The data presented from the reports of insurers in non-life and life insurance at the end of January 2021 are summarized and published on the FSC website – www.fsc.bg, section “Insurance activity”, “Statistics”.

The data presented from the reports of insurers in non-life and life insurance at the end of February 2021 are summarized and published on the FSC website – www.fsc.bg, section “Insurance activity”, “Statistics”.

 The premium income realized through the insurance brokers in 2020 amounts to BGN 1,716,982 thousand. (BGN 1,686,860 thousand one year earlier), with an increase of 1%, of which:

– BGN 1,577,286 thousand. (with BGN 1,566,886 thousand reported twelve months earlier) for the benefit of insurers and reinsurers based in the Republic of Bulgaria.

– BGN 1,569,824 thousand. (with BGN 1,549,504 thousand reported for the previous year) for the benefit of insurers based in the Republic of Bulgaria.

– BGN 139,695 thousand (compared to BGN 119,973 thousand in 2019) for the benefit of insurers and reinsurers based in a Member State, operating in the Republic of Bulgaria under the terms of right of establishment /branches/ and the terms of the freedom to provide services, as well as insurance and reinsurance intermediation outside the territory of the Republic of Bulgaria and other insurance intermediation.

 Income from commissions of insurance brokers in favour for the benefit of insurers based in the Republic of Bulgaria as of 31.12.2020 amounts to BGN 286,066 thousand. (compared to BGN 280,270 thousand in the previous year) for the benefit of insurers based in the Republic of Bulgaria, there is an increase of 2% on an annual basis.

 Of all accrued commissions, 95% represent the revenues from subscribed insurance commissions in non-life insurance and 5% – respectively in life insurance.

 In the structure of the premium income from non-life insurance realized through insurance brokers as of 31.12.2020, the largest share is occupied by motor insurance – Motor Their Party Liability (50.76%) and Land vehicles other than railway rolling stock(28.78%), followed by Fire and natural disasters (5.60%) and Guarantees (5.21%).

 In life insurance, the premium income realized through insurance brokers as of 31.12.2020 was recorded mainly under Life and annuity insurance (48%), Sickness insurance (31%), Supplementary insurance (10%), followed by Unit-linked life insurance (4%).

 Updated individual data from the reports of insurance brokers operating during the reporting period and registered in the Republic of Bulgaria as of 31.12.2020 are summarized and published on the FSC website in the section “Insurance activity”, “Statistics”, “Insurance Brokers”,”2020”.

Updated individual data from the reports of insurance brokers operating during the reporting period and registered in the Republic of Bulgaria as of 30.06.2021 are summarized and published on the FSC website in the section “Insurance Activity”, “Statistics”, “Insurance Brokers”.

The Financial Supervision Commission shall notify the candidates admitted to the examination of the following:

The examination for acquiring the right to exercise activity as a broker of financial instruments will be held on 25 September 2021 (Saturday) at 9:00 h at the Globus Congress Centre, Europe Hall, address: Sofia, 1 Macedonia Sq., the building of CITUB.

The examination for acquiring the right to exercise activity as an investment adviser will be held on 26 September 2021 (Sunday) at 9:00 h at the Globus Congress Centre, Europe Hall, address: Sofia, 1 Macedonia Sq., the building of CITUB.

The examinations will be held in strict compliance with the temporary anti-epidemic measures introduced by Order No. РД-01-748 of 02.09.2021 of the Minister of Health on the territory of the Republic of Bulgaria – use of not more than 30% of the capacity of the room in which the examinations are held and no more than 30 participants, observance of a physical distance of at least 1.5 m and wearing protective face masks by all participants.

The registration of the candidates will start at 8:00. Candidates not registered until 8:50 am will not be admitted to the exam.

When taking the exam, candidates must bring:

 document for paid fee (original or bank certified copy). The name of the candidate who will take the exam should be explicitly stated in the document for paid fee;

 ID;

 HB or 2B pencils;

 pencil eraser;

 protective face mask.

