The National Securities Commission, (CNVM), the supervision and regulating authority of the capital market in Romania, is seeking around 5.2 million RON (1.25 million euros), asking investment funds and SIFs (Financial Investment Companies) to pay commissions due in the first six months of the year and in advance, offering 5% discount of the sum owed. The commission, which had around 3 million RON left in its accounts at the beginning of 2009, is having cash flow problems. "We are not the only ones who are having financial difficulties at this time. This measure would allow us to avoid problems with paying our employees," CNVM sources said. The commission has budgeted 33.2 million RON (8 million euros) in ordinary revenues and similar expenses, with the biggest expenses being salaries of the over 200 employees, estimated to amount to 26.2 million RON (6.3 million euros) this year. The 200 supervise the activity of only 2,500 employees in brokerage firms, investment funds and SIFs. The average salary anticipated for a CNVM employee in 2010 is around 2,000 euros, almost 17% less than the 2,400 maximum salary in 2007. The main stream of revenue of CNVM is a yearly commission of 0.1% of the value of SIF and investment fund assets, of around 11 billion RON (2.66 billion euros).