Ordinance No. 17 of 07.07.2004 on the documents for issuing a permit for the transformation of a pension insurance company and a supplementary pension insurance fund and on the requirements for the liquidation plan, the trustee's plan in case of insolvency, and the plan for structuring the portfolios of sub-funds — FSC — BG

ORDINANCE No. 17 of 07.07.2004 on the documents for issuing a permit for the transformation of a pension insurance company and a supplementary pension insurance fund and on the requirements for the liquidation plan, the trustee's plan in case of insolvency, and the plan for structuring the portfolios of sub-funds (Title amended - SG, issue 73 of 14.08.2026, in force from 01.01.2027) Promulgated - SG, issue 65 of 27.07.2004; amended and supplemented, issue 102 of 05.12.2007, in force from 08.12.2007; amended and supplemented, issue 18 of 27.02.2018, in force from 27.02.2018; amended, issue 41 of 21.05.2019; amended and supplemented, issue 59 of 16.07.2021; amended and supplemented, issue 70 of 20.08.2024; amended and supplemented, issue 73 of 14.08.2026, in force from 01.01.2027. Adopted by Decision No. 25-H of 7.VII.2004 of the Financial Supervision Commission

Section I
General Provisions
Art. 1. (Amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 59 of 2021; supplemented, issue 73 of 2026, in force from 01.01.2027) This ordinance defines:
1.