The examinations will be held in one session on the day announced for the exam, as follows:

 the examination for brokers of financial instruments lasts 4 hours and

 the examinations for an investment adviser lasts 5 hours.

The following calculators can be used for exams:

 Texas Instruments BA II Plus;

 BA II Plus Professional;

 HP 12C;

 HP 12C Platinum;

 HP 12C 25th anniversary edition, as well as

 HP 12C 30th anniversary edition.

It is not allowed to use a calculator with programming functions, as well as the use of ordinary calculators or other electronic computing devices.

For additional questions, you can contact the FSC Information Centre at the toll-free line 0800 40 444 (Monday to Friday from 9:00 to 17:30)

At today’s meeting, 07.12.2021, t the proposal of the Guarantee Fund Council, the FSC made a decision to determine the contribution of insurers offering in the Republic of Bulgaria compulsory motor third party liability insurance to the Uninsured Vehicle Fund in the Guarantee Fund remains at BGN 50 for each insured motor vehicle. At the same time, the FSC determined the amount of the contribution of the insurers who offer in the Republic of Bulgaria compulsory Accident insurance for the passengers in public transport under Art. 461, item 2 of the IC at BGN 15 for each seat, excluding the driver’s seat in the vehicles.

The Guarantee Fund manages two funds – the Uninsured Vehicle Fund and the Security Fund. The Uninsured Vehicle Fund pays compensation in case of damage from an unidentified motor vehicle or, if the driver is without Motor Third Party Liability Insurance, and the Insurance Fund pays claims to persons with an insolvent insurer.

Until now, the contribution to the Uninsured Vehicle Fund was BGN 10.50 for each insured motor vehicle under Motor Third Party Liability and BGN 0.15 for each seat in a public transport vehicle for Public Accident Insurance for Passengers in Public Transport. The contribution to the Security Fund was BGN 2.50 for each vehicle insured for Motor Third Party Liability.

At the proposal of the Guarantee Fund Council, the contribution of insurers offering in the Republic of Bulgaria compulsory motor third party liability insurance to the Fund for Uninsured Motor Vehicles in the Guarantee Fund remains at BGN 10.50 for each insured motor vehicle. The amount of the contribution of the insurers who offer in the Republic of Bulgaria compulsory Accident insurance for the passengers in public transport under Art. 461, item 2 of the IC also does not change and remains BGN 0.15 for each seat, excluding the driver’s seat in the vehicles.

The contribution to the Security Fund also remains BGN 2.50 for each insured vehicle under the Motor Third Party Liability.

The total contribution to the GF of each insured motor vehicle under the Motor Third Party Liability remains BGN 13.00, which is distributed in the two funds in question.

The forthcoming issuance of the FSC decision was announced on 02.11.2021 by publishing the draft decision on the FSC website, and separate messages were sent to the representative associations of insurers, insurers who are not members of representative organizations, the Guarantee Fund and the National Bureau of Bulgarian Motor Insurers. All parties concerned were given a period of one month, which expired on 02.12.2021, to submit written proposals and objections to the draft decision. No proposals and objections were received by the FSC within this period and no other evidence was provided.

The decision made today is enforceable from the moment of its announcement.

The Financial Supervision Commission draws the issuers’ attention to the fact that the deadline for announcing a public notification on a consolidated basis of financial position for the third quarter of 2021 before the FSC and the media expires on 29.11.2021.

According to Art. 100 o1, para. 2 of the Public Offering of Securities Act (POSA), the issuer is obliged to submit to the FSC a public notification / report on a consolidated basis on its financial position for the third quarter of 2021 within 60 days from the end of the respective quarter. The public notification / report on the financial position of the company shall be submitted to the FSC by the procedure of Art. 100t, para. 4 of the POSA, namely through the unified system for providing information electronically – e-Register. The public notification / report on the financial position of the company shall be disclosed to the public in the manner provided in Art. 100t, para. 3 of the POSA, through an information agency or other media selected by the company within the statutory term for the third quarter of 2021, namely until 29.11.2021 inclusive.

