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Romanian Legal Week: July 4-10, 2016

Adina Oprea
Adina
Oprea

The Competition Council is analyzing a new economic concentration
The Competition Council analyzes the envisaged economic concentration to be achieved through the takeover Romgreen Universal Limited (Cyprus) and some companies controlled by it by Gren Holdings Limited (Cyprus) member of Abris group, according to a press release published on Thursday, 6 July 2016.

The Ministry of Finance launches the sale of government bonds for the population
As of 11 July 2016, the Ministry of Finance will start issuing government bonds to the population marking the Fidelis Centenary, that will be due in 2018, in order to commemorate 100 years after the Great Union.
According to the press release published on 7 July  2016, the total value of the issue is 100 million RON and the nominal value will be of RON 100.

Implementation of accounting reporting system on 30 June 2016 for insurance undertakings | Draft
The Financial Supervisory Authority launched for a public debate, on Thursday, 7 July 2016, the Draft rules for implementing the Accounting reporting system on 30 June 2016, for insurance companies.

:: Draft 
:: Presentation Note

Amending para. (5) from art. 10 within the General Rules regarding the transfer of the participants between private pension funds | Draft
The Financial Supervisory Authority launched for a public debate, on Thursday, 7 July 2016, the Draft rules for amending paragraph. (5) art. 10 of General Rules no. 26/2014 concerning the transfer of participants from private pension funds.

The Competition Council has authorized the takeover of Albalact SA by Lactalis Group
The Competition Council has authorized the economic concentration achieved by taking over SC Albalact SA, SC Rarăul SA and SC Logistic SRL Albalact by B.S.A. Internationa, according to apress release issued on 6 July 2016.

The Competition Council has authorized the takeover La Fantana by Oresa Ventures Group (Cyprus) Limited 
The Competition Council has authorized the economic concentration achieved by taking over La Fantana SA and the LaF Group by Oresa Ventures (Cyprus) Limited, according to press release issued on 4 July 2016.

Amendment to Regulation (EU) 2016/1033 on markets in financial instruments
In the Official Journal of the European Union, series L 175/1 dated 30 June 2016, was published the Commission Regulation (EU) 2016/1033 of the European Parliament and of the Council amending Regulation (EU) no. 600/2014 on the Markets in Financial Instruments, Regulation (EU) no. 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories.

Adina Elena Oprea

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