The European Insurance and Occupational Pensions Authority (EIOPA) is examining the attitudes of potential suppliers towards the supply of savings products

The European Insurance and Occupational Pensions Authority (EIOPA) is conducting a survey on the attitudes of potential European suppliers towards the supply of savings products. The aim is to collect the maximum amount of data and information available on the Pan-European Personal Pension Product (PEPP).

Regulation (EU) 2019/1238 on a pan-European personal pension product (PERP Regulation) was adopted in July 2019 and has been effective since August 2020. The publication in the Official Journal of the EU on 22.03.2021 of a Delegated Regulation (EU) 2021/473 to supplement the PEPP Regulation also sets a date of 22.03.2022 from which it will apply. With this decision, the European Commission provides an opportunity for EU citizens to save for their future retirement through a safe, transparent and high-quality pension product.

The link where the survey can be found is:

https://ec.europa.eu/eusurvey/runner/PEPP_survey, the latter being active until 31 May 2021.

The European Insurance and Occupational Pensions Authority (EIOPA) explores the attitudes of potential providers concerning the saving products offering


The European Insurance and Occupational Pensions Authority (EIOPA) conducts a research into the attitudes of potential providers offering saving products on European level. The purpose of this survey is to collect maximum data volume and information about the offering of the pan- European Personal Pension Product (PEPP).
Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) was adopted in July 2019 and entered into force in August 2020.
On the 22 of March 2021 the Commission Delegated Regulation (EU) 2021/473, supplementing the PEPP Regulation, was published in the Official Journal of the European Union, setting the date for its entry into force on 22.03.2022. Based on its decision, the European Commission provides an opportunity for the EU citizens to save for their future retirement by means of a safe, transparent and high-quality pension product.
The survey is available at the following link: https://ec.europa.eu/eusurvey/runner/PEPP_survey  
The latter will be active until 31 of May 2021.

The European Insurance and Occupational Pensions Authority (EIOPA) explores the attitudes of potential providers concerning the saving products offering


The European Insurance and Occupational Pensions Authority (EIOPA) conducts a research into the attitudes of potential providers offering saving products on European level. The purpose of this survey is to collect maximum data volume and information about the offering of the pan- European Personal Pension Product (PEPP).
Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) was adopted in July 2019 and entered into force in August 2020.
On the 22 of March 2021 the Commission Delegated Regulation (EU) 2021/473, supplementing the PEPP Regulation, was published in the Official Journal of the European Union, setting the date for its entry into force on 22.03.2022. Based on its decision, the European Commission provides an opportunity for the EU citizens to save for their future retirement by means of a safe, transparent and high-quality pension product.
The survey is available at the following link: https://ec.europa.eu/eusurvey/runner/PEPP_survey  
The latter will be active until 31 of May 2021.

The European Commission published a list of the credit rating agencies in the Official Journal of the European Union and on its web page

Pursuant to Regulation (EC) № 1060/2009 of 16 September, 2009 on credit rating agencies (CRA Regulation), the credit rating agencies are legal persons whose occupation includes the issuing of credit rating on a professional basis. The credit rating agencies established in the Union must file an application for registration according to Article 14, paragraph 1, in relation to Article 2, paragraph 1
of the CRA Regulation. The competent authorities of the home Member State approve the registration when all requirements stated in the CRA Regulation have been satisfied. The registration is valid for the whole territory of the Union. In consistence with Article 18, paragraph 3 of the CRA Regulation, the Commission published in Official Journal of the European Union and on its web page a list of the registered credit rating agencies. This list is updated within 30 days after the date the Commission is notified of registration made by a competent authority of a home Member State.
The registration according to the CRA Regulation does not mean automatic recognition as an external credit rating agency (ECRA) in accordance with Part 2 of Annex VI
to Directive 2006/48/EC.

