| 17-07-2012 - Guarantee fund |
| Record of Proceedings No. 46 at a non-attendance session of the Governance Committee held on July 04, 2012 The session of the Governance Committee was held under the following Agenda: 1. Adoption of a decision regarding a depository services contract with a depository bank 2. Considering the reference information on the monthly instalments due by the Investment Intermediaries to the GF. 3. Setting the date of the next session. The session proceeded under the separate Agenda items, as follows: Under item 1. A decision was adopted to renew the contract with the depository bank. Under item 2. The reference information prepared by the Secretary General of the GF regarding the monthly installments due by each Exchange member was considered. Following the discussion thereof, the members unanimously approved the amounts of the installments due. Under item 3. A decision was adopted to fix the date of the next session of the GF's Governance Committee on August 08, 2012. Following the exhaustion of the Agenda, the Chair closed the session of the Governance Committee. |
| 17-07-2012 - Guarantee fund |
| Record of Proceedings No. 47 at a non-attendance session of the Governance Committee held on July 10, 2012 The session of the Governance Committee was held under the following Agenda: 1. Adoption of a decision regarding decrease of the monthly installments due by the Investment Intermediaries to the GF. The session proceeded as follows: Under item 1. With respect to the powers granted to the members of the GC of GF by Art. 31, paragraph 3, item 1 of Section II, Chapter Four of Part IV of BSE’s Rules and due to the small value of the monthly payments of the majority of the members, and respectively – the unreasonable service charges for managing the accounts, GC of GF adopted a decision to introduce a requirement for accumulated minimal amount of BGN 10 of due payment on each account for the process of collecting the latter to be activated. GF members will be notified monthly for the accumulated due instalments by BSE’s system for electronic communication Å-corr. Once the due amount reaches BGN 10 the respective accounts of the investment intermediaries will be charged but not less frequently than annually. The charge will be collected in January for the due payments to the GF for December in those cases when the due amounts to the Fund haven’t reached BGN 10. In all other cases the accrual and collection of the due instalments will be done on a monthly basis. This model provides more effective management of GF’s monthly instalments. BSE-Sofia will provide the necessary software solution free of charge. After securing the technological procedure BSE’s members should be notified for the implementation of the above decision as appropriate. Following the exhaustion of the Agenda, the Chair closed the session of the Governance Committee. |
