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The Financial Supervision Commission notifies all concerned parties

The Financial Supervision Commission (FSC) notifies all concerned parties that on 6 August 2013 the competent authority of Spain (Ministerio De Economia Y Competitividad) has informed about the adoption of special control measures affecting the insurer MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA. These measures include the following terms:

1)                              prohibition of MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA from disposing of or drawing on its real estate, securities, current or deposit accounts, financial assets or any other property in its possession;

2)                              prohibition of MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA to assume new debts, grant loans or provide guarantees or endorsements.

 

FSC has not been notified on the intention of the aforementioned insurance undertaking to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.