Ms. Ralitsa Againe, Deputy Chairperson of the Financial Supervision Commission in charge of the Insurance Supervision Division, has issued a licence to perform activities as an insurance broker to ANVEL-2005 EOOD.

Ms. Dimana Rankova, Deputy Chairperson of the FSC, Head of the Investment Supervision Division, has overruled Resolution No. 86-ПД dated June 19, 2002 of the State Securities Commission (the SSC), under which deletion of Antikoroza AD, Knezha, as a public company from the Register kept by the SSC, was denied.
Ms. Rankova deleted Antikoroza AD, Knezha, from the Register kept by the FSC by virtue of Art. 30, Para. 1, Item 3 of the Financial Supervision Commission Act.
The complete text of Resolution No. 233 may be found under the Documentation Section.

The package of reports, statements and appendices in connection with the submission to the Financial Supervision Commission of the periodic reports of the insurance brokers as of 31.12.2020, on the grounds of Art. 311, para. 3, item 1, in connection with para. 4 of the Insurance Code has been updated.

In connection with the above, the completion of the above reports and statements, and their submission through the electronic portal of the FSC, must begin after downloading the mandatory updated format (version 31.12.2020), published on the FSC website at:

www.fsc.bg, section “Administrative documents”, subsection “Forms and templates”, “Insurance market” (in BG version).

IMPORTANT:

Attachments must meet the following conditions:

• The main file containing the reference package according to Appendices 2.1-2.8 and 3.1-3.4 with basic information must be in .xls format (Microsoft Excel 2003);
• The content of the main file with basic information must be filled in according to the templates approved by the Financial Supervision Commission, observing all rules for data validity (these rules are not part of this instruction and can be downloaded from the Financial Supervision Commission website) ;
• The name of the main file with basic information must be formatted according to the rules set by the Financial Supervision Commission;
• Appendix No. 1 shall be filled in according to the attached template contained in the reference package, the information must be in .xls format;
• In view of the obligation of insurance brokers to submit information on the documented continuing professional training or development completed by individuals during the year and its results, which reporting is submitted to the commission annually by January 31 of the following year, you may fill in Appendix No. 3, which is filled in according to the attached template contained in the package of reports, the information must be in .xls format;
• Files must be signed with a universal electronic signature in p7m or p7s format (PKCS # 7), and encryption should NOT be used when signing;
• The signature on the files must belong to the same employee who logged in the system.

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• The issuers should at the first opportunity disclose information about the COVID 19 influence on their activity and financial state, in compliance with the requirements of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance;
• The issuers should disclose information about the actual or potential influence of COVID 19 on their activity, as well as on their financial and economic state, whereat they include in their financial reports qualitative and quantitative assessment of the influence in question, namely in the audited annual reports for 2019, in case where the latter are not made until the date of the current message, or in their interim financial reports.

• The issuers should at the first opportunity disclose information about the COVID 19 influence on their activity and financial state, in compliance with the requirements of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance;
• The issuers should disclose information about the actual or potential influence of COVID 19 on their activity, as well as on their financial and economic state, whereat they include in their financial reports qualitative and quantitative assessment of the influence in question, namely in the audited annual reports for 2019, in case where the latter are not made until the date of the current message, or in their interim financial reports.

We would like to inform you that insolvency proceedings have been opened for Matador Prime Ltd. by a decision of March 19, 2019 of the Sofia City Court in a commercial case No. 103 of 2019, entered in the Commercial Register on March 19, 2019. With the same decision, Alexander Kostadinov was appointed as a temporary assignee of "Matador Prime" Ltd.
            Pursuant to Bulgarian Law on Commerce, the creditors of "Matador Prime" Ltd. shall file their claims in writing before the insolvency court not later than three months after the entry in the Commercial register of the decision for opening of the insolvency proceedings –   not later than 19^th of June 2019.
            The assignee of Matador Prime Ltd. draws up a list of accepted filled claims in the order of their receipt with a note of the creditor, the amount and the ground of the claim, the privileges and the collateral, the date of the filing. The assignee also draws up a list of the claims officially accepted by him and a list of rejected claims. Clients’ claims of the investment intermediary shall be deemed to have been filed and shall be entered officially by the assignee in the list of accepted claims, in accordance with Article 77b, par. 6 of LPOS /Law on the Public Offering of Securities/.
            The assignee submits for announcement in the Commercial Register the abovementioned lists and the financial statements immediately after their drawing up and leaves them at the disposal of the creditors and the debtor in the office of the court.
            The debtor or creditor may make a written objection to the court, with a copy to the assignee, against accepted or rejected by the assignee claim, within 7 days of their announcement in the Commercial Register. If the deadline is exceeded, it is impossible to subsequently challenge the lists of the creditor concerned except in the cases of Article 694 of the Law on Commerce.
            Where there are no objections to the lists, the court shall approve the list of accepted and officially еntered claims in a closed session. In the event of objections to the lists, the court shall rule on them after consideration of the objections.
            The court examines the objections raised in open court by given notice to attend to the assignee, the debtor, the creditor whose acceptance or rejection of the claim is contested, as well as the creditor that had made the objection. When it finds the objections as valid, the court approves the list after making the relevant amendment. Otherwise, the court leaves the objections without respect. The order of the court to approve the list is announced in the Commercial Register. The orders of the court are not subject to appeal.
            In the insolvency proceedings as accepted is considered a claim, which is included in the approved by the court list for the accepted claims with the exception of claim under Art. 694 of the Law on Commerce.
            The procedure for filling claims in the insolvency proceedings is governed by Articles 685-695 of the Bulgarian Law on Commerce.
            The creditors of Matador Prime Ltd. should acquaint themselves with it and follow the announcements in the Commercial register of the account of Matador Prime Ltd. in order to observe the terms for their rights.