We would like to inform you that insolvency proceedings have been opened for Matador Prime Ltd. by a decision of March 19, 2019 of the Sofia City Court in a commercial case No. 103 of 2019, entered in the Commercial Register on March 19, 2019. With the same decision, Alexander Kostadinov was appointed as a temporary assignee of "Matador Prime" Ltd.
Pursuant to Bulgarian Law on Commerce, the creditors of "Matador Prime" Ltd. shall file their claims in writing before the insolvency court not later than three months after the entry in the Commercial register of the decision for opening of the insolvency proceedings – not later than 19th of June 2019.
The assignee of Matador Prime Ltd. draws up a list of accepted filled claims in the order of their receipt with a note of the creditor, the amount and the ground of the claim, the privileges and the collateral, the date of the filing. The assignee also draws up a list of the claims officially accepted by him and a list of rejected claims. Clients’ claims of the investment intermediary shall be deemed to have been filed and shall be entered officially by the assignee in the list of accepted claims, in accordance with Article 77b, par. 6 of LPOS /Law on the Public Offering of Securities/.
The assignee submits for announcement in the Commercial Register the abovementioned lists and the financial statements immediately after their drawing up and leaves them at the disposal of the creditors and the debtor in the office of the court.
The debtor or creditor may make a written objection to the court, with a copy to the assignee, against accepted or rejected by the assignee claim, within 7 days of their announcement in the Commercial Register. If the deadline is exceeded, it is impossible to subsequently challenge the lists of the creditor concerned except in the cases of Article 694 of the Law on Commerce.
Where there are no objections to the lists, the court shall approve the list of accepted and officially еntered claims in a closed session. In the event of objections to the lists, the court shall rule on them after consideration of the objections.
The court examines the objections raised in open court by given notice to attend to the assignee, the debtor, the creditor whose acceptance or rejection of the claim is contested, as well as the creditor that had made the objection. When it finds the objections as valid, the court approves the list after making the relevant amendment. Otherwise, the court leaves the objections without respect. The order of the court to approve the list is announced in the Commercial Register. The orders of the court are not subject to appeal.
In the insolvency proceedings as accepted is considered a claim, which is included in the approved by the court list for the accepted claims with the exception of claim under Art. 694 of the Law on Commerce.
The procedure for filling claims in the insolvency proceedings is governed by Articles 685-695 of the Bulgarian Law on Commerce.
The creditors of Matador Prime Ltd. should acquaint themselves with it and follow the announcements in the Commercial register of the account of Matador Prime Ltd. in order to observe the terms for their rights.
Announcement of the results from examinations held on 25 and 26 September 2021 for the acquisition of the right to exercise activity as a broker of financial instruments and as an investment adviser
On 25 and 26 September 2021 were held the next exams for the right to practice as a broker of financial instruments and as an investment adviser.
On September 25, 2021, 17 people took the examination for acquiring the right to exercise activity as a broker of financial instruments, with 21 candidates admitted and 15 of them passed the examination.
Lists of persons who passed the examination for acquisition of the right to exercise activity as a broker of financial instruments:
1 Aleksandar Sergeev Ivanov
2 Valentina Velichkova Rangelova
3 Galina Stoyanova Ruseva
4 Deyan Lyubenov Ivanov
5 Zhana Kostadinova Hristova
6 Ivaylo Tomov Petrov
7 Ivaylo Tsvetanov Atanasov
8 Katya Ivanova Rangelova
9 Kristiyan Albert Andonov
10 Kristiyana Valentinova Savova
11 Rositsa Lazarinova Rancheva
12 Seniha Sebahtin Yusein
13 Teodor Getov Simeonov
14 Teodora Petrova Popovska
15 Yuliyan Yordanov Arsenov
The results of the grading and the scores are recorded in
Protocol No 1 of 8 October 2021 of the Examination Commission
appointed by the FSC Decision under Protocol No. 70 of 23 September 2021.
On September 26, 2021, 25 people took the examination for acquiring the right to exercise activity as an investment adviser, with 29 candidates admitted and 17 of them passed the examination.
Lists of persons who passed the examination for acquisition of the right to exercise activity as an investment adviser:
1 Albena Ankova Ivanova
2 Aleksandar Sergeev Ivanov
3 Atanaska Nikolova Pahuncheva
4 Velizar Zahariev Furlanski
5 Galina Stoyanova Ruseva
6 Georgi Vasilev Popover
7 Dian Hristov Dimov
8 Dobrin Plamenov Tomov
9 Iliya Dimitrov Patsev
10 Kamen Ognyanov Kanev
11 Kristiyan Albert Andonov
12 Nikolay Zhivkov
13 Nikolay Ivanov Ivanchev
14 Panayot Georgiev Poshtov
15 Tatyana Petrova Koleva
16 Teodora Galinova Antonova
17 Yaroslav Vyacheslavovich Devitsky
The results of the grading and the scores are recorded in
Protocol No 2 of 8 October 2021 of the Examination Commission,
appointed by the FSC Decision under Protocol No. 70 of 23 September 2021.
