The Bulgaria Financial Supervision Commission released a set of supervisory decisions covering securities admissions and register changes, governance approvals in an insurer, rule amendments and a licensing exemption for derivatives trading. The package includes approval of Tiz Invest AD’s prospectus for a bond issue to be admitted to trading on a regulated market, registration of a new share issue by Weiser Technology AD, and removal of ELG AD and BG AGRO AD and their securities from the register of public companies and other issuers of securities. Tiz Invest’s issue comprises 2,500,000 secured, non-convertible, dematerialized registered bonds with nominal value EUR 1,000 (ISIN BG2100004246), a floating coupon of six-month EURIBOR plus 3.00% subject to a 4.00% floor and 7.50% cap, issued on 21 May 2024 and maturing on 21 May 2027. Weiser Technology’s registered share issue totals BGN 91,690 across 91,690 new dematerialized voting shares with nominal value BGN 1 (ISIN BG1100007076). The FSC wrote off ELG AD (formerly EUROLEASE GROUP AD) together with its BGN 6,000,000 bond issue (ISIN BG2100001200) issued on 5 February 2020 and maturing on 5 February 2025 with a fixed 4% annual coupon paid semi-annually, and wrote off BG AGRO AD and its 40,357,440 voting shares (ISIN BG1100151072). For 2025, Aurubis Bulgaria AD was exempted from the requirement to be licensed as an investment intermediary in relation to its trading in commodity derivatives, emission allowances or related derivatives under Article 5 of the Markets in Financial Instruments Act. The FSC also approved Nayden Nedelchev as Head of the Internal Audit Function of MMV Insurance EAD and requested additional information and documents from investment intermediary Favorit AD in connection with approvals for members of its board and its procurator. An ordinance amending and supplementing the Financial Supervision Commission’s normative acts was adopted at second reading and is due to be promulgated in the State Gazette.

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