ECONOMY FINANCE&BANKING

ASF approves Eureko Confort and Aegon Esential optional pension funds’ merger

The Financial Supervisory Authority’s (ASF) Board has approved the final authorization of the merger between Euroko Confort (acquired) and Aegon Esential (acquiring) optional pension funds, an ASF communiqué informs.

On the other hand, the members of ASF’s Board were informed about the Insurances Guarantee Fund’s (FGA) activity report that covers the September 1 – October 30 period. The report presents the stage of the measures taken in order to manage the situation of the Astra company in what concerns the takeover of the paperwork that concerns insurance contracts and insurance claims.
During the same meeting, the ASF Board was informed about the European Commission’s Action Plan on the Capital Markets Union and the preliminary list of barriers liable to affect the free movement of capital.

“The working group set up at ASF level will cooperate with the representatives of BNR, the Finance Ministry and the Justice Ministry in areas of joint competence, in order to coordinate the national effort to implement the Action Plan related to the Capital Markets Union,” the communiqué reads.

The Financial Supervisory Authority (ASF) is the institution that authorizes, regulates, supervises and controls the entities that are active on the non-banking financial market in Romania. ASF was set up in 2013 by taking over and reorganizing all the competences and prerogatives of the National Securities Commission (CNVM), the Insurance Supervisory Commission (CSA) and the Commission for the Supervision of the Private Pensions System (CSSPP).

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