
The FSC issued a temporary prohibition on the following tender offer :
– Company, object of the offer: Sinergon Textile AD, Sofia
– Offeror: Sinergon Holding
– Authorized investment intermediary: Aval In
The Commission has approved a project for Instructions on the method for calculation and withdrawal of the investment fee in the supplementary social insurance funds.
The Deputy Chairman of the FSC, Head of Social Insurance Division Bisser Petkov set the minimum return rate on the asset management of the professional pension funds for preceding 24-months period – from 01.01.2002 to 31.12.2003. The minimum return rate is 6.55% on annual basis.
FSC approved the following tender offer :
– Company, object of the offer: Sofia Mel AD
– Offeror: Loulis Mel – Bulgaria EAD & Loulis International Enterprise(ulgaria) Limited
– Authorized investment intermediary: Elana Trading
– Offered price per share: BGN 6