You can find the list of the agencies on the following address:

http://ec.europa.eu/internal_market/securities/docs/agencies/list_bg.pdf

The documentation for the Public Procurement for the organization and carrying out of stress tests of the Bulgarian insurers and reinsurers is published on the website of the FSC

The Financial Supervision Commission (FSC) published on its website the documentation for the open public procurement award procedure with subject: Organization and Carrying Out of Stress Tests of the Insurers and Reinsurers in the Republic of Bulgaria. The necessary documents for the participation in the procedure for selection of an independent external reviewer to realize the organization and carrying out of the stress tests for the insurers and reinsurers on the Bulgarian market are available at the following link.

 
The documentation is also available on the English version of the website.

 
The organization and carrying out of the stress tests of the insurers and reinsurers is conducted in accordance with para 10, item 4 of the Transitional and Final Provisions of the Law on Recovery and Resolution of Credit Institutions and Investment Firms.
 
Tenders should be submitted in Bulgarian. It is recommended that the documents presented together with the tender, except for the price offer, are accompanied with a translation in English.
 
The tender should be presented by the tenderer or by a representative authorized by him – in person or by postal or other courier service, by registered mail with return receipt at the following address: Sofia, 16 Budapeshta Str.
 
The deadline for tender submission is September 21, 2016.

The documentation for the Public Procurement for the organization and carrying out of stress tests of the Bulgarian insurers and reinsurers is published on the website of the FSC

The Financial Supervision Commission (FSC) published on its website the documentation for the open public procurement award procedure with subject: Organization and Carrying Out of Stress Tests of the Insurers and Reinsurers in the Republic of Bulgaria. The necessary documents for the participation in the procedure for selection of an independent external reviewer to realize the organization and carrying out of the stress tests for the insurers and reinsurers on the Bulgarian market are available at the following link:

 
The documentation is also available on the English version of the website:

 
The organization and carrying out of the stress tests of the insurers and reinsurers is conducted in accordance with para 10, item 4 of the Transitional and Final Provisions of the Law on Recovery and Resolution of Credit Institutions and Investment Firms.
 
Tenders should be submitted in Bulgarian. It is recommended that the documents presented together with the tender, except for the price offer, are accompanied with a translation in English.
 
The tender should be presented by the tenderer or by a representative authorized by him – in person or by postal or other courier service, by registered mail with return receipt at the following address: Sofia, 16 Budapeshta Str.
 
The deadline for tender submission is September 21, 2016.

The deadline for submitting applications for admission to the examination for professional qualification of insurance brokers has been extended until 01.11.2021.

The Financial Supervision Commission (FSC) informs all interested parties that at a meeting held on 26.10.2021 a decision was made to extend the deadline for submitting applications for admission to the examination for professional qualification of an insurance broker in accordance with Ordinance No. 28 of 10.05.2006 of the FSC, which will be held on 27.11.2021

The deadline for submitting applications has been extended to 01.11.2021, inclusive.

All interested persons should submit an application for admission to the examination according to an approved template, together with the attached documents under Art. 3, para. 2 of Ordinance No. 28 of 10.05.2006, namely: police clearance certificate or other similar document certifying the circumstances under Art. 303, para. 1, item 1 of the IC; a notarized copy of a diploma of higher education obtained in the country, respectively a legalized translation of a diploma of higher education obtained in a higher school outside the Republic of Bulgaria, to certify the circumstances under Art. 303, para. 2 of the IC and a declaration of the circumstances under Art. 303, para. 1, items 2 – 4 of the IC, according to a template.

Applications can be submitted every working day at the FSC office or signed with an electronic signature at the following e-mail address: delovodstvo@fsc.bg. A fee in the amount of BGN 450.00 (four hundred and fifty) shall be paid for taking the exam, based on Section I, item VI, line 15 in connection with Section IV, item IV of the Tariff of Fees Collected by the FSC under the Financial Supervision Commission Act, to the following bank account: IBAN: BG 95 BNBG 9661 3000 1415 01, BIC of BNB -Central office: BNBGBGSD.

The application must indicate the e-mail address to which messages on the open procedure for admission to the examination will be sent.

