Financial Supervision Commission
- Company typePrivate
- Founded2003
- HeadquartersSofia, Bulgaria
- Headcount101–250
- GTM typeB2B
- OfferingServices
Financial Supervision Commission firmographics
Firmographics- Name
- Financial Supervision Commission
- Legal name
- Комисия за финансов надзор (Financial Supervision Commission)
- Website
- https://fsc.bg
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Financial Supervision Commission industry classification
Industry- Product category
- Financial Market Regulation
- NAICS
- Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)
- akta.pro secondary industries
- Financial Risk, Controls & Audit (Public Sector) (BPAIAEAH), Data Protection, Privacy & Cybersecurity Regulators (BPAIAOAH)
Keywords
Where Financial Supervision Commission is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices1 record
Markets served
Financial Supervision Commission business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Distribution channels3 records
Marketing channels5 records
Financial Supervision Commission product offering
Product offeringCore offering
The Financial Supervision Commission regulates and oversees Bulgaria's non-bank financial sector, providing unified supervisory authority over investment activities, insurance activities, and social security/pension insurance activities. It delivers statutory regulatory services including licensing, prospectus approvals, supervision of investment firms/insurers/pension funds/crypto asset service providers, out-of-court consumer dispute resolution, and statutory qualification examinations, supported by the ЕИС electronic information system and FinTech Innovation Hub.
Product overview
The Financial Supervision Commission (Комисия за финансов надзор) is Bulgaria's integrated financial regulator overseeing investment, insurance, and pension sectors. It operates not as a product company but as a regulatory authority offering a suite of e-services and public registries through its digital platform. The core digital infrastructure consists of the E-I Portal (Единна информационна система) for supervised entity reporting, a FinTech Innovation Hub for regulatory guidance, and multiple public registers including crypto asset providers, insurance intermediary training organizations, and collective investment schemes. Supporting services include consumer protection programs (Invest Safely Campaign), financial literacy initiatives (Digital Academy, Your Finances), and the T+1 settlement transition program.
Differentiator
Problem solved
Functional benefit
Products and services
- Electronic Information System Portal (ЕИС / Е-I Portal) Electronic portal (accessed via eis.fsc.bg) providing supervised entities with access to submit regulatory reports, notifications, and documents to the FSC; serves as the core digital infrastructure for regulatory filing across investment, insurance, and pension sectors.
- FinTech Innovation Hub Sandbox-style advisory program for financial technology companies to test innovative products while receiving regulatory guidance from the FSC; part of the Financial Innovations division.
- Crypto Asset Services Registry Official public register of licensed crypto asset service providers operating in Bulgaria under MiCAR regulations.
- Insurance Intermediary Training Organizations Register Register of organizations authorized to provide professional training for insurance brokers in Bulgaria.
- Collective Investment Schemes and UCITS Register Register of collective investment schemes and management companies from the European Union operating in Bulgaria.
- Out-of-Court Dispute Resolution Service Statutory dispute resolution service for financial consumers through reconciliation committees, handling complaints against supervised financial entities.
- Statutory Qualification Examinations Statutory examinations administered by the FSC for insurance and pension intermediaries to obtain professional qualifications required to operate in the Bulgarian market.
Quantifiable outcome
- Bond issuance approvals enabling capital raising - e.g., 3 million euro ITF Group bond issue, 11.25 million euro 7K Corporation bond issue
Companies that use Financial Supervision Commission
Customer profileSegments5 records
Ideal customer profiles5 records
Financial Supervision Commission technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Financial Supervision Commission partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- European Securities and Markets Authority (ESMA)coreEU-level regulatory coordination in securities and capital markets; ESMA issues guidelines and recommendations that FSC implements in Bulgaria; joint oversight of cross-border financial activities
- European Insurance and Occupational Pensions Authority (EIOPA)coreEU-level coordination for insurance and pension fund supervision; EIOPA guidelines and supervisory standards implementation in Bulgarian insurance and pension sectors
- Organisation for Economic Co-operation and Development (OECD)coreParticipation in OECD Insurance and Private Pensions Committee and Financial Markets Committee for international regulatory standards
- Financial CommissionminorExternal dispute resolution services for financial market participants; transparency and industry-driven recognition in finance sector
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Financial Supervision Commission competitors and assessment
Company assessmentDirect peers
- FINMA (Financial Market Supervisory Authority): Switzerland's integrated financial regulator supervising banking, insurance, securities, and pensions. Comparable as a non-EU peer operating a unified multi-sector supervisory model.