(amended - SG, issue 59 of 2021) the plan for the transformation of the supplementary pension insurance fund;
(new - SG, issue 59 of 2021) a plan for the transformation of each established fund for making payments - in case of transformation of a universal pension fund;
(previous item 5 - SG, issue 59 of 2021) the report of an auditor meeting the requirements of Art. 262l, para. 2 and 3 of the Commercial Law;
(previous item 6 - SG, issue 59 of 2021) the report of the management body of each company participating in the transformation;
(previous item 7, amended - SG, issue 59 of 2021) the expert assessment of the plans under item 4 and 5, prepared by an independent expert meeting the conditions under Art. 2, para. 3;
(amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 27.02.2018; amended, issue 41 of 2019; previous item 8, amended, issue 59 of 2021; amended, issue 73 of 2026, in force from 01.01.2027) the report of each pension insurance company and each merging and acquiring fund, prepared as of the date under para. 4, item 15 with the content of the monthly reports for supervisory purposes, determined by Ordinance No. 63 of 28.07.2026;
(previous item 9, amended - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(previous item 10, amended - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);;
(new - SG, issue 102 of 2007, in force from 08.12.2007; previous item 12, repealed, issue 41 of 2019; previous item 11, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(new - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(previous item 11, amended and supplemented - SG, issue 102 of 2007, in force from 08.12.2007; previous item 13, supplemented, issue 59 of 2021; supplemented, issue 73 of 2026, in force from 01.01.2027) the amended and supplemented regulations of the acquiring supplementary pension insurance fund and the minutes of the meeting of the respective management body with the decision for its amendment and supplementation;
(new - SG, issue 59 of 2021; amended, issue 73 of 2026, in force from 01.01.2027) the amended and supplemented rules of each acquiring fund for making payments and the minutes of the meeting of the respective management body with the decision for their amendment and supplementation - in case of transformation of a universal pension fund;
(previous item 12, amended - SG, issue 102 of 2007, in force from 08.12.2007; previous item 14, amended, issue 59 of 2021; amended, issue 73 of 2026, in force from 01.01.2027) the actuarial calculations for the proposed pension schemes in each acquiring fund after the transformation;
(previous item 13, amended - SG, issue 102 of 2007, in force from 08.12.2007; previous item 15, amended, issue 59 of 2021; supplemented, issue 70 of 2024) the forms of the insurance and pension contracts of the acquiring fund after the transformation, as well as the forms of the notifications under Art. 340, para. 1 - 3 of the Social Security Code, respectively of the PEPPS contracts;
(previous item 14, amended and supplemented - SG, issue 102 of 2007, in force from 08.12.2007; previous item 16, amended, issue 59 of 2021; amended, issue 70 of 2024) the preliminary trustee services agreement, respectively for depositary services, if a replacement of the trustee bank/depositary of an acquiring fund is envisaged;
(new - SG, issue 102 of 2007, in force from 08.12.2007; previous item 17, issue 59 of 2021) the rules for valuation of the assets and liabilities of the pension insurance company and the funds managed by it after the transformation;
(new - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 27.02.2018; previous item 18, issue 59 of 2021) the internal rules under Art. 179v, para. 1 of the Social Security Code after the transformation;
(new - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 27.02.2018; previous item 19, issue 59 of 2021) the investment policy of the supplementary pension insurance fund after the transformation;
(previous item 15 and item 17, amended - SG, issue 102 of 2007, in force from 08.12.2007; repealed, issue 18 of 2018, in force from 27.02.2018, as previous item 17, amended, issue 18 of 2018, in force from 19.11.2018; previous item 20, amended, issue 59 of 2021) the documents certifying the compliance of the company's information system with the specifics and volume of activity after the transformation;
(previous item 16, amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 19.11.2018; previous item 21, issue 59 of 2021) the statement on the company's staffing.
(2) (Supplemented - SG, issue 59 of 2021) With the decision for the transformation of the supplementary pension insurance fund, the general meeting of shareholders of the company managing the merging fund:
(new - SG, issue 59 of 2021) takes decisions for the transformation of the established funds for making payments - in case of transformation of a universal pension fund;
(previous item 1, amended - SG, issue 59 of 2021) approves the plans under para. 1, items 4 and 5;
(repealed - SG, issue 102 of 2007, in force from 08.12.2007; previous item 2, amended - SG, issue 59 of 2021; amended, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) adopts decisions for termination without liquidation of the supplementary pension insurance fund, as well as of the funds for making payments in case of transformation of a universal pension fund, with explicit indication of each acquiring fund, compliance with the conditions of universal succession in the merger, preservation of the rights of insured persons, PEPPS insured persons, pensioners and PEPPS beneficiaries and for the procedure and method for determining the share exchange ratio for individual accounts as of the date of registration of the transformation in the BULSTAT register;
(3) (Supplemented - SG, issue 59 of 2021) With the decision for the transformation of the supplementary pension insurance fund, the general meeting of shareholders of the company managing the acquiring fund:
(new - SG, issue 59 of 2021) takes decisions for the transformation of the established funds for making payments - in case of transformation of a universal pension fund;
(previous item 1, amended - SG, issue 59 of 2021) approves the plans under para. 1, items 4 and 5;
(repealed - SG, issue 102 of 2007, in force from 08.12.2007, previous item 2, amended, issue 59 of 2021; amended, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) adopts decisions for the merger of the transforming supplementary pension insurance fund, as well as of the funds for making payments in case of transformation of a universal pension fund, into the respective fund managed by it with explicit indication of both funds, compliance with the conditions of universal succession in the merger, preservation of the rights of insured persons, PEPPS insured persons, pensioners and PEPPS beneficiaries from each merging and acquiring fund and for the procedure and method for determining the share exchange ratio for individual accounts as of the date of registration of the transformation in the BULSTAT register;
(4) (Amended - SG, issue 59 of 2021; amended, issue 73 of 2026, in force from 01.01.2027) The transformation plan under para. 1, item 4 must be prepared in writing, signed by the members of the management board or the board of directors of each company participating in the transformation with notarized signatures and must mandatorily contain:
(supplemented - SG, issue 59 of 2021) the name, registered office and management address of the companies managing the merging and acquiring supplementary pension insurance fund;
the name of the merging fund and the respective acquiring fund;
(amended - SG, issue 59 of 2021) any advantage granted to the auditor under para. 1, item 6 or to the members of the management and control bodies of the companies participating in the transformation;
(amended - SG, issue 102 of 2007, in force from 08.12.2007; amended and supplemented, issue 59 of 2021; amended, issue 70 of 2024) guarantees for the preservation of the rights of insured persons, PEPPS insured persons, pensioners and PEPPS beneficiaries in the merging and acquiring fund and the obligations that the companies undertake towards them in connection with the transformation, including the manner and procedure for notifying, in accordance with Art. 340, para. 1 and 2 of the Social Security Code, each insured person, pensioner, insurer and employer about their rights;
(supplemented - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the valuation of the assets and liabilities of the merging and acquiring fund, the net asset value, the total number of units and the value of one unit of each fund, respectively sub-fund;
the procedure and method for determining the share exchange ratio for insured persons and pensioners;
(amended - SG, issue 59 of 2021) the justification of the valuation under item 5, indicating the applied rules for valuation of the assets and liabilities of each fund, as well as the rules that will be adopted after the transformation;
(supplemented - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the composition and structure of the investment portfolio of the merging and acquiring fund, respectively sub-fund, and the return achieved from investing the funds for the last two years;
(supplemented - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the number of insured persons and pensioners in the merging and acquiring fund, respectively sub-fund;
(supplemented - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the total amount of pensions paid and the amount of funds paid by type of pensions for the merging and acquiring fund, respectively for each sub-fund, for a one-year period;
(amended - SG, issue 59 of 2021; supplemented, issue 70 of 2024) the amount of obligations undertaken by the companies towards insured persons, PEPPS insured persons, pensioners, PEPPS beneficiaries and their heirs for the merging and acquiring fund;
(amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 41 of 2019; supplemented, issue 59 of 2021) the total amount of pension reserves formed for the respective supplementary voluntary pension insurance fund in each company participating in the transformation, their compliance with the obligations undertaken towards pensioners and the manner of their management after the transformation;
(repealed - SG, issue 59 of 2021);
(amended - SG, issue 59 of 2021) indication that the data under items 5 and 8 - 12 are determined as of the date under item 15;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the date from which the actions of the companies participating in the transformation are considered to have been performed on behalf of the acquiring fund for accounting purposes and which cannot precede the date of preparation of the transformation plan by more than one month;
(amended - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the data for the trustee banks/depositaries under Art. 214a, para. 9 of the Social Security Code of the merging and acquiring fund and the trustee bank/depositary of the acquiring fund after the transformation;
(amended - SG, issue 70 of 2024; amended, issue 73 of 2026, in force from 01.01.2027) the procedure for transferring monetary funds to an account in the new trustee bank, respectively the depositary under Art. 214a, para. 9 of the Social Security Code, for transferring the dematerialized securities held by the previous trustee bank/depositary in the fund/sub-fund register from its account with it to an account in the new trustee bank/depositary and for handing over the physical securities, ownership documents and other documents related to the execution of the trustee services agreement/depositary services agreement for the merging fund;
(supplemented - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 41 of 2019; repealed, issue 59 of 2021);
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the procedure and manner for transferring the archives of the merging fund and data on the persons responsible for this;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the compatibility of the information systems, the manner in which electronic information exchange will be carried out, and data on the persons responsible for the exchange;
the general accounting policy that will be adopted, as well as the ways to overcome the differences between the accounting policies of the companies participating in the transformation.
(5) (New - SG, issue 59 of 2021; amended, issue 73 of 2026, in force from 01.01.2027) Each plan under para. 1, item 5 must be prepared in writing, signed by the members of the management board or the board of directors of each company participating in the transformation with notarized signatures and must mandatorily contain:
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the names and unified identification codes of the companies managing the merging and acquiring fund for making payments;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the name and BULSTAT code of the merging fund and the respective acquiring fund;
any advantage granted to the auditor under para. 1, item 6 or to the members of the management and control bodies of the companies participating in the transformation;
guarantees for the preservation of the rights of persons receiving payments from the merging and acquiring fund, and the obligations that the companies undertake towards these persons in connection with the transformation, including the manner and procedure for notifying, in accordance with Art. 340, para. 3 of the Social Security Code, each person;
the valuation of the assets and liabilities and the net asset value of the merging and acquiring fund;
the justification of the valuation under item 5, indicating the applied rules for valuation of the assets and liabilities of each fund, as well as the rules that will be adopted after the transformation;
the composition and structure of the investment portfolio of the merging and acquiring fund;
the number of persons receiving payments from the merging and acquiring fund;
the total amount of payments made by type of payments for the merging and acquiring fund for a one-year period;
the amount of obligations undertaken by the companies towards persons receiving payments, by type of payments for the merging and acquiring fund;
indication that the data under items 5 and 7 - 10 are determined as of the date under item 12;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the date from which the actions of the companies participating in the transformation are considered to have been performed on behalf of the acquiring fund for making payments for accounting purposes and which cannot precede the date of preparation of the transformation plan by more than one month;
the data for the trustee banks of the merging and acquiring fund and the trustee bank of the acquiring fund after the transformation;
(amended - SG, issue 73 of 2026, in force from 01.01.2027) the procedure for transferring monetary funds to an account in the trustee bank of the acquiring fund, for transferring the dematerialized securities held by the previous trustee bank of the merging fund in the fund register from its account with it to an account in the new trustee bank of the acquiring fund and for handing over the physical securities, ownership documents and other documents related to the execution of the trustee services agreement for the merging fund;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the procedure and manner for transferring the archives of the merging fund and data on the persons responsible for this;
(supplemented - SG, issue 73 of 2026, in force from 01.01.2027) the compatibility of the information systems, the manner in which electronic information exchange will be carried out, and data on the persons responsible for the exchange;
the general accounting policy that will be adopted, as well as the ways to overcome the differences between the accounting policies of the companies participating in the transformation.
(6) (Previous para. 5, amended - SG, issue 59 of 2021; amended, issue 70 of 2024) The auditor's report under para. 1, item 6 must mandatorily contain an opinion on the guarantees for the preservation of the rights of insured persons, PEPPS insured persons, pensioners and PEPPS beneficiaries in the merging, respectively acquiring, fund and the adequacy of the foreseen procedure and method for determining the share exchange ratio for individual accounts. (7) (Previous para. 6, amended - SG, issue 59 of 2021; supplemented, issue 73 of 2026, in force from 01.01.2027) The report of the management body under para. 1, item 7 includes a detailed legal and economic justification of the transformation plan, data on the appointed auditor and expert under para. 1, items 6 and 8, justification of the reasons necessitating the transformation, justification of the procedure and method for determining the share exchange ratio for insured persons and pensioners in the managed supplementary pension insurance funds, respectively sub-funds, as well as the applied rules for asset valuation of each fund and any difficulties encountered in the valuation. (8) (Previous para. 7, amended and supplemented - SG, issue 59 of 2021) The expert assessment under para. 1, item 8 must contain an opinion on the correct use of the rules by which the assets of each fund were valued, the accuracy of the data for its investment portfolio in the transformation plan and the correctness of the realized return under para. 4, item 8.
Section V
Required documents for obtaining a permit for voluntary termination of a pension insurance company. Requirements for the content of the liquidation plan Art. 6. (Amended and supplemented - SG, issue 102 of 2007, in force from 08.12.2007; amended and supplemented, issue 18 of 2018, in force from 27.02.2018; amended, issue 41 of 2019; amended and supplemented, issue 59 of 2021; amended and supplemented, issue 73 of 2026, in force from 01.01.2027) (1) (Amended - SG, issue 73 of 2026, in force from 01.01.2027) To obtain a permit for voluntary termination under Art. 327 of the Social Security Code, the pension insurance company submits a request to the Commission according to the form in Annex No. 4, to which it attaches:
(repealed - SG, issue 102 of 2007, in force from 01.03.2008)
(repealed - SG, issue 102 of 2007, in force from 01.03.2008)
the decision of the general meeting of shareholders for voluntary termination of the company and for opening liquidation proceedings and the decisions:
a) which determine the term of liquidation, the liquidators and their remuneration; b) which approve the liquidation plan under item 7; c) for the transformation of the funds managed by it, in accordance with Art. 325 of the Social Security Code, including the decisions under Art. 5, para. 2;
the decisions of the general meetings of shareholders of the companies managing the acquiring funds, in accordance with Art. 5, para. 3;
(amended - SG, issue 18 of 2018, in force from 19.11.2018) the request to the Commission for obtaining a permit for the transformation of the managed funds in accordance with Art. 323 of the Social Security Code;
(amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 27.02.2018; amended, issue 59 of 2021) the documents under Art. 5, para. 1, items 3 - 8 and 14 - 23;
the liquidation plan with an annex in accordance with Art. 327, para. 2 of the Social Security Code;
(amended - SG, issue 18 of 2018, in force from 27.02.2018; amended, issue 73 of 2026, in force from 01.01.2027) a report of the terminating company as of the date of the decision for termination under item 3 with the content of the monthly report for supervisory purposes, determined by Ordinance No. 63 of 28.07.2026;
(supplemented - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 18 of 2018, in force from 27.02.2018; amended, issue 41 of 2019; amended, issue 73 of 2026, in force from 01.01.2027) the reports of the transforming and acquiring funds, prepared as of the date under Art. 5, para. 4, item 15 with the content of the monthly reports for supervisory purposes, determined by Ordinance No. 63 of 28.07.2026;
(amended - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(Amended - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(amended - SG, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(new - SG, issue 102 of 2007, in force from 08.12.2007; repealed, issue 73 of 2026, in force from 01.01.2027);
(new - SG, issue 102 of 2007, in force from 08.12.2007; repealed, issue 41 of 2019; new, issue 59 of 2021; repealed, issue 73 of 2026, in force from 01.01.2027);
(previous item 13, amended - SG, issue 102 of 2007, in force from 08.12.2007; amended, issue 73 of 2026, in force from 01.01.2027) data for the liquidator - names (first, middle and last), EGN, respectively personal number or personal number of a foreigner, and address registration, professional experience and qualification, as well as the following documents for him:
a) proof of no conviction under Art. 2, para. 4 of Ordinance No. 60 of 28.07.2026, when the liquidator is not a Bulgarian citizen; b) data on the series and number of the higher education diploma obtained in the country after 31.12.2011; for a higher education diploma obtained in the Republic of Bulgaria, which is issued before 01.01.2012, a certified copy thereof shall be submitted; for a diploma not issued by a higher education institution in the Republic of Bulgaria, the number of the certificate for recognition of the acquired higher education, entered in the register for academic recognition maintained by the National Center for Information and Documentation, shall also be indicated, or a certified copy of the certificate shall be attached; c) a declaration that he has not been declared bankrupt as a merchant and is not in bankruptcy proceedings;

