Bulgarian Association of Asset Management Companies
Acronym: BAAMC
General Information
Identification Code: 882784642093-42
Website: [object Object]
Entity Form: non-profit legal person
Registration Category: Trade and business associations
Registration Date: 4/1/2021
Last Update: 1/26/2024
EP Accredited Number: 0
Mission & Interests
Goals: 1. to support, promote and popularize the activity of the asset management companies in Bulgaria;
2. to consolidate and coordinate the efforts of its members and to uphold and safeguard their professional interests;
3. to work with its members for the upholding of high standards of professionalism, applicable to the asset management activity.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
- Banking and financial services
- Economy, finance and the euro
Levels of Interest:
- national
Activities
Main EU Legislative Proposals: Capital Markets Union, UCITS Directive, AIFMD, PRIIPs, MiFID II and MiFIR, Prospectuses Regulation, MMFR, PEPP, SFDR, SFTR, EMIR, MAR, Investor Compensation Schemes Directive, Takeover Directive, IORP II, AML/CFT legislation, GDPR, Retail Investment Strategy, ESG policies etc.
Communication Activities: Letters to ESMA and EIOPA with regard to the legal regime of the delegation of investment management functions by pension funds to asset management companies. Work with the national and EU regulators with regard to the optimization of the regulation of the distribution of UCITS funds. Rationalization of the AML/CFT regime with regard to facilitation of cross-border transactions and remote establishment of contractual relations. Work with regard to initiatives of EFAMA. Enhanced cooperation with national associations of asset managers from Central and East European countries.
Inter-institutional or Unofficial Groupings: N/A
Head Office
Address: 36 Alabin Street
Post Code: 1301
City: Sofia
Country: BULGARIA
Phone: [object Object]
EU Office
Address: 36 Alabin Street
Post Code: 1301
City: Sofia
Country: BULGARIA
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Membership Information
Members10 Percent: 0
Members25 Percent: 1
Members50 Percent: 0
Members75 Percent: 0
Members: 2
Members F T E: 1.25
Info Members: BAAMC employs only one employee on a full time labor contract and that is the Secretary General. An accountant provides accounting services for a few hours per month. The Chairwoman and the members of the Management Board work pro bono, on a voluntary basis, and do not receive any remuneration or bonuses from BAAMC.
Structure
Structure Type: Structure
Is Member Of: https://baud.bg/members/
Organisation Members: European Fund and Asset Management Association (EFAMA). Ms. Natalia Petrova is member of the Board of Directors of EFAMA.
BAAMC is the current secretary of the Users COmmitee with the Bulgarian Central Securities Depositary.
BAAMC is the new chairman of the National Corporate Governance Commission of Bulgaria.