Pursuant to Art. 9, para. 3 of Ordinance No. 7 of 27.05.2021 on the procedure for acquisition, recognition and revocation of legal capacity of brokers of financial instruments and investment advisers, within 10 working days from the announcement of the results of the examination, the persons who have not passed may request the FSC to get acquainted with the results of the grading of their written work.
To the attentions of those who passed the examinations for the acquisition of the right to exercise activity as a broker of financial instruments and as an investment adviser
The certificates can be received from 18.10.2021 from the office of the FSC within the working hours from 9:00 to 17:30 after presentation of an identity document and a document for paid fee in the amount of BGN 25, according to Section I, item II, item 9, proposal two of the Tariff of Fees Collected by the FSC, which is an appendix to Art. 27, para. 1 of the Financial Supervision Commission Act.
Payment can be made at the cash desk in the FSC building or by bank transfer to the account:
IBAN: BG95 BNBG 9661 3000 1415 01,
BIC: BNBGBGSD, BNB – Central Office
Announcement of results from the professional qualification examination for insurance brokers held on 27.11.2021
On 27.11.2021 an examination was held for acquiring professional qualification of insurance brokers and for recognition of qualification acquired in a Member State under Ordinance No. 28 of 10.05.2006 of the FSC on the terms and procedure for conducting an examination for the professional qualification of insurance brokers and for the recognition of a qualification acquired in a Member State and for the registration of vocational training materials. (Ordinance No. 28 of 10.05.2006).
The admitted 7 (seven) candidates took the exam, and 3 (three) of them successfully passed.
Pursuant to Art. 10, para. 2 of Ordinance No. 28 of 10.05.2006, the Financial Supervision Commission announces the results of the examination for professional qualification of insurance brokers, held on 27.11.2021, as follows:
List of candidates who have passed the examination:
Reference number Name Score
РГ-14-159-1/15.10.2021 Ivan Vasilev Todorov 94 p.
РГ-14-165-1/04.11.2021 Nikoleta Stoyanova Moldovanska-Aleksieva 86 p.
РГ-14-163-1/01.11.2021 Mihail Dimitrov Daskalov 82 p.
List of candidates who have not passed the examination:
Reference number
Score
РГ-14-160-1/19.10.2021 68 p.
РГ-14-161-1/20.10.2021 66 p.
РГ-14-162-1/01.11.2021 62 p.
РГ-14-164-1/02.11.2021 56 p.
Certificates signed by the Chairman of the Financial Supervision Commission will be issued to the persons who have successfully passed the professional qualification examination.
Announcement for opening liquidation proceedings of IC EUROAMERICAN AD
At its meeting on 11.03.2021, the FSC adopted Decision No. 123 – ОЗ of 11.03.2021 on initiating proceedings for compulsory liquidation of IC EUROAMERICAN AD, UIC 124634117, and the Guarantee Fund was designated as liquidator of the insurer with revoked license. The decision is available on the FSC website in the section Administrative Documents, Decisions, 2021, March.
By Decision No. 1309 – ОЗ of 17.12.2019 the FSC revoked the license for insurance of IC EUROAMERICAN AD, UIC 124634117, issued by Decision No. 238-03 of 27.02.2014 of the FSC, and appointed a conservator of the company. The same decision prohibits the free disposal of assets by IC EUROAMERICAN AD until the commencement of liquidation or insolvency proceedings, as well as the conclusion of new insurance contracts for all classes of insurance for a period of 6 months from the date of issuance of the decision. Decision No. 1309 – ОЗ of 17.12.2019 became effective on 17.02.2021, when Decision No. 2111 / 17.02.2021 under Administrative case No. 9509/2020 according to the inventory of the Supreme Administrative Court, Seventh Department maintained Decision No. 563/19.06.2020 under Administrative case No. 47/2020 according to the inventory of the Sofia District Administrative Court, which rejected the appeal of the insurer against Decision No. 1309 – ОЗ of 17.12.2019 of the FSC.
Decision No. 1309 – ОЗ of 17.12.2019 of the FSC becoming effective is grounds to proceed to the compulsory termination of IC EUROAMERICAN AD under Art. 602, para. 1, item 2 of the IC, as the revocation of the insurer’s license is based on Art. 40, para. 2, item 2, 4 and 8 of the IC.
