NOTICE

In connection with the upcoming review of pension funds’ assets and insurers’ balance sheets in Bulgaria, the Financial Supervision Commission approved an Invitation for independent external reviewers who will conduct a review of the pension funds’ assets in Bulgaria and an Invitation for independent external reviewers who will conduct a review of insurers’ balance sheets for the Bulgarian insurance sector.

In pursuance of para. 10 of the Transitional and final provisions of the Law on recovery and resolution of credit institutions and investment firms, the FSC shall select and disclose publicly information on the entities who will conduct a review of the pension funds’ assets and a review of the insurers’ balance sheets. All interested parties are welcome to participate. For this purpose they shall submit to the FSC not later than February 18, 2016 the required documents in the two invitations. On the basis of the submitted documents and in compliance with the eligibility criteria set in the invitations, the FSC will select the entities with a high professional reputation and international experience which are eligible to conduct the review of the pension funds’ assets and the insurers’ balance sheets in Bulgaria within the period April - June 2016.

The full text of the two invitations is available at the following internet address: in Bulgarian and English