d) a declaration that they have not been a member of a management or control body or an unlimited partner in a company for which bankruptcy proceedings have been initiated, or in a company terminated due to bankruptcy, if creditors remained unsatisfied. (2) The liquidation plan under para. 1, item 7 includes data on the company's assets and liabilities, the procedure for collecting receivables, the procedure for repaying obligations, liquidation costs, other necessary data, as well as an appendix containing:

the procedure and manner, including management, organizational, technical, and other actions for implementing the transformation plans of the managed funds;
(amended - SG, issue 18 of 2018, effective 27.02.2018) the procedure and manner for providing information to the Commission in accordance with Art. 330 of the Social Security Code.
Art. 7. (Amended - SG, issue 18 of 2018, effective 27.02.2018; supplemented, issue 59 of 2021; amended, issue 73 of 2026, effective 01.01.2027) (1) (Amended - SG, issue 18 of 2018, effective 27.02.2018) In case of compulsory termination of a pension insurance company, the liquidator appointed by the court shall submit to the Commission a liquidation plan with content in accordance with Art. 6, para. 2, following the procedure of Art. 331, para. 5 of the Social Security Code. (2) (Supplemented - SG, issue 59 of 2021; amended, issue 73 of 2026, effective 01.01.2027) In the cases under para. 1, the transformation plans for the funds shall be prepared based on contracts concluded by the liquidator with other pension insurance companies for merger into funds managed by them of the respective funds of the company. The transformation plans shall be signed by the liquidator and by the members of the management board or the board of directors of the acquiring companies and shall be in the form and content in accordance with Art. 5, paras. 4 and 5.

Section VI
Requirements for the content of the trustee's plan in case of insolvency of a pension insurance company Art. 8. (Amended - SG, issue 18 of 2018, effective 27.02.2018; supplemented, issue 59 of 2021) (1) (Amended - SG, issue 18 of 2018, effective 27.02.2018) In case of insolvency of a pension insurance company, the trustee shall submit to the Commission a plan for the merger of the managed funds into corresponding funds of other companies, following the procedure of Art. 336, para. 1 of the Social Security Code. (2) The trustee's plan must include:

the procedure and manner, including management, organizational, technical, and other actions, for implementing the transformation plans of the managed funds;
(amended - SG, issue 18 of 2018, effective 27.02.2018) the procedure and manner for providing information to the Commission in accordance with Art. 330 of the Social Security Code.
(3) (Supplemented - SG, issue 59 of 2021) In the case under para. 1, the transformation plans for the funds shall be prepared based on contracts concluded by the trustee with other pension insurance companies for merger into funds managed by them of the respective funds of the company. The transformation plans shall be signed by the trustee and by the members of the management board or the board of directors of the acquiring companies and shall be in the form and content in accordance with Art. 5, paras. 4 and 5.

Section VII
(New - SG, issue 73 of 2026, effective 18.08.2026) Requirements for the plan for structuring the portfolios of sub-funds in a universal pension fund, a supplementary voluntary pension insurance fund, and a voluntary pension fund for PEPP Art. 9. (New - SG, issue 73 of 2026, effective 18.08.2026) (1) The plan for structuring the portfolios of sub-funds in a universal pension fund, a supplementary voluntary pension insurance fund, and a voluntary pension fund for PEPP shall be prepared with content in accordance with Annex No. 5. (2) In case of significant changes in market conditions or the value of the fund's assets, the pension insurance company shall update the plan under para. 1 and submit it to the Commission by the end of the business day following the adoption of the changes therein. ADDITIONAL PROVISIONS § 1. (Amended - SG, issue 102 of 2007, effective 08.12.2007; supplemented, issue 70 of 2024; amended, issue 73 of 2026, effective 01.01.2027) "Share exchange ratio" is a financial mechanism by which, upon transformation of supplementary mandatory pension insurance funds, supplementary voluntary pension insurance funds, and supplementary voluntary pension insurance funds under professional schemes, the number of shares in the individual accounts of insured persons and pensioners is recalculated, while the amount of accumulated funds in the same accounts does not change after the recalculation of the number of shares. TRANSITIONAL AND FINAL PROVISIONS § 2. Procedures for obtaining a permit for the transformation of pension insurance companies and supplementary pension insurance funds, as well as procedures for obtaining a permit for voluntary termination of pension insurance companies, initiated before the entry into force of this ordinance, shall be completed in compliance with the requirements of the ordinance. § 3. (Amended - SG, issue 73 of 2026, effective 01.01.2027) The ordinance is issued on the basis of Art. 214a, para. 3, item 3, Art. 214b, para. 2, item 3 and Art. 343 of the Social Security Code and § 180, para. 1, item 2, letter "c" in connection with § 192 of the transitional and final provisions of the Law on Amendment and Supplement to the Social Security Code (SG, issue 27 of 2026) and was adopted by Decision No. 25-N of 7.VII.2004 of the Financial Supervision Commission. § 4. The Financial Supervision Commission shall provide instructions for the application of the ordinance.
Annex No. 1
to Art. 2, para. 1
(New - SG, issue 73 of 2026, effective 01.01.2027) TO THE FINANCIAL SUPERVISION COMMISSION REQUEST for obtaining a permit for the transformation of pension insurance companies by merger or acquisition from

_____________________________________________________________________ ,
UIC _________________,
(name of pension insurance company) managed and represented by _________________ , PIN/LN/LNC/date of birth ________________, (names) (date of birth is indicated only if no other identifier is available) ________________________________________ PIN/LN/LNC/date of birth ____________________, (names

____________________,
(names) (date of birth is specified only if no other identifier is available) ______________________________________, EGN/LN/LNCH/date of birth ____________________, (names) (date of birth is specified only if no other identifier is available) The data in item 2 are filled in only when part of the property of the company in item 1 passes to another company. by [] SEPARATION of part of the property of the company in item 1, as 5 the separated part will be acquired by the receiving pension insurance company in item 2 (separation by acquisition); 5 the separated part will pass to a newly established company (separation by establishment) _________________________________________________________________________ _______________________; (name of the newly established pension insurance company) [] DIVISION of the company in item 1, as 5 part of its property will be acquired by the receiving pension insurance company in item 2 (division by acquisition); 5 the following newly established company (division by establishment) _________________________________________________________________________ _______________________ (name of the newly established pension insurance company) and for the issuance of a pension license to the respective newly established company The supplementary pension funds and payment funds managed by the companies in items 1 and 2 will be transformed as follows, and their management will be taken over as follows:
_________________________________________________________________________ _____________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ _____________________ _________________________________________________________________________ _______________________ _________________________________________________________________________ _______________________ (describe the method of transformation of each pension fund and the name of the pension insurance company to which it passes – receiving and/or newly established) Attached documents:

