The Financial Supervisory Authority (ASF) has contributed to Romania receiving the 24th formal opinion from the OECD Investment Committee, out of the 25 required for accession - marking a major step in strengthening the national investment framework and overall investment climate.
According to a release from the institution, the assessment of the OECD Investment Committee confirms that Romania offers an open, transparent and predictable environment for investors, reflecting the alignment of domestic regulations with international best practices.
ASF notes that, through the regulations and measures adopted for the non-banking financial market, it played an active role, helping build a stable and mature framework suitable for investment liberalisation. Among the progress highlighted are the extension of the investment regime for private pensions in OECD member states and the facilitation of access for insurance intermediaries from third countries through branches authorised by ASF.
"Receiving this formal opinion represents a validation of our efforts to harmonise regulations and institutional practices and a clear signal that Romania offers an attractive environment for capital mobility and foreign investment. It is a particularly important result, given the complexity of the legal instruments involved - the OECD Liberalisation Codes. We see this as confirmation of a coherent and sustainable long-term economic and financial development strategy," said ASF president Alexandru Petrescu.
ASF reaffirms its commitment to supporting the implementation of OECD standards and promoting a competitive and responsible financial framework for the benefit of both the local market and international investors.
The Financial Supervisory Authority, established in 2013 through OUG 93/2012 approved by Law 113/2013, is the national regulator and supervisor for the insurance, private pension and capital markets. ASF contributes to consolidating the integrated operating framework of these three sectors, which together include more than 10 million participants.
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