- Financial Conduct Authority (FCA): UK's integrated financial regulator overseeing conduct across securities, insurance, and pensions markets. Highly comparable as a single-authority model supervising multiple non-bank financial sectors with strong digital reporting infrastructure.
- AFM (Autoriteit Financiële Markten): Netherlands' financial markets regulator with conduct-of-business oversight. Comparable as an EU national authority focused on securities markets supervision and investor protection.
- BaFin (Federal Financial Supervisory Authority of Germany): Germany's integrated financial regulator supervising banks, insurance, securities, and asset management. Comparable as a multi-sector unified supervisor within the EU framework and peer to FSC in ESMA/EIOPA coordination.
- CSSF (Commission de Surveillance du Secteur Financier): Luxembourg's integrated financial supervisor for banking, insurance, and securities. Comparable as a small-jurisdiction EU regulator with a unified oversight model similar to FSC.
- CNMV (Comisión Nacional del Mercado de Valores): Spain's securities markets regulator. Comparable as an EU national regulator coordinating with ESMA on investment supervision, prospectus approvals, and investor protection.
- Autorité des Marchés Financiers (AMF): France's financial markets regulator overseeing securities, investment firms, and market infrastructure. Directly comparable as an EU national securities regulator with FinTech innovation initiatives.
- Finanstilsynet (Danish Financial Supervisory Authority): Denmark's integrated financial regulator covering banking, insurance, securities, and pensions. Comparable as a small-country EU integrated supervisor with FinTech oversight.
- CONSOB (Commissione Nazionale per le Società e la Borsa): Italy's securities regulator. Comparable as an EU national authority supervising investment firms, prospectuses, and corporate disclosures, with strong consumer/investor protection mandate.
Broad incumbents
- ESMA (European Securities and Markets Authority): Pan-EU securities regulator that coordinates with FSC and other national authorities. Relevant as the overarching EU body whose standards FSC implements and which shapes Bulgaria's securities regulatory environment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Financial Supervision Commission social profiles
Digital presenceFinancial Supervision Commission financial estimates
Financial estimateRevenue estimate
Valuation estimate
Financial Supervision Commission leadership team
Management profileNumber of profiles
Profiles1 record
Financial Supervision Commission funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Financial Supervision Commission M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Financial Supervision Commission
What does Financial Supervision Commission do?
The Financial Supervision Commission regulates and oversees Bulgaria's non-bank financial sector, providing unified supervisory authority over investment activities, insurance activities, and social security/pension insurance activities. It delivers statutory regulatory services including licensing, prospectus approvals, supervision of investment firms/insurers/pension funds/crypto asset service providers, out-of-court consumer dispute resolution, and statutory qualification examinations, supported by the ЕИС electronic information system and FinTech Innovation Hub.
Is Financial Supervision Commission a public or private company?
Financial Supervision Commission is a private company. It is classified as state government owned and is currently operating.
When was Financial Supervision Commission founded?
Financial Supervision Commission was founded in 2003. It employs 101 to 250 people.
Where is Financial Supervision Commission based?
Financial Supervision Commission is headquartered in Sofia, Bulgaria, in the Europe region.
Who are Financial Supervision Commission's main competitors?
Direct peers on record are FINMA (Financial Market Supervisory Authority), Financial Conduct Authority (FCA), AFM (Autoriteit Financiële Markten), BaFin (Federal Financial Supervisory Authority of Germany), CSSF (Commission de Surveillance du Secteur Financier), CNMV (Comisión Nacional del Mercado de Valores), Autorité des Marchés Financiers (AMF), Finanstilsynet (Danish Financial Supervisory Authority) and CONSOB (Commissione Nazionale per le Società e la Borsa). ESMA (European Securities and Markets Authority) is listed as a broad incumbent.
Does Financial Supervision Commission have an API?
No public API is recorded for Financial Supervision Commission.
What industry is Financial Supervision Commission in?
Financial Supervision Commission's product category is Financial Market Regulation. Its primary akta.pro industry code is BPAIAOAK, Financial Services Regulators (Banking, Securities, Insurance), with a secondary code of BPAIAEAH, Financial Risk, Controls & Audit (Public Sector). Its NAICS code is 92615 and its SIC code is 6199.