The Bulgaria Financial Supervision Commission (FSC) issued a permit to Elana Fund Management AD to organise and manage the national open-ended mutual fund “Elana Alternative Deposit” and entered the fund in the FSC register of national investment funds. The Commission also adopted a set of supervisory decisions spanning capital markets, insurance and pensions. These included approving the Bulgarian Receivables Fund REIT’s assignment of activities to a third party, approving amendments to the Bulgarian Stock Exchange AD’s regulated market Rules of Procedure, approving a member of the Management Board of Allianz Bulgaria Pension Insurance Company AD, and recognising the full legal capacity of a responsible actuary in insurance and supplementary pension insurance. The FSC also adopted its 2024 annual activity report.
Bulgaria Financial Supervision Commission 2025-05-28
Bulgaria Financial Supervision Commission licenses Elana Fund Management to launch Elana Alternative Deposit and approves multiple market and insurance actions
The Bulgaria Financial Supervision Commission (FSC) granted Elana Fund Management AD a permit to manage the national open-ended mutual fund “Elana Alternative Deposit” and registered it as a national investment fund. The FSC also approved amendments to the Bulgarian Stock Exchange AD’s market rules and the assignment of activities by the Bulgarian Receivables Fund REIT. Additionally, the FSC adopted its 2024 annual activity report.