Romanian Financial Supervisory Authority launches 10-day consultations on alternative investment fund and private pension investment rule changes and approves multiple market authorisations

The Romanian Financial Supervisory Authority’s board adopted a set of measures affecting the non-bank financial markets it supervises, combining the launch of draft regulatory amendments with a series of authorisations and approvals across capital markets, insurance and private pensions. On regulation, the authority approved a draft regulation amending ASF Regulation No. 10/2015 on the management of alternative investment funds and a draft norm amending Article 3 of ASF Norm No. 22/2020 on the temporary modification of the maximum limit applicable to private pension funds’ investments in government securities. On authorisations, it approved a range of governance and organisational changes, including appointments and mandate renewals at SSIF BRK Financial Group S.A., Muntenia Invest S.A., SAI Certinvest S.A., Omniasig Vienna Insurance Group S.A. and Garanta Asigurări S.A.; changes at Investimental S.A. following an increase in share capital; an EU Growth prospectus for the share capital increase of Metalica S.A. Oradea; an extension of Eazy Asigurări S.A.’s authorisation to general insurance class A18 (assistance for persons in difficulty while travelling or away from home); and amendments to the constitutive acts of Porsche Broker de Asigurare S.R.L. and Trinity&Radacini&Cbasig Grup - Broker de Asigurare S.R.L. Both draft regulatory texts are to be published on the authority’s website for a 10-day public consultation.