The Deputy Chairman of FSC, Head of Insurance Supervision Division approved Todor Gengev as an executive member of the insurance company “ZPD Vitosha” AD.
Raiffaizenbank AD – Bulgaria included in the list of the banks -custodians of thefunds for supplementary pension insurance
Raiffaizenbank AD – Bulgaria has been included in the list of the banks -custodians of the funds for supplementary pension insurance in compliance with the proposal of Bulgarian National Bank.
Draft Ordinance for custodian and consultative councils of the funds for supplementary pension insurance approved
The Commission approved a draft Ordinance for custodian and consultative councils of the funds for supplementary pension insurance.
Subject of the ordinance are the methods and terms for establishment of the councils, membership, functions and other details pertinent to the functioning of the councils.
Draft Ordinance for amendments of Ordinance N 6 for the capital adequacy and liquidity of the investment intermediaries approved
The Commission approved a draft Ordinance for amendments of Ordinance N 6 for the capital adequacy and the liquidity of the investment intermediaries.
The amendments are further step in the process of harmonization of the Bulgarian legislation with the European one, and are related to the requirements for formation of the own capital of the investment intermediaries.
The license of investment intermediary Tresor AD has been revoked
The Commission revoked the license of investment intermediary Tresor AD. The main reasons are that the company does not comply with the legal requirements for capital adequacy and liquidity.
New type of life insurance offered by Allianz Bulgaria Life has been approved
The Deputy Chairman of FSC, Head of Insurance Supervision Division, has issued to the insurance company “Allianz Bulgaria Life” a supplementary permission for new type of life insurance. The specifics of the insurance is that the insured person can choose an investment fund where his money shall be invested.
Investor BG registered with the Commission as a public company
FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: Investor BG
Type of securities: ordinary, dematerialized, voting, fully transferable shares
Size of the issue: 599 730 shares
Nominal value per share: BGN 1
”Interlogic Imoti” AD’ prospectus for initial public offering approved
FSC approved a prospectus for initial public offering of shares issued by ”Interlogic Imoti” AD’. The share issue has the following characteristics:
Issuer: Investor Interlogic Imoti AD
Type of securities: ordinary, dematerialized, voting, fully transferable shares
Size of the issue: 20 000 shares
Nominal value per share: BGN 10
Minimum issuing value per share: BGN 40
Investment intermediary “Eurodealing” scope of activity has been limited
The Commission decided the limit the scope of activity of the investment intermediary “Eurodealing”. According to the decision the investment intermediary can not execute transactions with securities for its own account, as well can not underwrite issues of securities and manage individual portfolios of securities and/or money
Investment intermediary “Ex Pit & Co” suspended from trading with securities for six months period
In compliance with decision of the Deputy Chairman of FSC, Head of Investment Supervision Division, the investment intermediary “Ex Pit & Co” has been suspended from executing transactions with shares, bonds, compensation instruments and investment bonds for six months period. The punitive measure has been imposed in order to protect the interests of the clients of “Ex Pit & Co”.