BREAKING NEWS: Romanian pensions regulator fines 22 pension brokers
ROMANIA. CSSPP, Romania's private pensions regulator, announced today
the biggest collective sanction in its history: 22 pension and
insurance brokers were fined, 5 were warned in writing and one was left
without its license, CSSPP announced today. The fines range from 3% to
5% of the borker's share capital, where 5% is the maximum fine allowed
by the law. Among the brokers that received fines are top10 players on
the Romanian market. There are currently 62 pension brokers on the
Romanian market, out of which 16 are inactive (never had revenues). Most of the fines were given for delays or lack of reporting activity.
Here is the list of the fines and warnings announced today:
- SE FOND Broker de Pensii Private - withdrawal of license - ANNE'S Broker de Pensii Private - fine of 5% of the share capital - INTERMANAGEMENT Broker de Pensii Private - fine of 5% of the share capital - CAPITAL & ALLIANCE Private Pensions Broker de Pensii Private - fine of 4% of the share capital - BANAT FIM Broker de Pensii Private - fine of 4% of the share capital - EUROBROKERS Broker de Pensii Private - fine of 4% of the share capital - VBL Broker de Pensii Private - fine of 4% of the share capital - PRIM NET Broker de Pensii Private - fine of 4% of the share capital - SOLIDARITATEA Broker de Pensii Private - fine of 4% of the share capital - LION Broker de Pensii Private - fine of 4% of the share capital - SMART Broker de Pensii Private - fine of 4% of the share capital - TAK Broker de Pensii Private - fine of 4% of the share capital - MARSHALY Broker de Pensii Private - fine of 3% of the share capital - ASTOP Broker de Pensii Private - fine of 3% of the share capital - CREFO Broker de Pensii Private - fine of 3% of the share capital - SAIMA Broker de Pensii Private - fine of 3% of the share capital - CARPATICA LIFE - Broker de Pensii Private - fine of 3% of the share capital - ALFA Broker de Pensii Private - fine of 3% of the share capital - FAMILLIO Broker de Pensii Private - fine of 3% of the share capital - VS COMPANY Broker de Pensii Private - fine of 3% of the share capital - GRAWE PENSION SERVICES Broker de Pensii Private - fine of 3% of the share capital - RENTABILITATE Broker de Pensii Private - fine of 3% of the share capital - EUROBROCKFIN Broker de Pensii Private - fine of 3% of the share capital - ALLINVEST Broker de Pensii Private - written warning - SITAL Broker de Pensii Private - written warning - PROSPER Broker de Pensii Private - written warning - SEF PENSION Broker de Pensii Private - written warning - BANCA ROMANEASCA - written warning
08.09.2008
