FSC issued a temporary prohibition on publishing of the following tender offer :
– Company, object of the offer: Lukoil Neftohim Burgas AD
– Offeror: Lukoil Europe Holdings
– Authorized investment intermediary: Raifaizenbank Bulgaria EAD
Amendments to Ordinance N 6 adopted
The Commission adopted amendments to Ordinance N 6 from Oct 22, 2003 for the capital adequacy and the liquidity of the investment intermediaries.
Approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3
FSC approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3 from Sep 24, 2003.
The instructions provide guidance in the following cases :
-when in the applications for transfer from one pension fund to another fund there are deficiencies, corrections, erasing, additions, as well as missing information;
– what documents are required in case of changes of the name or the personal identification number of the person applying for transfer from one pension fund to another one.
The FSC issued a temporary prohibition on publishing and distributing “Kapman Capital”AD’ advertising material
The Deputy Chairman of FSC, Head of Investment Supervision Division, issued a temporary prohibition on publishing and distributing advertising material of the investment company “Kapman Capital”AD
Public company “Komex” AD, Kaspichan was refused to be deleted from the register of FSC
The Deputy Chairman of FSC, Head of Investment Supervision Division, refused to delete “Komex” AD, Kaspichan from the public register of FSC.
Social Insurance Supervision Division has announced the results of the activity of the supplementary social insurance for the first 9 months of year 2004
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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 prospectus for secondary public offering of bonds issued by „Runo-Kazanlak“ AD
The bonds issue has the following characteristics :
Issuer : „Runo-Kazanlak“ ADType of securities: ordinary, interest – bearing, registered, dematerialized, fully transferable corporative bonds Size of the issue: 10 000 bondsNominal value: Euro 1000 per bondAnnual interest rate : 6 months EURIBOR + 4.4% Term to maturity : 84 months Payments : every 6 months
The Commission approved prospectus for secondary public offering of bonds issued by “Kapital Direct-1”
he bonds issue has the following characteristics :Issuer : „Kapital Direct-1“ Type of securities: secured, registered, dematerialized, interest – bearing, corporate bonds Size of the issue: 2 600 bondsNominal value: Euro 1000 per bond Annual interest rate : 1 paymentTerm to maturity : 100 months
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.
The Commission approved a Draft of Ordinance on Licensing, Authorizations and Current Supervision
The Commission approved a Draft of Ordinance on Licensing, Authorizations and Current Supervision referred to the provisions of the Law on Insurance and the Law on Health Insurance. The draft can be found at the Commission internet site.