Investor complaints

Definitions

Petition means a request, complaint or notification advising SAI Erste Asset Management S.A. (SAI Erste) of acts which, by their nature, may prejudice the rights and interests of the petitioner, which is executed in writing and lodged at the headquarters of SAI Erste or the offices of distributors, as appropriate, submitted by post, electronic mail or via online systems, whereby the petitioner or the legal representatives thereof acting solely on behalf of the petitioner, with no personal commercial interest, expresses dissatisfaction with regard to the services and investment business conducted SAI Erste, the management of CIUs or the information provided by the company following inquiries received from petitioners.

Petitioner means an individual or legal person who is a SAI Erste client/investor and lodges a petition concerning the services and investment business conducted pursuant to GEO 32/2012 and FSA Regulation no. 9/2014.

Petition resolved in favour of the petitioner means the petition pursuant to which remedial actions have been decided.

Petition resolved against the petitioner means the petition pursuant to which no actions have been decided.

General aspects

All petitions are treated equal and there are no restrictions concerning investors exercising their rights. The persons in charge will respond to each petition using plain and simple language.

On request or when lodging a petition, petitioners are entitled to receive information in writing on the company’s petition handling process.

Submission and general petition handling process

Petitions can be submitted in writing and lodged at the headquarters of SAI Erste or the offices of the distributor - the Romanian Commercial Bank; petitions may be submitted by post, electronic mail or online systems.

Registered office_E-mail address_Identification data of the person/persons in charge with receiving petitions:

SAI Erste Registered office: Strada Uruguay nr. 14, Sector 1, Bucuresti, office@erste-am.ro

Mihnea Bărbulescu - Director Departament Vânzări & Marketing - e-mail:  mihnea.barbulescu@erste-am.ro ; tel.: 0372.269.920

Alina Topală – Customer Service Analyst – e-mail: alina.topala@erste-am.ro; tel.: 0372.269.925

Petitions should provide the following information:

The identification data of the person lodging the petition
The subject of the petition (the service/investment business or information)
The capacity of the person lodging the petition (account holder/agent)
The interest of the person lodging the petition.

Response will be given within 30 days after registration of the petition, regardless of whether the petition is resolved in favour or against the petitioner. If the subject of the petition requires further investigation, the petitioner will be advised of the reasons for the delay/the status of the petition and response will be given within 15 days from expiry of the initial 30 day period.

Petitioners may request information on the status of their petition.

Contact data:

Mihnea Barbulescu – Head of Sales & Marketing Department – e-mail: mihnea.barbulescu@erste-am.ro; tel.: 0372.269.920
Alina Topală – Customer Service Analyst – e-mail: alina.topala@erste-am.ro; tel.: 0372.269.925

If a petition is resolved against the petitioner, SAI Erste will advise the petitioner of its right to resort to competent bodies and authorities and to the amicable dispute resolution proceedings set out in the law.

When no response is received in the period indicated above or when the response is not satisfactory, the petitioner may resort to the following authorities:

Financial Supervisory Authority (FSA) – Bucureşti,Splaiul Independenţei nr. 15, sector 5, 050092, office@asfromania.ro;
National Authority for Consumer Protection (ANPC) - Bucureşti, Bulevardul Aviatorilor nr. 72, sector 1, office@anpc.ro.