[] Decision of the general meeting of shareholders of each transforming or receiving company under Article 262o of the Commercial Code (CC) for its transformation by division or separation, including decisions under Article 4(1)(2) of Order No. 17 of 7.07.2004. [] Transformation Agreement (when property of the transforming company and the management of funds established by it pass to existing pension insurance companies). [] Transformation Plan (when property of the transforming company and the management of funds established by it pass to newly established pension insurance companies). [] Permit from the Commission for Protection of Competition (when property of the transforming company and the management of funds established by it pass to existing pension insurance companies). [] Report of the management body of each company participating in the transformation under Article 262i of the CC. [] Auditor's report under Article 262m of the CC, including the opinion under Article 2(1)(5) of Order No. 17 of 7.07.2004. [] Expert assessment of the correct use of the rules by which the assets of the funds were valued, for the accuracy of the data on investment portfolios for the realized yield. [] Declarations from the persons who carried out the expert assessment that they meet the requirements of Article 2(3) of Order No. 17 of 7.07.2004. [] Reports of the company and the funds managed by it as of the date under Article 3(13) of Order No. 17 of 7.07.2004. [] Templates of notifications under Article 340(1) and (2) of the Social Security Code (SSC) to the insured, PEPP insured, pensioners, PEPP beneficiaries, and insurers regarding the transformation. For the newly established company:
[] Articles of Association.
[] Decision of the supervisory board on the election of the management board and decision of the respective management body on the manner in which the company will be represented and the persons who will represent it. [] Rules of procedure for the management and supervisory boards, respectively – rules of procedure for the board of directors. [] Business Plan. [] Rules for the management of risks related to the company's activity and the funds managed by it. [] Internal Control Rules. [] Operational Control Rules. [] Internal Audit Rules. [] Rules for public disclosure and provision of information to the supervisory authority, the insured persons, and the PEPP insured persons. [] Rules for personal transactions.

[] Rules for the identification and prevention of conflicts of interest.
[] Rules for relations with insurance intermediaries and with external contractors with whom contracts for the performance of certain activities will be concluded.
[] Rules for the valuation of assets and liabilities of the pension insurance company and of the funds managed by it.
[] Rules for actuarial activity.
[] The remuneration policy for persons under Article 123o(1) of the SSC.
[] Accounting policy of the pension insurance company and of the funds managed by it.
[] Policy for the identification of related parties under Article 123e(4)(9) of the SSC.
[] Evidence of completed higher education (for each member of the management and control bodies, the procurist, and the representatives).
[] Documents certifying professional experience (for each member of the management board, the board of directors, and the procurist).
[] Evidence of no criminal record (for a member of a management or control body or procurist who is not a Bulgarian citizen).
[] Declarations in connection with Article 121d(5)(4)–(12) and (9) of the SSC (for a member of a management and control body, representing a legal entity – member of a control body, and procurist – Appendix No. 20 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121d(5)(5)–(8) and (10)–(12) and (9) of the SSC (for a legal entity – member of the control body; Appendix No. 21 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121d1, Article 2(2)(2) and (3) of the SSC (from independent members – Appendix No. 22 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121e(1) and (2) of the SSC (from the persons who will manage the company – Appendix No. 2 to Order No. 60 of 28.07.2026). 5 Data on the company's information system. 5 List of shareholders. 5 Certificate of current legal status (for a legal entity – shareholder, registered abroad). 5 Document from an authority exercising specialized financial supervision (for a financial institution outside the EU and EEA). 5 Declarations in connection with Article 121b(2) and Article 121v(3) of the SSC from shareholders (from direct shareholders regardless of the percentage of participation – Appendix No. 3 to Order No. 60 of 28.07.2026 for a natural person and Appendix No. 4 to Order No. 60 of 28.07.2026 for a legal entity that is not an international organization). 5 Declarations on circumstances concerning qualified participation in the capital of the pension insurance company (Appendix No. 15 to Order No. 60 of 28.07.2026 for a natural person, Appendix No. 16 to the same order for a legal entity that is not an international organization, and Appendix No. 17 to the same order for an international organization). 5 Certificate or other similar document establishing and paid tax

and insurance obligations for the last three years (for a person tax resident in a foreign country).
5 Declaration on established and paid tax and insurance obligations for the last 3 years in free text (for a person tax resident in another country where a certificate on established and paid tax and/or insurance obligations is not issued). 5 Annual financial reports for the last three years and a financial report for the last quarter preceding the submission of the application. 5 Information on the group to which the legal entity belongs. [] Information on credit rating. [] Reference on professional qualification and experience. [] Description of the activity of the legal entity. [] Articles of Association/analogous founding document (for a legal entity or analogous formation that is not registered in the commercial register and in the register of non-profit legal entities in Bulgaria). [] Evidence of no criminal record (for a person who is not a Bulgarian citizen and holds a qualified participation or represents a legal entity with qualified participation). [] Reference on staffing. For the receiving company:
[] Business Plan.
[] Internal Control Rules.
[] List of shareholders.
[] Certificate of current legal status (for a legal entity – shareholder, registered abroad).
[] Document from an authority exercising specialized financial supervision (for a financial institution outside the EU and EEA).
[] Data on the company's information system.
[] Decision of the supervisory board on the election of the management board and decision of the respective management body on the manner in which the company will be represented and the persons who will represent it (in case of changes in management and control bodies). [] Rules of procedure for the management and supervisory boards, respectively – rules of procedure for the board of directors (in case of changes in management and control bodies). [] Evidence of completed higher education (for a new member of the management and control bodies or procurist). [] Documents certifying professional experience (for a new member of the management and control bodies or procurist). [] Evidence of no criminal record (for a new member of the management and control bodies or procurist who is not a Bulgarian citizen). [] Declarations in connection with Article 121d(5)(4)–(12) and (9) of the SSC (in case of changes in management and control bodies – for a member of a management and control body, representing a legal entity – member of a control body, and procurist – Appendix No. 20 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121d(5)(5)–(8) and (10)–(12) and (9) of the SSC (in case of changes in management and control bodies – for a legal entity – member of the control body; Appendix No. 21 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121d1, Article 2(2)(2) and (3) of the SSC (in case of changes in management and control bodies – from independent members – Appendix No. 22 to Order No. 60 of 28.07.2026). [] Declarations in connection with Article 121e(1) and (2) of the SSC (in case of changes in the persons who will manage and represent the company – Appendix No. 2 to Order No. 60 of 28.07.2026). [] Reference on staffing. For the funds carrying out activity after the transformation:
[] Rules on the organization and activity of the managed supplementary pension funds after the transformation.
[] Rules of each payment fund after the transformation.
[] Decisions of the competent management bodies of the companies on the adoption of the rules on the organization and activity of the pension funds and the rules of the payment funds, respectively – amendments and additions to them. [] Actuarial calculations for the proposed pension schemes in each fund after the transformation. [] Templates of insurance and pension contracts, respectively PEPP contracts, for each fund after the transformation. [] Draft contracts with investment intermediaries and contracts with trustee banks, respectively depositaries, for activity after the transformation. 5 Rules for the valuation of assets and liabilities of the pension insurance company and of the funds managed by it after the transformation. [] Internal rules under Article 179v(1) of the SSC after the transformation. [] Investment policy of the supplementary pension fund after the transformation. 5 Other documents at the discretion of the companies submitting the application:
_________________________________________________________________________ ________________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ ________________________ (describe additional submitted documents) We wish to receive the decision of the Commission for Financial Supervision in the following manner:
(mark your preference in one of the boxes)
[_] at the registry of the Commission;

[] through a licensed postal operator at the correspondence address of the company; [] through the Secure Electronic Delivery Information System as a module of the E-Government Portal within the meaning of the Electronic Governance Act.

