Nuredin Kafelov, Member of the FSC, Head of Insurance Supervision Division, gave a permission to AIG Life Bulgaria to invest insurance reserves of the insurances denominated in EURO in government securities abroad. The insurance company can invest up to 100 % in government bonds, issued by European governments having  S&P rating “A” or higher, and up to 20% in corporate securities (bonds) with rating “A+” or higher.
In order to guarantee the rights and interest of the insured persons AIG Life Bulgaria must submit with the FSC monthly reports providing information on the premium income, on the amount of the insurance reserves of the insurances denominated in EURO, as well data  about the investment portfolio, formed as a result of the investments made abroad.

The data on the achieved returns of the pension funds has been checked and summarized by the Social Insurance Division of the FSC. It has been verified that the presented returns data reflects the distributed returns in the individual accounts.  
Detailed statistics on the pension funds returns are published on our web site, section Statistics and Publications.               

The Deputy Chairman of FSC, Head of Investment Supervision Division,  gave a permission IPK Rodina AD to be deleted from the register of public companies and other issuers.

Dimana Rankova, Deputy Chairman of FSC, Head of Investment Supervision Division, obligated the management body of Bulvesta Holding to undertake actions in order to register its share issue for trading on the stock exchange.

The Deputy Chairman of FSC, head of Social Insurance Supervision Division,   approved Requirements for the Content of the Advertising and Written Information Materials of the Pension Funds and Pension Insurance Companies.
These requirements are related to the materials issued and distributed by the company itself, and designed to provide guidance and assistance  to present and future insured persons in their choice of a pension insurance company. The same requirements are applicable in regard to the materials that are provided by the pension insurance company in case of concluding an agreement for supplementary pension insurance, or in case of submitting an application for transfer from one fund to another. The requirements concern also the content of the internet sites of the pension insurance companies, as well the advertising and other information materials of the companies.

FSC approved  the  following tender:
– Company, object of the offer: Druzhba Style AD, Varna 
– Offeror: Kontex Druzhba OOD, Sofia
– Authorized investment intermediary: Bulbrokers AD
– Offered price per share: BGN 12.40

FSC issued a license to operate as an investment intermediary in Bulgaria to Bench Mark Finance AD, Sofia. The license’s scope permits Bench Mark Finance AD to execute transactions in securities only for the account of a third party.

FSC issued a license to operate as an investment intermediary in Bulgaria and abroad to Pozitiva AD, Sofia. The license’s scope permits Pozitiva AD to execute transactions in securities only for the account of a third party.

FSC issued a license for operation as a management company to First Financial Brokerage House Asset Management AD

The Commission has approved amendments to the Instructions for Implementation of Ordinance N2 on Prospectuses for Public Offering of Securities and Information Disclosure. The amendments concern the rules for sale of companies, which are appointed by the Privatization Agency to be privatized through the method of “public offering of securities “.