Mr. Boyko Atanasov, Chairman of the Financial Supervision Commission, will take part in a round table organized by the Higher School of Insurance and Finance (VUZF) on “Strategic Management and Regulation of Business Processes in the State” on 31 March 2022.

The first panel of the round table focuses on the need for a strategy for economic development of the country and the necessary steps in this regard. Well-known experts and lecturers from prestigious universities in Bulgaria will take part in it.

The second panel focuses on the regulatory function of the state. In it, Mr. Boyko Atanasov will present the regulatory functions of the FSC and the directions for development of the non-banking financial sector in Bulgaria.

The event is organized by VUZF and the Laboratory for Scientific and Applied Research VUZF Lab and will be broadcast live through their online channels.

The Deputy Chairperson of the Financial Supervision Commission, head of the Investment Supervision Department, was a special guest at the XXI award ceremony for investment firms and banks that achieved the highest results in 2021.

The award ceremony was officially opened by Mariya Filipova – Deputy Chairperson of the Financial Supervision Commission, Vasil Golemanski – Deputy Chairperson of the Board of BSE and Assoc. Prof. Dr. Manyu Moravenov – Executive Director of BSE.

In her greeting to the guests of the event, Ms. Filipova noted: “The past 2021 was full of challenges, but since every challenge is an opportunity for development, we have all witnessed the growing interest of investors in products and new opportunities offered on the Bulgarian capital market. The FSC, the BSE and the investment firms are involved in this process and are guided by one goal – to create a sustainable, stable and accessible market for investors.” In conclusion, she stressed that “the basis of balanced and beneficial interactions between the regulator and market participants is respect for the rights and obligations of all those involved in the process” and called for “the establishment of transparent and fair relations between all participants in the capital market.”

Ms. Mariya Filipova presented the award for investment firms with the most significant contribution in 2021 to Carol AD. Carol AD was also distinguished as the investment firm which achieved the highest turnover on the BSE in 2021 and the investment firm that concluded the most transactions on the BSE in 2021.

For the first time on the BSE presented an award for the most active bank-investment firm for 2021 the award went to Central Cooperative Bank AD. The public company Alterco AD, whose shares are traded on a regulated market, was awarded as the issuer with the most significant contribution to the development of the capital market last year. Yuliyan Sofroniev, founder and CEO of Biodit AD, the first company admitted to the market for growth of small and medium enterprises, was awarded as the person with the greatest contribution to the promotion of the capital market in 2021.

The ceremony was held under the motto “Fashion (evolution)” and her special guest was Sibina Grigorova – managing editor of the media “Boulevard Bulgaria” and co-host of the podcast “Life and Other Things”, which outlined the trends for 2022.

This week the official start of the first and only think tank for sustainable finance and energy in Bulgaria – Green Finance & Energy Centre. The Green Centre was established on the initiative of the Bulgarian Stock Exchange (BSE) and the Independent Bulgarian Energy Exchange (IBEX) and is realized with the support of the Ministry of Finance, the Ministry of Energy, the Financial Supervision Commission and the Fund of Funds.

A symbolic start to the activities of the Green Centre was given through the digital signing of the Charter for Sustainable Economic Development of Bulgaria.

Ms. Mariya Filipova, Deputy Chairperson of the Financial Supervision Commission, Head of the Investment Supervision Department, welcomed the partners and participants in the project, saying that “we are all committed to the cause of working actively for the development of the capital market, to strive for sustainable growth and build a climate-neutral economy in the long run.”

In her presentation, Ms. Filipova stressed that “the basis for balanced and fruitful interaction between the regulator, corporate management, shareholders and other stakeholders is respect for the rights and obligations of all market participants.” She called for responsible decision-making and focus on working to ensure favourable conditions for achieving sustainable growth and achieving common long-term goals, as well as establishing transparent and fair relationships between all participants in the capital market.

The Green Centre is a NGO – think tank for sustainable finance and energy. The Centre creates policies in the fields of sustainable finance and energy, leads the public debate and formulates specific solutions on these issues in the country.

Although 83.9% of companies assess the level of their policies above average, over 41% of them lack information and 37.5% of companies report as an important problem the lack of codes and methodological documents with a practical focus. This became evident from the study of the environment from the aspects of ecology, social responsibility and good corporate governance (the so-called ESG practices – Environmental, Social, Governance) – made by VUZF Lab on behalf of the BSE among 56 companies from 7 economic sectors. The study was presented by Prof. Virzhinia Zhelyazkova – Vice-Rector for Academic Affairs and Quality at the Higher School of Insurance and Finance.

