The Commission issued a license to operate as an investment intermediary to “Capital Finance” OOD, Sofia.

FSC adopted amendments to  Ordinance N 12 on the method and system for assessment of the minimal return  on the assets of supplementary obligatory pension insurance funds; for covering the difference up to the minimal return, and for forming and using the reserves in order to guarantee minimal return

FSC also adopted instructions under par. 13, art.1, item 1 from LPOS related to par. 170, art.1 from the Social Insurance Code.

The FSC issued a temporary prohibition on the following tender offer :
– Company, object of the offer: Sinergon Textile AD, Sofia
– Offeror: Sinergon Holding
– Authorized investment intermediary: Aval In

The Commission has approved a project for Instructions on the method for calculation and withdrawal of the investment fee in the supplementary social insurance funds.

The Deputy Chairman of the FSC, Head of Social Insurance Division Bisser Petkov set  the minimum return rate on the asset management of the professional pension funds for  preceding  24-months period – from 01.01.2002 to 31.12.2003. The minimum return rate is 6.55% on annual basis.

FSC approved the following tender offer :
– Company, object of the offer: Sofia Mel AD
– Offeror: Loulis Mel – Bulgaria EAD & Loulis International Enterprise(ulgaria) Limited
– Authorized investment intermediary: Elana Trading
– Offered price per share: BGN 6

The Commission registered with its register of public companies and other issuers the following issue of securities :
Public company : Sofarma AD, Sofia
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 60 000 000 shares
Nominal value: BGN 1 per share

The Commission gave a permission to the investment intermediary “Status Invest” AD, Sofia to enlarge its scope of activity and to carry out its activity abroad.

The Commission approved a recovery program of investment intermediary Argo Invest. The program is design to help the investment intermediary to adjust its capital adequacy and liquidity according to the requirements of Ordinance N6 for the  capital adequacy and liquidity of the investment intermediaries.

The Commission adopted amendments to the Ordinance N3 for the methods for change of participation and transfer of the accumulated sums of an insured person from one supplementary social insurance fund to a relevant fund managed by other social insurance company.