The Financial Supervision Commission draws the issuers’ attention to the fact that the deadline for announcing a public notification on a consolidated basis of financial position for the fourth quarter of 2021 before the FSC and the media expires on 01.03.2022. According to Art. 100 o1, para. 2 of the Public Offering of Securities Act (POSA), the issuer is obliged to submit to the FSC a public notification / report on a consolidated basis on its financial position for the fourth quarter of 2021 within 60 days from the end of the respective quarter. The public notification / report on the financial position of the company shall be submitted to the FSC by the procedure of Art. 100t, para. 4 of the POSA, namely through the unified system for providing information electronically – e-Register. The public notification / report on the financial position of the company for the fourth quarter of 2021 shall be disclosed to the public within the statutory period, namely until 01.03.2022 inclusive, in the manner provided in Art. 100t, para. 3 of the POSA – through an information agency or other media selected by the company.

The Financial Supervision Commission draws the issuers’ attention to the fact that the deadline for announcing a public notification of financial position for the third quarter of 2021 before the FSC and the media expires on 01.11.2021.

According to Art. 100 o1, para. 1 of the Public Offering of Securities Act (POSA), the issuer is obliged to submit to the FSC a public notification / report on its financial position for the third quarter of 2021 within 30 days from the end of the respective quarter. The public notification / report on the financial position of the company shall be submitted to the FSC by the procedure of Art. 100t, para. 4 of the POSA, namely through the unified system for providing information electronically – e-Register. The public notification / report on the financial position of the company shall be disclosed to the public in the manner provided in Art. 100t, para. 3 of the POSA, namely through an information agency or other media selected by the company within the statutory term, namely until 01.11.2021 inclusive.

 At its meeting held on 15.06.2021, the Financial Supervision Commission decided under Protocol No. 42 of 15.06.2021 to conduct examinations for acquiring the right to exercise activity as a broker of financial instruments and as an investment adviser and set dates for these examinations on 25.09.2021 (Saturday) and 26.09.2021 (Sunday), respectively, approved the Procedure for conducting examinations for acquiring the right to exercise activity as a broker of financial instruments or as an investment adviser, Thematic syllabus for the examination for acquiring the right to exercise activity as a broker of financial instruments and Thematic syllabus for the examination for acquiring the right to exercise activity as an investment adviser. The syllabi and the procedure for conducting examinations for acquiring the right to exercise activity as a broker of financial instruments or as an investment adviser are published on the official website of the Financial Supervision Commission, in the section “Supervised persons”, “Legal capacity examinations”, “Examinations for broker of financial instruments and investment adviser”.

We draw the attention of the candidates that at a meeting of the FSC on 27.05.2021 a new Ordinance No. 7 on the procedure for acquisition, recognition and revocation of legal capacity of brokers of financial instruments and investment advisers was adopted, which repeals the current Ordinance No. 7.

Templates of applications for admission to the examination and of the required declarations have been prepared as appendices to the new Ordinance No. 7. The persons who wish to acquire the right to exercise activity as a broker of financial instruments and / or as an investment adviser, according to Art. 10, para. 1 of Ordinance No. 7 shall submit applications for admission to an examination according to a template with the content under Art. 10, para. 2 of Ordinance No. 7 in the office of the Financial Supervision Commission (FSC) or online at delovodstvo@fsc.bg. The documents according to Art. 10, para. 3 of Ordinance № 7, which are explicitly indicated in the template need to be attached to the application.

Templates of applications for admission to examinations and the required declarations are available on the FSC website.

The documents for the examinations, which will be held on 25 September 2021 (Saturday) and 26 September 2021 (Sunday), are submitted in the period from 21 June 2021 (Monday) to 16 August 2021 (Monday) inclusive.

The application must indicate the e-mail address to which messages on the open procedure for admission to the examination will be sent.

Applications for admission to the examination for acquiring the right to exercise activity as a broker of financial instruments or as an investment adviser, submitted after the announced deadline for submission of applications for admission to the upcoming examinations will not be considered.