(name of pension insurance company)
Date: _____________ Represented by: ___________________________________ (names, signature) Date: _____________ Represented by: ___________________________________ (names, signature)
2. ______________________________________________________________________

(name of pension insurance company)
Date: _____________ Represented by: ___________________________________ (names, signature) Date: _____________ Represented by: ___________________________________ (names, signature) The Commission for Financial Supervision processes the personal data of the persons representing legal entities and other natural persons for whom you provide information, in compliance with applicable regulatory requirements for the performance of its statutory powers. You can obtain additional information on this matter at www.fsc.bg. Instructions for filling in and submitting the application

According to Article 317(1) of the SSC, prior permission from the Commission for Financial Supervision is required for the transformation of pension insurance companies.
If as a result of the transformation more than one newly established company is created or parts of the property of the transforming company pass to more than one receiving company, fields with data for each newly established, respectively each receiving company, are added to the application. The required documents are submitted for each newly established company.
By marking with "X" or "ü" in the respective columns, the method of transformation and the documents attached to the application are indicated.
The application and the declarations attached to it are submitted in original on paper or as an electronic document signed with a qualified electronic signature. The remaining documents are submitted in original or as a certified copy.
Copies are certified with the text or stamp "True to original" and the first and last name, and signature of the person making the certification, unless a notarial certification is required or has been performed. Copies on electronic media are considered certified by signing them with a qualified electronic signature or by attaching them to an electronic message signed with a qualified electronic signature.
Documents in a foreign language must be accompanied by a legalized translation into Bulgarian, unless the document is drawn up simultaneously in Bulgarian and a foreign language. In case of discrepancy between the texts in the original and the translation or in the document in Bulgarian and in a foreign language, the translation or the text in Bulgarian is accepted as correct.
In addition to the documents specified in the template, the companies participating in the transformation may, at their discretion, submit additional documents.
According to Article 322(2), the Deputy Chairman of the Commission for Financial Supervision, heading the "Insurance Supervision" Directorate, may require the elimination of inconsistencies with the law and/or the provision of additional information and documents.
Appendix No. 3
to Article 5(1)
(New - State Gazette, No. 73 of 2026, effective from 01.01.2027) TO THE COMMISSION FOR FINANCIAL SUPERVISION APPLICATION for obtaining a permit for the transformation of a supplementary pension fund and a payment fund from

__, EIK _________________,
(name of pension insurance company) managed and represented by _______________________________________, EGN/LN/LNCH/date of birth ________________________, (names) (date of birth is specified only if no other identifier is available) _______________________________________, EGN/LN/LNCH/date of birth ______________________, (names) (date of birth is specified only if no other identifier is available) and
2. ______________________________________________________________, EIK
_______________________,
(name of pension insurance company) managed and represented by _______________________________________, EGN/LN/LNCH/date of birth ________________________, (names) (date of birth is specified only if no other identifier is available) ______________________________________, EGN/LN/LNCH/date of birth ____________________, (names) (date of birth is specified only if no other identifier is available) by [] MERGER of _________________________________________________________________________ _, EIK _________________, (name of the fund being merged into another fund) into _________________________________________________________________________ _, EIK _________________, (name of the fund into which another fund is merged) (additional lines are added if necessary) 5 MERGER of _________________________________________________________________________ , EIK _________________, (name of the fund merging with another fund) and _________________________________________________________________________ , EIK _________________, (name of the fund merging with another fund) as a result of which a _________________________________________________________________________ _______________________, (name of the newly established fund) is established which will be managed by ________________________________________________________________________ (name of the company that will manage the newly established fund) Attached documents:
[] Decision on the merger of the supplementary pension fund and the payment funds, adopted by the general meeting of shareholders of each pension insurance company participating in the transformation.
[] Permit from the Commission for Protection of Competition for the merger or consolidation.

[] Transformation Plan for the supplementary pension fund.
[] Transformation Plan for each established payment fund (in the transformation of a universal pension fund).
[] Auditor's report meeting the requirements of Article 262l(2) and (3) of the CC.
[] Report of the management body of each company participating in the transformation.
[] Expert assessment of the transformation plans for the supplementary pension funds and payment funds.
[] Report of each company and each merging and receiving fund as of the date under Article 5(4)(15) of Order No. 17 of 7.07.2004.
[] Amended and supplemented rules of the receiving supplementary pension fund.
[] Amended and supplemented rules of each receiving payment fund (in the transformation of a universal pension fund).
[] Protocol from the meeting of the respective management body with the decisions on amendments and additions to the rules of the receiving fund and the rules of the payment funds.
[] Actuarial calculations for the proposed pension schemes in each receiving fund after the transformation.
[] Templates of insurance and pension contracts of the receiving fund after the transformation, respectively of the PEPP contracts.
[] Preliminary contract for trustee services, respectively for depositary services (if the replacement of the trustee bank/depositary of the receiving fund is planned).
[] Rules for the valuation of assets and liabilities of the pension insurance company and of the funds managed by it after the transformation.
[] Internal rules under Article 179v(1) of the Social Security Code (SSC) after the transformation.
[] Investment policy of the supplementary pension fund after the transformation.
[] Documents certifying the compliance of the company's information system with the specifics and volume of activity after the transformation.
[] Reference on the staffing of the company.
[] Templates of notifications under Article 340(1) and (2) of the SSC to the insured, PEPP insured, pensioners, PEPP beneficiaries, and insurers regarding the transformation.
5 Other documents at the discretion of the company/companies submitting the application:

_________________________________________________________________________ ______________________ _________________________________________________________________________ ______________________ (describe additional submitted documents) We wish to receive the decision of the Commission for Financial Supervision in the following manner:
(mark your preference in one of the boxes)
[] at the registry of the Commission;
[] through a licensed postal operator at the correspondence address of the company; [_] through the Secure Electronic Delivery Information System as a module of the E-Government Portal within the meaning of the Electronic Governance Act.

(name of pension insurance company)
Date: _____________ Represented by: ___________________________________ (names, signature) Date: _____________ Represented by: ___________________________________ (names, signature)
2. ______________________________________________________________________

(name of pension insurance company)
Date: _____________ Represented by: ___________________________________ (names, signature) Date: _____________ Represented by: ___________________________________ (names, signature) The Commission for Financial Supervision processes the personal data of the persons representing legal entities and other natural persons for whom you provide information, in compliance with applicable regulatory requirements for the performance of its statutory powers. You can obtain additional information on this matter at www.fsc.bg. Instructions for filling in and submitting the application

According to Article 323(1) of the SSC, prior permission from the Commission for Financial Supervision is required for the transformation of pension insurance companies.
By marking with "X" or "ü" in the respective columns, the method of transformation and the documents attached to the application are indicated.
The application and the declarations attached to it are submitted in original on paper or as an electronic document signed with a qualified electronic signature. The remaining documents are submitted in original or as a certified copy.
Copies are certified with the text or stamp "True to original" and the first name, surname, and signature of the person making the certification, unless a notarial certification is required or has been performed. Copies on electronic media of the documents are considered certified by signing them with a qualified electronic signature or by attaching them to an electronic message signed with a qualified electronic signature.
Documents in a foreign language must be accompanied by a legalized translation into Bulgarian, unless the document is drawn up simultaneously in Bulgarian and a foreign language. In case of discrepancy between the texts in the original and the translation or in the document in Bulgarian and in a foreign language, the translation or the text in Bulgarian is accepted as correct.
In addition to the documents specified in the sample, the companies participating in the procedure may, at their discretion, submit additional documents.
According to Art. 323, para. 3, the Deputy Chairman of the Commission for Financial Supervision, heading the "Insurance Supervision" Department, may require additional documents.

Appendix No. 4
to Art. 6, para. 1
(New - State Gazette, No. 73 of 2026, effective from 01.01.2027)

TO
THE COMMISSION FOR FINANCIAL SUPERVISION
APPLICATION for obtaining a permit for the voluntary termination of a pension insurance company

The undersigned
_______________________________________, EGN/Personal ID/Foreigner ID/Date of Birth ________________________ (names) (Date of birth is specified only if no other identifier is available)

The undersigned
_______________________________________, EGN/Personal ID/Foreigner ID/Date of Birth ________________________, (names) (Date of birth is specified only if no other identifier is available)

in our capacity as representing
_________________________________________________________________, EIK __________________________, (name of the pension insurance company)

We request that a permit for the voluntary termination of the pension insurance company represented by us be issued in accordance with Art. 327 of the Social Security Code (SSC).

The supplementary pension funds and payment funds managed by the company represented by us will be merged into funds of the same type, managed by the following pension insurance companies:
_________________________________________________________________________ ________________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ ______________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ ______________________ _________________________________________________________________________ ________________________ (for each fund, specify into which fund it is merged and which pension insurance company manages it)

Attached documents:
[] Resolution of the general meeting of shareholders for the voluntary termination of the company and for opening liquidation proceedings, including resolutions under Art. 6, para. 1, item 3 of Ordinance No. 17 of 7.07.2004 g. [] Resolutions of the general meetings of shareholders of the companies managing the receiving funds according to Art. 5, para. 3 of Ordinance No. 17 of 7.07.2004 g. [] Application to the Commission for obtaining a permit for the transformation of the managed funds according to Art. 323 of the Social Security Code (SSC) (according to the sample in Appendix No. 3 to Ordinance No. 17 of 7.07.2004 g.). [] Permit from the Commission for the Protection of Competition for the merger of the funds. [] Plan for the transformation of the supplementary pension fund. [] Plan for the transformation of each established payment fund. [] Report of an auditor meeting the requirements of Art. 262l, para. 2 and 3 of the Commercial Act. [] Report of the management body of each company participating in the transformation. [_] Expert assessment of the plans for the transformation of supplementary pension funds and payment funds.

