At its meeting, the Bulgaria Financial Supervision Commission (FSC) issued a package of supervisory and authorisation decisions spanning asset management, insurance intermediation, and licensing cases, including changes to its registers and a second-reading adoption of amendments to its fee framework. The FSC raised no ban on Euroconsult and Accounting Ltd.’s intention to acquire a direct qualified participation of 12.74% in Trend Asset Management AD. It approved Teodora Yankova to manage the compliance function of EUROINS LIFE INSURANCE COMPANY EAD, entered QUALITYLUX 33 Ltd. in the register of insurance brokers, and removed AKTIV GLOBAL EOOD, BROK LTD and VEDIS OOD from that register. The Commission also wrote off several sub-funds under the UBB ExpertEasy umbrella from its registers following a merger-driven transformation, covering UBB ExpertEase Defensive Balanced (BGN), UBB ExpertEase Defensive Tolerant (EUR), UBB ExpertEase Dynamic Balanced (EUR), UBB ExpertEase Dynamic Tolerant (EUR) and UBB ExpertEase Highly Dynamic Tolerant (EUR), which were managed by KBC ASSET MANAGEMENT N.V. acting through its Bulgarian branch. Promulgation of the amended fees ordinance in the State Gazette is pending. Separately, the FSC terminated proceedings related to Metaltrust Investor Care EDPC’s intention to operate as an alternative investment fund manager and requested additional information and documents from Biller Ltd. in connection with its application to be licensed as a crypto-asset service provider.
Bulgaria Financial Supervision Commission 2026-02-24
Bulgaria Financial Supervision Commission adopts fee amendments and takes decisions on qualified holdings, brokers, funds and crypto-asset licensing
The Bulgaria Financial Supervision Commission issued decisions, including register changes and fee amendments. Key actions include approving Euroconsult and Accounting Ltd.'s 12.74% stake acquisition in Trend Asset Management AD, appointing Teodora Yankova at EUROINS LIFE INSURANCE COMPANY EAD, and updating the insurance brokers register. The Commission terminated Metaltrust Investor Care EDPC proceedings and requested more information from Biller Ltd. on its crypto-asset service provider application.