Deciziile adoptate de Consiliul Autorității de Supraveghere Financiară

The most consequential for compliance teams is an amendment to Regulation No. 9/2014, which governs authorisation and ongoing operations of investment management companies, UCITS, and their depositaries. Firms in scope should monitor the Official Gazette for the final text and assess whether updated governance, capital, or operational requirements affect their authorisation basis. The changes may require updates to policies, procedures, and regulatory reporting.

The ASF also approved key governance appointments: a new board mandate at Signal Iduna Asigurări and an executive director at Transilvania Broker de Asigurare. These are firm-specific but reinforce the regulator’s focus on fit-and-proper oversight. Transilvania Investments Alliance received approval to modify significant authorisation conditions following supervisory board changes, highlighting the need for prior approval of material governance shifts.

Separately, Inno Investments S.A.I. has been authorised to withdraw several open-ended funds. This triggers orderly wind-down, investor communication, and asset disposal obligations. Compliance teams at the manager should ensure all regulatory notifications, client disclosures, and final reporting are completed.

Competitors may see opportunities to attract assets from affected investors. Overall, the decisions are largely routine but carry moderate compliance impact for investment management and insurance firms. No immediate deadlines are stated, but affected firms should track publication in the Official Gazette and engage with the ASF as needed.

Review governance approval processes and fund authorisation conditions to avoid regulatory breaches.