The Commission adopted instructions for implementation of Ordinance N3 for the methods for change of participation and transfer of the accumulated sums of an insured person from one supplementary pension insurance fund to a relevant fund managed by other pension insurance company.
New share issue of company “Sveti Constantin&Elena” AD registered
FSC registered with its register of public companies and other issuers new issue of securities. It is issued as a result of the increase of the company’s capital:
Issuer: “Sveti Constantin&Elena” AD
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 2 085 456 shares
Nominal & issuing value: BGN 1
“Promota Bulgaria” AD obligated to undertake actions in order to register its subsequent share issue with the public register of the Commission
Dimana Rankova, Deputy Chairman of FSC, Head of Investment Supervision Division, obligated the management body of “Promota Bulgaria” AD to undertake actions in order to register its subsequent share issue with the public register of the Commission. The size of the issue is 2 800 000 transferable, dematerialized shares, issued with compliance to the resolutions of the Board of directors of “Promota Bulgaria” AD as of 12.11.2003.
Share issue of “Capital Direct –1“ registered with the Commission
FSC registered with its register of public companies and other issuers the following issue of securities:
Issuer: Special Investment Purposes Company “Capital Direct – 1“
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 1500 shares
Nominal value: BGN 100 each
The initial public offering of the described issue has been successfully completed. The issue will be traded on the stock exchange.
New investment company – Capman Capital AD
FSC issued a license for operation as an open end investment company to Capman Capital AD
New investment intermediary – STS Finance AD
FSC issued a license for operation as an investment intermediary in Bulgaria and abroad to STS Finance AD, Gabrovo. The license’s scope permits STS Finance AD to execute transactions in securities only for the account of a third party.
Sofiaplast AD is not public company anymore
Company Sofiaplast AD has been deleted from the public register of the Commission in compliance with the decision of the Head of Investment Activity Supervision Division – Dimana Rankova.
“Zavodski stroezhi – Kozloduy” AD obliged to undertake actions in order to register its share issue for trading on the stock exchange
Dimana Rankova, Deputy Chairman of FSC, Head of Investment Supervision Division, obligated the management body of “Zavodski stroezhi – Kozloduy” AD to undertake actions in order to register its share issue for trading on the stock exchange.
Statistics on the returns of the pension funds have been announced
The data on the achieved returns of the pension funds has been checked and summarized by the Social Insurance Division of the FSC. It has been verified that the presented returns data reflects the distributed returns in the individual accounts.
Detailed statistics on the pension funds returns are published on our web site, section Statistics and Publications.
AIG Life Bulgaria permitted to invest reserves abroad
Nuredin Kafelov, Member of the FSC, Head of Insurance Supervision Division, gave a permission to AIG Life Bulgaria to invest insurance reserves of the insurances denominated in EURO in government securities abroad. The insurance company can invest up to 100 % in government bonds, issued by European governments having S&P rating “A” or higher, and up to 20% in corporate securities (bonds) with rating “A+” or higher.
In order to guarantee the rights and interest of the insured persons AIG Life Bulgaria must submit with the FSC monthly reports providing information on the premium income, on the amount of the insurance reserves of the insurances denominated in EURO, as well data about the investment portfolio, formed as a result of the investments made abroad.