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.

The Deputy Chairman of FSC, Head of Insurance Supervision Division  approved Todor Gengev  as an executive member  of  the insurance company “ZPD Vitosha” AD.

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.

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

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

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

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”.

The Deputy Chairman of FSC, head of Insurance Supervision Division issued license to operate as an insurance broker to the following company – “Medlink Broker” AD

In July 2004 Social Insurance Supervision Division of FSC completed full documentary inspection of pension insurance company “Alianz Bulgaria”. The objective of the inspection was to check the activity of the company for the period after September 1, 2003.  As a result of the inspection number of infringements of the Social Insurance Code was determined. Five punitive acts and total fines of BGN 5600 were imposed to the executive director of “Alianz Bulgaria” by the Head of Social Insurance Supervision Division.

The Commission approved the request of  the investment intermediary “Fiko Invest”  to limit its  scope of activity. 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.