ASF reported a surplus of RON18.3 million last year, compared to a deficit of RON9.8 million in 2013, according to its annual report.
According to ASF, in 2014, fees for stock market transactions were cut by 25% and the quota applied to the value of transactions with financial instruments carried on regulated markets, was lowered from 0.08% to 0.06%.
ASF’s total expenses fell 1.32% to RON147.63 million in 2014, from RON149.61 million a year ago.
Staff costs for ASF Council members declined more than 78% in 2014, compared to the budgets previously earmarked for the members of the councils of the three former authorities (CSA, CNVM and CSSPP).
ASF’s 2015 budget still stipulates substantial cuts in staff costs following the completion of its restructuring process.
The Financial Supervisory Authority was established in 2013 as an autonomous managerial authority that took over all the attributions and prerogatives of the securities commission CNVM, the insurance supervisory commission CSA and the private pension supervisory commission CSSPP.