* Cătălina Sava, the head of oversight at the ASF, says that this is just a proactive oversight measure
* The small tranche has been oversubscribed 5.4 times, before the last day of the offer
* Daniel Dăianu: "The oversubscriptions in the offer of Romgaz are a slap for people who claimed that the domestic market has no potential"
The ASF has begun an audit of brokers, on the next-to-last day of the Romgaz IPO.
The ASF has surprised the brokerage firms, yesterday, by asking them to urgently present the amount of their equity and their trial balances.
Several voices are saying that the ASF wants to see whether brokerages have overexposed themselves in the Romgaz IPO, by guaranteeing subscriptions for their customers greater than the value of their own equity.
The "inopinate" audit is taking place as the small tranche in the offer of Romgaz is has been oversubscribed five times, as well due to a 38 million Euros order placed yesterday.
Cătălina Sava, Head of the Oversight Department at the ASF has told us that the decision of the ASF to ask the brokerage firms to present within 24 hours the amount of their equity and the trial balances is based on a different oversight philosophy , which includes a proactive component.
Cătălina Sava told us: "The head of oversight makes decisions concerning the manner of evaluation of the information and analyses they receive. I've been in this job for three months now and I have a certain vision, I am trying to change some things, to impose some standards, and it is with that in mind that the decision you are referring to should be judged".
Even though the ASF official is not mentioning any connection to Romgaz, it should not be overlooked that this proactive measure of the ASF comes after an investor placed an order of 168.3 million lei (38 million Euros) on the retail tie