[] Amended and supplemented regulations of the receiving supplementary pension funds.
[] Amended and supplemented rules of each receiving payment fund.
[] Protocol from the meeting of the respective management body with the decisions on amendments and supplements to the regulations of the receiving funds and the rules of the payment funds.
[] Actuarial calculations for the proposed pension schemes in each receiving fund after the transformation.
[] Samples of insurance and pension contracts of the receiving funds after the transformation, respectively of PEPP contracts.
[] Preliminary contract for trustee services, respectively for custodial services (if the replacement of the trustee/custodian bank of the receiving fund is envisaged).
[] Rules for the valuation of assets and liabilities of the pension insurance company and of the funds managed by it after the transformation.
[] Internal rules under Art. 179v, para. 1 of the SSC after the transformation.
[] Investment policy of the receiving supplementary pension funds.
[] Documents certifying the compliance of the company's information system with the specifics and volume of activity after the transformation.
[] Report on the staffing of the company.
[] Samples of notifications under Art. 340, para. 1 and 2 of the SSC to the insured, PEPP insured, pensioners, PEPP beneficiaries, and insurers regarding the transformation.
[] Liquidation plan with an appendix according to Art. 327, para. 2 of the SSC.
[] Report of the terminating company as of the date of the decision on termination under Art. 6, para. 1, item 3 of Ordinance No. 17 of 7.07.2004 g.
[_] Reports of the transforming and receiving funds as of the date under Art. 5, para. 4, item 13 of Ordinance No. 17 of 7.07.2004 g.

For the liquidator:
[] data on names, unified civil number (respectively personal number or foreigner personal number), registered address, professional experience and qualification); [] proof of absence of conviction under Art. 2, para. 4 of Ordinance No. 60 of 2026 for documents necessary for issuing a pension license, permits and approvals under the Social Security Code (when not a Bulgarian citizen); [] proof of higher education; [] declaration in free text that no merchant has been declared bankrupt and is not in bankruptcy proceedings; [_] declaration in free text that they have not been a member of a management or supervisory body or an unlimited liability partner in a company for which bankruptcy proceedings have been opened, or in a company terminated due to bankruptcy if creditors remain unsatisfied;

5 Other documents at the discretion of the company submitting the application:
_________________________________________________________________________ ________________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ ______________________ _________________________________________________________________________ ________________________ _________________________________________________________________________ ______________________ _________________________________________________________________________ ________________________ (describe additional submitted documents)

We wish to receive the decision of the Commission for Financial Supervision in the following manner: (Please indicate your preference in one of the squares.):
[] in the registry office of the Commission;
[] through a licensed postal operator at the address of the company for correspondence; [_] in the company's profile registered in the Secure Electronic Delivery Information System as a module of the Electronic Government Portal within the meaning of the Electronic Management Act.

Date: _____________ Representing: ___________________________________ (names, signature) Date: _____________ Representing: ___________________________________ (names, signature)

The Commission for Financial Supervision processes the personal data of the persons representing the company and other natural persons for whom you provide information, in compliance with the applicable regulatory requirements for the performance of its statutory powers. Additional information on this matter can be obtained at www.fsc.bg.

Instructions for filling out and submitting the application

According to Art. 326, para. 1 of the SSC, prior permission from the Commission for Financial Supervision is required for the voluntary termination of pension insurance companies.
By marking "X" or "ü" in the corresponding columns, the method of transformation and the documents attached to the application are indicated.
The application and the declarations attached to it are submitted in original on paper or as an electronic document signed with a qualified electronic signature. The remaining documents are submitted in original or as a certified copy.
Copies are certified with the text or stamp "True to original" and the first name, surname, and signature of the person making the certification, unless a notarial certification is required or has been performed. Copies on electronic media of the documents are considered certified by signing them with a qualified electronic signature or by attaching them to an electronic message signed with a qualified electronic signature.
Documents in a foreign language must be accompanied by a legalized translation into Bulgarian, unless the document is drawn up simultaneously in Bulgarian and a foreign language. In case of discrepancy between the texts in the original and the translation or in the document in Bulgarian and in a foreign language, the translation or the text in Bulgarian is accepted as correct.
In addition to the documents specified in the sample, the company may, at its discretion, submit additional documents.
According to Art. 328, para. 2, the Deputy Chairman of the Commission for Financial Supervision, heading the "Insurance Supervision" Department, may require the submission of additional information and documents.

Appendix No. 5
to Art. 9
(New - State Gazette, No. 73 of 2026, effective from 18.08.2026)

Plan for the structuring of sub-fund portfolios in
...............................................................................................................................
............................................................................
(name of the supplementary pension fund)

Planned distribution of persons and their account funds as of ................................. year.

Number of persons in the fund	Amount of funds in accounts of persons in euro
Balanced sub-fund ….................................... sub-fund	…................................. sub-fund	…................................. sub-fund
Number of persons	Amount of funds in accounts of persons in euro	Number of persons	Amount of funds in accounts of persons in euro	Number of persons	Amount of funds in accounts of persons in euro

Planned distribution of assets in the sub-fund portfolio as of ..................................... year.

Debt financial instruments planned to be distributed in the balanced sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Total Nominal Value	Valuation in corresponding currency in euro	Price per 1 nominal	Market Value (in euro)

Debt financial instruments planned to be distributed in …..................... sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Total Nominal Value	Valuation in corresponding currency in euro	Price per 1 nominal	Market Value (in euro)

Debt financial instruments planned to be distributed in …....................... sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Total Nominal Value	Valuation in corresponding currency in euro	Price per 1 nominal	Market Value (in euro)

Equity financial instruments planned to be distributed in the balanced sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Number of FI	Valuation Price per 1 FI	Market Value (in euro)

Equity financial instruments planned to be distributed in ……………….. sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Number of FI	Valuation Price per 1 FI	Market Value (in euro)

Equity financial instruments planned to be distributed in ………………….. sub-fund

Type of financial instrument	Issue Code (ISIN)	Issuer	EIK of Issuer	Number of FI	Valuation Price per 1 FI	Market Value (in euro)

Bank deposits planned to be distributed in the balanced sub-fund

Bank	Contract/Annex No.	Date of Contract/Annex	Principal	Value in euro, including interest in corresponding currency in euro

Bank deposits planned to be distributed in …............................ sub-fund

Bank	Contract/Annex No.	Date of Contract/Annex	Principal	Value in euro, including interest in corresponding currency in euro

Bank deposits planned to be distributed in …............................ sub-fund

Bank	Contract/Annex No.	Date of Contract/Annex	Principal	Value in euro, including interest in corresponding currency in euro

Real estate planned to be distributed in the balanced sub-fund

Description of real estate	Document certifying ownership (Notarial Act No.)	Location of real estate - address	Real Estate Identifier	Fair Value in euro

Real estate planned to be distributed in …............................ sub-fund

Description of real estate	Document certifying ownership (Notarial Act No.)	Location of real estate - address	Real Estate Identifier	Fair Value in euro

Real estate planned to be distributed in …............................ sub-fund

Description of real estate	Document certifying ownership (Notarial Act No.)	Location of real estate - address	Real Estate Identifier	Fair Value in euro

Repo/Reverse Repo contracts planned to be distributed in the balanced sub-fund

Type of transaction (repo/reverse repo)	Counterparty to the transaction	Type of financial instrument, subject of the transaction	Issue Code (ISIN)	Number of financial instruments, subject of the transaction	Total Nominal Value	Valuation of repo/reverse repo in euro in corresponding currency in euro

Repo/Reverse Repo contracts planned to be distributed in …........................... sub-fund

Type of transaction (repo/reverse repo)	Counterparty to the transaction	Type of financial instrument, subject of the transaction	Issue Code (ISIN)	Number of financial instruments, subject of the transaction	Total Nominal Value	Valuation of repo/reverse repo in euro in corresponding currency in euro

Repo/Reverse Repo contracts planned to be distributed in …........................... sub-fund

Type of transaction (repo/reverse repo)	Counterparty to the transaction	Type of financial instrument, subject of the transaction	Issue Code (ISIN)	Number of financial instruments, subject of the transaction	Total Nominal Value	Valuation of repo/reverse repo in euro in corresponding currency in euro