Mr. Manyu Moravenov and Mr. Konstantin Konstantinov, Executive Directors of the BSE and IBEX presented the mission, goals and first initiatives to be taken by the Green Centre. These include raising awareness among businesses, upgrading the code of good corporate governance with aspects of environmental development and social responsibility, creating a stock exchange Green Index to encourage companies to implement ESG practices, and to distinguish those who do so in the best way.

Special guests of the event were Marinela Petrova – Deputy Minister of Finance, Zhecho Stankov – Deputy Minister of Energy, and Aleksandar Georgiev – Executive Director of the Fund of Funds.

The views of Europe and the world on sustainable finance and energy were provided by Eva Maidel, Member of the European Parliament, and Anthony Miller, Chief Coordinator of the UN Sustainable Stock Exchange Initiative.

More information about Green Finance & Energy Centre – www.gfecentre.org

The Deputy Chairperson of the Financial Supervision Commission, Head of the Investment Supervision Department, took part in “Ring the Bell for Gender Equality”, an international initiative dedicated to the celebration of International Women’s Day – March 8. The women’s management team of the Bulgarian Stock Exchange (BSE) and Ms. Mariya Filipova, a representative of the leadership team of the Financial Supervision Commission (FSC), started the stock exchange session today.

“Today we have the opportunity to recognize the important role of modern women in a professional aspect. Women contribute with their unique leadership style, with their care for the teams they lead in a crisis and with the achievements measurable in various areas of life. What is specific about the non-banking financial sector in Bulgaria is that it has the important task and responsibility to develop the capital market in the digital age, and the participation of women in implementation and management will undoubtedly contribute to more communication, innovation and partnership.” Mariya Filipova.

The grand opening of the stock exchange session was attended by Hristina Pendicheva – state expert in the Ministry of Finance and member of the Board of Directors of the BSE and Vasil Golemanski, Deputy Chairperson of the Board of Directors of the BSE.

“We are proud of the strong representation of women at all levels of the stock exchange. The fact that it operates seamlessly and successfully during a pandemic is also reflected in the values of respect for diversity and gender equality that are fundamental to us. In this regard, we believe that we are a good example to follow,” said Vasil Golemanski, Deputy Chairperson of the Board of Directors of the BSE.

The initiative is being held for the seventh time and this year covers more than 90 exchanges worldwide. Its current edition is entitled “Women in leadership: Achieving an equal future in a COVID-19 world” in honour of women leaders and women’s organizations who demonstrate their knowledge, skills and qualities to lead effectively in the recovery of the Covid-19 pandemic. It is held in partnership with the International Finance Corporation (IFC), the World Federation of Exchanges (WFE), the Sustainable Stock Exchange Initiative (SSE Initiative), of which the BSE is a member, the UN Global Compact, UN Women and Women in ETFs (WE) , in order to promote gender equality in the field of capital markets.

You can find the list of the non-licensed Investment intermediaries in the attached file – 21.08.2024

You can find the list of the non-licensed Investment intermediaries in the attached file – 07.02.2023

After checking all submitted applications and accompanying documents, the Deputy Chairperson of the FSC, head of the Insurance Supervision Department, decided to admit the following candidates to the exam:

Reference number          Decision No.

РГ-14-159-1/15.10.2021               791-ЗБ/28.10.2021         admitted

РГ-14-160-1/19.10.2021               793-ЗБ/01.11.2021         admitted

РГ-14-161-1/20.10.2021               792-ЗБ/01.11.2021         admitted

РГ-14-162-1/01.11.2021               801-ЗБ/02.11.2021          admitted

РГ-14-163-1/01.11.2021               802-ЗБ/02.11.2021         admitted

РГ-14-164-1/02.11.2021               810-ЗБ/09.11.2021         admitted

РГ-14-165-1/04.11.2021               807-ЗБ/05.11.2021         admitted

The examination will be conducted in accordance with all adopted anti-epidemic measures. In connection with Order No. РД-01-856 of 19.10.2021, supplemented on 21.10.2021, of the Minister of Health (MH) and in particular with item 2 and item 31, the admitted candidates should meet the requirement to be vaccinated or have recovered from COVID-19 or have a negative test result, certified by valid documents for vaccination, recovery or testing within the meaning of Order No. РД-01-733 of 27.08.2021 of the Ministry of Health.