Low fees for entities from the markets regulated by ASF

The Financial Supervisory Authority (ASF) released on Thursday, 10th December 2015, an announcement regarding the amendment of the Regulation no. 16/2014 on revenues of the Authority in order to reduce fees, tariffs and quotas applied to companies operating in the insurance market and pension funds.

The amended regulation, which will come into force from 1st January 2016, provides among others a 50% deduction of a several fees and quotas for pension funds and a 20% deduction of some quotas and tariffs for insurance companies.

The annual financial impact of the current quota, commissions and fees changes on the income and expenditure budget of ASF is estimated at about nine million LEI.

:: The Source: JURIDICE.ro 

Andreea Vicovan

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