Romanian Financial Supervisory Authority authorizes INNO Investments as an AIFM and approves governance and ownership changes across insurers, pensions and brokers

The Romanian Financial Supervisory Authority’s Council adopted a package of authorization decisions for supervised non-bank financial markets covering insurance, capital markets and private pensions. The measures include approvals for insurer board and executive appointments, the authorization and registration of a new alternative investment fund manager, and clearances for changes to fund statutes, corporate constitutive documents and ownership structures. The Council approved new mandates for Mesut Yetișkul as a board member of Signal Iduna Asigurări S.A. and Paul Mitroi as a board member of Garanta Asigurări S.A., and approved Lupaș-Țicu Gabriela as Chief Executive Officer of NN Asigurări S.A. It authorized Adriana Urszula Maciolek as a board member of Metropolitan Life Societate de Administrare a unui Fond de Pensii Administrat Privat S.A., approved amendments to the statute of the Investor Compensation Fund, and approved INNO Investments S.A.I. S.A. for authorization and entry in the ASF public register as an alternative investment fund manager. The Council also approved the announcement regarding the withdrawal of shareholders from Transilvania Leasing și Credit IFN S.A. under Article 44 of Law No. 24/2017, approved Delfin S.a.r.l.’s acquisition project to obtain an indirect qualifying holding in Generali România Asigurare Reasigurare S.A. following an involuntary exceedance of the indirect holding, and approved amendments to the articles of association of Renomia Insurance Reinsurance Broker S.R.L. and Wilson Insurance Broker S.R.L.