Market News


FSA Decisions regarding the contestations submitted by BVB

Release Date: 7/18/2017 5:04:05 PM

IRIS Code: 3BBB2

To:      Financial Supervisory Authority                                                                                                                                                                                                                                                                                                                                                      No. 5362/18.07.2017

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51

            Bucharest Stock Exchange – Regulated market

             Fax: 021- 256.92.76


From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)



according to C.N.V.M. Regulation no. 1/2006 on issuers and operations with securities and Law no. 24/2017 on issuers of financial instruments and market operations


Report date: 18 July 2017

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754 

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 76,741,980

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Shares Tier (market symbol: BVB)


Important events to be reported: FSA Decisions regarding the disposal on the contestations against the Decisions no. 235/ February 15, 2017 and no. 238 /February 15, 2017 issued by the FSA following the periodic inspection carried out at the Company


BURSA DE VALORI BUCURESTI S.A. (hereinafter the "Company" or “BVB”) hereby informs that the Financial Supervisory Authority (“FSA’”) admitted the contestation submitted by the Company against the Decision no. 238/February 15, 2017 issued by the FSA following the periodic inspection carried out at the Company, regarding the sanctioning of BVB with notice.


The Decision no. 238/ February 15, 2017 was repealed through FSA Decision no. 934/July 14, 2017.


In addition, the contestation against the Decision no. 235/ February 15, 2017 issued by the Financial Supervisory Authority following the periodic inspection carried out at the Company regarding the imposition for BVB to implement a plan of remedy measures was rejected through FSA Decision no. 932/July 14, 2017.


By May 17, 2017, all the measures disposed by FSA through the plan of remedy measures were implemented by BVB.


Ludwik Sobolewski






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