Social Insurance Supervision Division has announced the results of the activity of the supplementary social insurance for the first 9 months of year 2004

 

 

 

 

 

The total sum of the net assets till 30th September, 2004 accumulated by all three types of pension funds – voluntary, occupational, and universal– amounts to BGN 682 417 000, which is 25 % more compared to the results at the end of year 2003. The number of the social insured persons for the same period has reached 2 636 090 persons.

 

The Commission approved a Draft of Ordinance on the Terms of establishing pension reserves by pension insurance companies managing universal pension fund and/or fund for supplementary voluntary pension insurance.

The Commission approved a Draft of Ordinance on the Terms of establishing pension reserves by pension insurance companies managing universal pension fund and/or fund for supplementary voluntary pension insurance.

The Draft can be found at the Commission internet site and it will be agreed with the corresponding persons and organizations. 

„Balkan Investment Company“ AD is approved as in investment intermediary

FSC issued a license to „Balkan Investment Company“ AD, Sofia for operation as an investment intermediary in Bulgaria and for transactions under art.54, item 3 from Public Offering of Securities Act /POSA/ – management of individual portfolios of securities and/or moneys, with the exception of portfolios of investment funds and pension funds;

 

New investment consultant

FSC acknowledges the qualification issued by a foreign body to Krassimir Tahchiev for operation as an investment consultant.