The topics covered by the examination are published on the FSC’s website, in the section “Supervised entities”, “Qualification examinations”, “Insurance brokers examinations”, where the list of admitted candidates will be announced, as well as all other announcements related to the conduct on this exam.

The examination will be conducted in accordance with all adopted anti-epidemic measures. In connection with Order No. РД-01-856 of 19.10.2021, supplemented on 21.10.2021, of the Minister of Health (MH) and in particular with item 2 and item 31, the admitted candidates should meet the requirement to be vaccinated or have recovered from COVID-19 or have a negative test result, certified by valid documents for vaccination, recovery or testing within the meaning of Order No. РД-01-733 of 27.08.2021 of the Ministry of Health.

The deadline for payment of the due fees collected by the FSC for general financial supervision is 31 January 2022

The Financial Supervision Commission reminds all supervised entities that the deadline for payment in full of the annual fees for general financial supervision – processing of mandatory current and periodic information and for conducting inspections for 2022, as well as the fixed part of the fee under Section II, item I, line 36 of the Tariff for fees collected by the FSC – Annex to Art. 27, para. 1 of the Financial Supervision Commission Act is until January 31 of the current year.

The amount of the annual fees for general financial supervision is determined in Section II of the Tariff for fees collected by the Financial Supervision Commission – Annex to Art. 27, para. 1 of the Financial Supervision Commission Act (FSCA).

Bear in mind that interest for delay is due on the fee not paid within the deadline according to Art. 27, para 5 of FSCA. In case of non-payment of due fees, the Commission and its bodies may refuse to provide administrative services to the supervised entity until the fulfilment of their obligation to pay the fee, together with accrued interest for delay and costs of enforcement proceedings, in cases provided for in Art. 27, para. 5 of the FSCA.

Payments may be made at the cash desk of the Financial Supervision Commission or at the following bank account with the BNB:

IBAN: BG95BNBG96613000141501

BIC: BNBGBGSD

For additional information regarding the due fees and interest, before making the payment, you can contact the Finance and Accounting Department at tel. 02/94 04 691, 02/94 04 646 and /or 02/94 04 695.

The deadline for payment of the due fees collected by the FSC for general financial supervision is 31 January 2021

The Financial Supervision Commission (FSC) reminds all supervised entities that the deadline for paying in full the annual fees for general financial supervision, including for processing the mandatory current and periodic information, and for conducting inspections (annual fees) for 2021 is until 31 January of the current year.

The amount of the annual fees for general financial supervision is determined in Section II of the Tariff for fees collected by the Financial Supervision Commission – Annex to Art. 27, para. 1 of the Financial Supervision Commission Act.

Interest for delay is due on the fee not paid within the deadline according to Art. 27, para 5 of FSCA. In case of non-payment of due fees, the Commission and its bodies may refuse to provide administrative services to the supervised entity until the fulfilment of their obligation to pay the fee, together with accrued interest for delay and costs of enforcement proceedings, in cases provided for in Art. 27, para. 5 of the FSCA.

Payments may be made at the cash desk of the Financial Supervision Commission or at the following bank account with the BNB:

IBAN: BG95BNBG96613000141501

BIC: BNBGBGSD

The Data on the Insurance Market for the Third Quarter of Year 2005 Have Been Summarised


The reports for the third quarter of year 2005 submitted by the insurance companies have been summarised by the Insurance Supervision Division at the Financial Supervision Commission. The premium income on general insurance amounted to BGN 647,940 thousand, which is a growth of 32.91 % in comparison to the third quarter of year 2004, and the indemnities paid amounted to BGN 224,183 thousand.
In the sphere of life insurance, the premium income was BGN 93,425 thousand – a growth of 51.44 % in comparison to the same period of the last year, and amounts and indemnities were paid amounting to BGN 24,740 thousand.
The Insurance Market’s statistics for the third quarter of year 2005  has been published on the FSC’s website – www.fsc.bg, Statistics Section.