Announcement for conducting an examination for professional qualification of insurance brokers
The Financial Supervision Commission (FSC) informs all interested parties that at its meeting held on 05.10.2021 a decision was made to conduct an examination for professional qualification of insurance brokers in accordance with Ordinance No. 28 of 10.05.2006 of the FSC on the terms and procedure for conducting an examination for the professional qualification of insurance brokers and for the recognition of a qualification acquired in a Member State and for the registration of vocational training materials.
The examination will be held on 27 November 2021.
By 20.10.2021, the interested persons should submit an application for admission to the examination according to an approved template, together with the appendices under Art. 3, para. 2 of Ordinance No. 28 of 10.05.2006, namely: police clearance certificate or other similar document certifying the circumstances under Art. 303, para. 1, item 1 of the IC; a notarized copy of a diploma of higher education obtained in the country, respectively a legalized translation of a diploma of higher education obtained in a higher school outside the Republic of Bulgaria, to certify the circumstances under Art. 303, para. 2 of the IC and a declaration of the circumstances under Art. 303, para. 1, items 2 – 4 of the IC, according to a template.
Applications can be submitted every working day at the FSC office or signed with an electronic signature at the following e-mail address: delovodstvo@fsc.bg. A fee in the amount of BGN 450.00 (four hundred and fifty) shall be paid for taking the exam, based on Section I, item VI, line 15 in connection with Section IV, item IV of the Tariff of Fees Collected by the FSC under the Financial Supervision Commission Act, to the following bank account: IBAN: BG 95 BNBG 9661 3000 1415 01, BIC of BNB -Central office: BNBGBGSD.
The topics covered by the examination are published on the FSC’s website, in the section “Supervised entities”, “Qualification examinations”, “Insurance brokers examinations”, where the list of admitted candidates will be announced, as well as all other announcements related to the conduct on this exam.
Annoncement – OneCoin
The FSC informs the potential investors and consumers on the Internet that the activities related to acquisition, trading and settlement with OneCoin are not regulated by the acting European and national legislation in the area of the capital markets. Currently, OneCoin or other virtual currencies are not recognized and are not considered financial instruments under the MFIA and the requirements of the MFIA are not applied to them.
Potential investors and consumers should note that investment in such crypto currencies which already exceed 400 different types is associated with a high risk. In case the organizer of such an activity becomes insolvent, the individuals are not subject of compensation by the Investors Compensation Fund.
Annoncement – OneCoin
The FSC informs the potential investors and consumers on the Internet that the activities related to acquisition, trading and settlement with OneCoin are not regulated by the acting European and national legislation in the area of the capital markets. Currently, OneCoin or other virtual currencies are not recognized and are not considered financial instruments under the MFIA and the requirements of the MFIA are not applied to them.
Potential investors and consumers should note that investment in such crypto currencies which already exceed 400 different types is associated with a high risk. In case the organizer of such an activity becomes insolvent, the individuals are not subject of compensation by the Investors Compensation Fund.
Potential investors and consumers should note that investment in such crypto currencies which already exceed 400 different types is associated with a high risk. In case the organizer of such an activity becomes insolvent, the individuals are not subject of compensation by the Investors Compensation Fund.
An updated Program for Consumer Protection in the Non-Banking Financial Sector for the Period 2021-2024 was adopted at a meeting of the FSC
The protection of consumers of financial products and services in the non-banking financial sector is one of the statutory objectives of the FSC. The program reflects the set priorities and the main strategic goal of the EU, namely the consumer protection policy related to improving the quality of life of European citizens. The program is aimed at establishing the proper functioning of the single internal market and at the same time – effective protection of consumers’ financial interests. It is therefore important that consumers have access to information about the people who provide the services, the products they offer, and the risks associated with them.
Amendments to the Ordinance N9 adopted
FSC adopted amendments to the Ordinance N9 on the method and the system for assessment of the assets and liabilities of the funds of supplementary pension insurance and of the pension insurance company, for the value of the net assets of the fund, for calculation and announcement of the value of one lot and for the requirements for management of the individual accounts.
Amendments to the Instructions for Implementation of Ordinance N2 on Prospectuses for Public Offering of Securities and Information Disclosure approved
The Commission has approved amendments to the Instructions for Implementation of Ordinance N2 on Prospectuses for Public Offering of Securities and Information Disclosure. The amendments concern the rules for sale of companies, which are appointed by the Privatization Agency to be privatized through the method of “public offering of securities “.