CAPITAL REQUIREMENTS
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Romania Seeks to Drop Extra Capital Requirements for Private Pension Funds
Romania's liberal government will eliminate additional capital requirements imposed on private pension fund administrators by the previous Cabinet, finance minister Florin Citu said Friday.
Government Lowers Capital Hike Requirements for Private Pension Fund Admins
Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial tax decree in December 2018.
Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension funds, known as Pillar II, according to a draf...
ASF: Only 289 Of 552 Insurance Brokers Meet Minimum Capital Requirements
Only 289 insurance brokers of the 552 operating on the Romanian market were meeting minimum capital requirements on January 27, while the operations of 85 companies are suspended or banned,...
ASF: 10% Of Insurance Brokers Don’t Meet Minimum Capital Requirements
Romania's financial regulator ASF said Tuesday that 10% of insurance brokers don’t meet minimum capital requirements, which will become mandatory at the end of December.