Futures and options planned to be distributed in the balanced sub-fund

Future/Option (put or call)	Position on financial instrument - long/short	Contract Date	Contract Volume	Number of Contracts	Total Value in euro

Futures and options planned to be distributed in ….................. sub-fund

Future/Option (put or call)	Position on financial instrument - long/short	Contract Date	Contract Volume	Number of Contracts	Total Value in euro

Futures and options planned to be distributed in …........................ sub-fund

Future/Option (put or call)	Position on financial instrument - long/short	Contract Date	Contract Volume	Number of Contracts	Total Value in euro

Forward contracts planned to be distributed in the balanced sub-fund

Position on contract - long/short	Counterparty	Contract Date	Currency Pair	Contract Volume in base currency	Contract Value in euro

Forward contracts planned to be distributed in …................................... sub-fund

Position on contract - long/short	Counterparty	Contract Date	Currency Pair	Contract Volume in base currency	Contract Value in euro

Forward contracts planned to be distributed in …......................................... sub-fund

Position on contract - long/short	Counterparty	Contract Date	Currency Pair	Contract Volume in base currency	Contract Value in euro

Interest rate swap contracts planned to be distributed in the balanced sub-fund

Position on contract - long/short	Counterparty	Contract Date	Contract Volume	Contract Value in euro

Interest rate swap contracts planned to be distributed in ….......................... sub-fund

Position on contract - long/short	Counterparty	Contract Date	Contract Volume	Contract Value in euro

Interest rate swap contracts planned to be distributed in ….......................... sub-fund

Position on contract - long/short	Counterparty	Contract Date	Contract Volume	Contract Value in euro

Receivables planned to be distributed in the balanced sub-fund

Description of receivable	Type of asset from which the receivable arises	Value of receivable in euro

Receivables planned to be distributed in …........................... sub-fund

Description of receivable	Type of asset from which the receivable arises	Value of receivable in euro

Receivables planned to be distributed in …................... sub-fund

Description of receivable	Type of asset from which the receivable arises	Value of receivable in euro

Liabilities planned to be distributed in the balanced sub-fund

Description of liability	Type of asset from which the liability arises	Value of liability in euro

Liabilities planned to be distributed in …....... sub-fund

Description of liability	Type of asset from which the liability arises	Value of liability in euro

Liabilities planned to be distributed in …....... sub-fund

Description of liability	Type of asset from which the liability arises	Value of liability in euro

Cash funds planned to be distributed in the balanced sub-fund

Currency Type	Value in corresponding currency	Equivalent in euro

Cash funds planned to be distributed in …....... sub-fund

Currency Type	Value in corresponding currency	Equivalent in euro

Cash funds planned to be distributed in …....... sub-fund

Currency Type	Value in corresponding currency	Equivalent in euro

Notes:

If necessary, additional columns are added in the table for the distribution of persons and their funds by sub-funds and in the table for each type of asset for each subsequent sub-fund.
When no transfer of assets of a certain type is planned in any sub-fund, no table for the corresponding type of asset is submitted for that sub-fund.

Persons representing the pension insurance company managing the supplementary pension fund:
Date: _____________ 1: ___________________________________ (names, signature) Date: _____________ 2: ___________________________________ (names, signature)

Transitional and Final Provisions to the Ordinance on Amendment and Supplement of Ordinance No. 61 of 2018 on the Requirements for Advertising and Written Informational Materials and Web Pages of Pension Insurance Companies (State Gazette, No. 41 of 21.05.2019)

§ 14. In Ordinance No. 17 of 2004 on the documents necessary for issuing a permit for the transformation of a pension insurance company and a supplementary pension fund and on the requirements for the plans under Art. 327, para. 1, item 3 and Art. 336, para. 1 of the Social Security Code (published, State Gazette, No. 65 of 2004; amended and supplemented, No. 102 of 2007 and No. 18 of 2018), the following amendments are made:

In Art. 2, para. 1, the following amendments are made:
a) item 8 is amended as follows:
"8. the financial statements of the company and the funds managed by it, with the components under Art. 29, para. 9 of the Accounting Act, prepared as of the date under Art. 3, item 12;" b) in item 10, after the words "for calculating and declaring the value of one share", a comma is placed and "for calculating and comparing the yield from investment properties" is added; c) item 12 is deleted.
In Art. 3, the following amendments are made:
a) in item 9, the words "and technical" are deleted; b) in item 15, the words "as well as the procedure and manner for the transfer of assets for covering technical reserves under Art. 213a SSC" and the comma before them are deleted.
In Art. 4, para. 1, item 6, the words "Art. 2, para. 1, items 4 - 12 and 14 - 23" are replaced with "Art. 2, para. 1, items 4 - 11 and 14 - 23".
In Art. 5, the following amendments are made:
a) in para. 1, the following amendments are made:
aa) in item 8, the words "as well as the financial report under Art. 11 of Ordinance No. 36" and the comma before them are deleted; bb) item 12 is deleted; b) in para. 4, the following amendments are made:
aa) in item 12, the words "and technical" are deleted; bb) in item 18, the words "as well as the procedure and manner for the transfer of assets for covering technical reserves under Art. 213a SSC" and the comma before them are deleted.
In Art. 6, para. 1, the following amendments are made:

a) In item 9, the words "as well as the financial report under Art. 11 of Ordinance No. 36" and the comma preceding them are deleted; b) Item 14 is repealed.

Transitional and Final Provisions to ORDINANCE No. 10 of 29.06.2021 on the Requirements for the Solvency Margin and Own Funds of the Pension Insurance Company, its Rehabilitation Program, and the Minimum Liquid Funds of the Company and the Funds Managed by It (State Gazette, No. 59 of 16.07.2021)

§ 4. In Ordinance No. 17 of 7.07.2004 on the Documents Required for Issuing Permission for the Transformation of a Pension Insurance Company and a Fund for Additional Pension Insurance and on the Requirements for the Plans under Art. 327, Para. 1, Item 3 and Art. 336, Para. 1 of the Social Security Code (published, State Gazette, No. 65 of 2004; amended and supplemented, No. 102 of 2007, No. 18 of 2018, and No. 41 of 2019), the following changes and additions are made:

In Art. 1, item 1, the words "and funds for additional pension insurance" are replaced with "and the funds for additional pension insurance managed by them and funds for making payments".
In Art. 2, the following changes and additions are made:
a) In Para. 1:
aa) In item 2, letter "g", after the word "shares", the words "by individual units" are added; bb) In item 5, the words "their shares" are replaced with "shares by individual units"; cc) In item 6, the words "managed funds and for the realized yield for each fund" are replaced with "managed funds for additional pension insurance and funds for making payments and for the realized yield for each fund for additional pension insurance"; dd) In item 8, the words "Art. 3, item 12" are replaced with "Art. 3, item 13"; ee) Item 9 is amended as follows:
"9. the reports under Art. 10, Para. 1 of Ordinance No. 10 of 29.06.2021 on the Requirements for the Solvency Margin and Own Funds of the Pension Insurance Company, its Rehabilitation Program, and the Minimum Liquid Funds of the Company and the Funds Managed by It (Ordinance No. 10) (State Gazette, No. 59 of 2021), prepared as of the date under Art. 3, item 13;" ff) Item 10 is amended as follows:
"10. the reports under Art. 23, Para. 1 and 2 of Ordinance No. 9 of 2003 on the Method and Procedure for Valuation of Assets and Liabilities of the Pension Insurance Company and the Funds Managed by It, on the Net Asset Value of the Funds, on the Calculation and Announcement of the Value of One Share, on the Calculation and Comparison of Yield from Investment Properties, and on the Requirements for Keeping Individual Units and Analytical Accounts in a Fund for Deferred Payments (Ordinance No. 9) (State Gazette, No. 109 of 2003) for each managed fund, prepared as of the date under Art. 3, item 13;" gg) A new item 12 is created:
"12. the reports on the reserves for guaranteeing gross contributions for each universal pension fund in accordance with Art. 5 of Ordinance No. 68 of 10.06.2021 on the Reserves of Pension Insurance Companies for Guaranteeing the Gross Amount of Contributions in Universal Pension Funds (Ordinance No. 68) (State Gazette, No. 52 of 2021);" hh) In item 15, the words "Para. 4, item 5" are replaced with "Para. 4, item 6"; ii) In item 16, after the words "managed funds", the words "for additional pension insurance" are added; jj) A new item 17 is created:
"17. the rules of each fund for making payments after the transformation and the decisions on their amendment or adoption;" kk) The current item 17 becomes item 18 and is amended as follows:
"18. the actuarial calculations for the proposed pension schemes in each fund after the transformation, the biometric tables for each fund for additional voluntary pension insurance after the transformation, and the personal data of the responsible actuary of the company;" ll) The current item 18 becomes item 19 and in it the words "Para. 1 and 2" are replaced with "Para. 1 - 3"; mm) The current items 19 - 23 become respectively items 20 - 24; b) In Para. 2, item 3 is amended as follows:
"3. the procedure and method for determining the ratio of replacement of shares by individual units of insured persons and pensioners in the managed funds for additional pension insurance as of the date of transformation under Art. 263z, Para. 1 of the Commercial Act, the methods for valuing the assets of the funds for additional pension insurance and funds for making payments and the difficulties in valuation, if any have arisen."
In Art. 3, the following changes and additions are made:
a) In item 1, the words "Para. 1" are replaced with "Para. 1 - 3"; b) In item 2, the words "total number of shares and the value of one share" are replaced with "as well as the total number of shares and the value of one share for each fund for additional pension insurance"; c) In item 3, after the word "shares", the words "by individual units" are added; d) In item 4, the word "rules" is replaced with "applied rules", and the words "of each" are replaced with "of each"; e) In item 5, the words "its funds" are replaced with "the funds of each fund for additional pension insurance"; f) In item 9, after the words "corresponding funds", the words "for additional voluntary pension insurance" are added; g) A new item 10 is created:
"10. the total amount of reserves formed in each company participating in the transformation for guaranteeing the payment of life annuities for the corresponding funds for payment of life annuities, their compliance with the obligations assumed towards pensioners, and the method of their management after the transformation;" h) The current item 10 becomes item 11 and in it after the words "Art. 193, Para. 8", the words "and 193a, Para. 1" are added; i) The current item 11 becomes item 12 and in it the number "10" is replaced with "11", and the number "12" is replaced with "13"; j) The current items 12 - 14 become respectively items 13 - 15; k) The current item 15 becomes item 16 and in it the words "pension reserves" are replaced with "reserves under Art. 192, Para. 2, Art. 193, Para. 8, Art. 193a, Para. 1 and Art. 213, Para. 2 of the Social Security Code"; l) The current items 16 - 19 become respectively items 17 - 20.
In Art. 4, Para. 1, the following changes and additions are made:
a) In item 2, letter "b", after the words "replacement of shares", the words "by individual units" are added, and after the words "managed fund", the words "for additional pension insurance" are added; b) In item 6, the words "items 4 - 11 and 14 - 23" are replaced with "items 4 - 12 and 14 - 24".
In the title of Section IV, after the words "pension insurance", the words "and fund for making payments" are added.
In Art. 5, the following changes and additions are made:
a) In Para. 1:
aa) In item 2, after the words "injection of the fund", the words "for additional pension insurance and of the funds for making payments" are added; bb) In item 4, at the end, the words "for additional pension insurance" are added; cc) A new item 5 is created:
"5. a plan for the transformation of each established fund for making payments - in the case of transformation of a universal pension fund;" dd) The current items 5 and 6 become respectively items 6 and 7; ee) The current item 7 becomes item 8 and in it the words "the plan for the transformation of the fund" are replaced with "the plans under items 4 and 5"; ff) The current item 8 becomes item 9 and in it the words "of the merging" are replaced with "each merging"; gg) The current item 9 becomes item 10 and is amended as follows:
"10. the reports under Art. 10, Para. 1 of Art. 10, Para. 1 of Ordinance No. 10 of each company and of each merging and accepting fund as of the date under Para. 4, item 15;" hh) The current item 10 becomes item 11 and is amended as follows:
"11. the reports under Art. 23, Para. 1 and 2 of Ordinance No. 9 of the merging and accepting fund for additional pension insurance as of the date under Para. 4, item 15;" ii) The current item 11 becomes item 12; jj) A new item 13 is created:
"13. the reports on the reserves for guaranteeing gross contributions for each universal pension fund in accordance with Art. 5 of Ordinance No. 68;" kk) The current item 13 becomes item 14 and in it after the words "accepting fund", the words "for additional pension insurance" are added; ll) A new item 15 is created:
"15. the amended and supplemented rules of each accepting fund for making payments and the protocol from the meeting of the respective management body with the decision on its amendment - in the case of transformation of a universal pension fund;" mm) The current item 14 becomes item 16 and is amended as follows:
"16. the actuarial calculations for the proposed pension schemes in each accepting fund and the biometric tables of the accepting fund for additional voluntary pension insurance after the transformation;" nn) The current item 15 becomes item 17 and in it the words "Para. 1 and 2" are replaced with "Para. 1 - 3"; oo) The current item 16 becomes item 18 and in it the word "accepting" is replaced with "accepting"; pp) The current items 17 - 19 become respectively items 19 - 21; qq) The current item 20 becomes item 22 and in it the words "the activity related to the management of the accepting fund" are replaced with "the activity after the transformation"; rr) The current item 21 becomes item 23; b) In Para. 2:
aa) In the main text, after the word "fund", the words "for additional pension insurance" are added; bb) A new item 1 is created:
"1. takes decisions on the transformation of established funds for making payments - in the case of transformation of a universal pension fund;" cc) The current item 1 becomes item 2 and is amended as follows:
"2. approves the plans under Para. 1, items 4 and 5;" dd) The current item 2 becomes item 3 and is amended as follows:
"3. takes decisions on the termination without liquidation of the fund for additional pension insurance, as well as of the funds for making payments in the case of transformation of a universal pension fund, with explicit indication of each accepting fund, compliance with the conditions of universal succession upon merger, preservation of the rights of insured persons and pensioners, and on the procedure and method for determining the ratio of replacement of shares by individual units as of the date of registration of the transformation in the register under Art. 148, Para. 1 or Art. 221, Para. 1 of the Social Security Code;" c) In Para. 3:
aa) In the main text, after the word "fund", the words "for additional pension insurance" are added; bb) A new item 1 is created:
"1. takes decisions on the transformation of established funds for making payments - in the case of transformation of a universal pension fund;" cc) The current item 1 becomes item 2 and is amended as follows:
"2. approves the plans under Para. 1, items 4 and 5;" dd) The current item 2 becomes item 3 and is amended as follows:
"3. takes decisions on the merger of the transforming fund for additional pension insurance, as well as of the funds for making payments in the case of transformation of a universal pension fund, into the respective managed fund, with explicit indication of the two funds, compliance with the conditions of universal succession upon merger, preservation of the rights of insured persons and pensioners of each merging and accepting fund, and on the procedure and method for determining the ratio of replacement of shares by individual units as of the date of registration of the transformation in the register under Art. 148, Para. 1 or Art. 221, Para. 1 of the Social Security Code;" d) In Para. 4:
aa) In the main text, the words "of the fund" are deleted; bb) In item 1, at the end, the words "for additional pension insurance" are added; cc) In item 3, the words "item 5" are replaced with "item 6"; dd) In item 4, the words "including the procedure and method for notifying the guarantees for the preservation of the rights of insured persons and pensioners and the obligations assumed by the parties to them in connection with the transformation" and the comma after them are deleted, and after the words "Para. 1", the words "and 2" are added; ee) In item 7, the words "the rules for valuation of assets and liabilities of each company participating in the transformation" are replaced with "the applied rules for valuation of assets and liabilities of each fund"; ff) In item 11, the words "by type of payments" are deleted; gg) In item 12, after the words "corresponding fund", the words "for additional voluntary pension insurance" are added; hh) Item 13 is repealed; ii) In item 14, the number "13" is replaced with "12"; jj) Item 18 is repealed; e) A new Para. 5 is created:
"(5) Each plan under Para. 1, item 5 must be prepared in written form, signed by the members of the management board or board of directors of each company participating in the transformation with notarized certification of the signatures of the authorized persons, and must necessarily contain:
1. the names of the companies managing the merging and accepting fund for making payments;
2. the name of the merging fund and the corresponding accepting fund;
3. any advantage granted to the auditor under Para. 1, item 6 or to the members of the management and control bodies of the companies participating in the transformation;
4. the guarantees for the preservation of the rights of persons receiving payments from the merging and from the accepting fund, and the obligations assumed by the companies towards these persons in connection with the transformation, including the procedure and method for notification in accordance with Art. 340, Para. 3 of the Social Security Code of each person;
5. the valuation of assets and liabilities and the net asset value of the merging and of the accepting fund;
6. the justification of the valuation under item 5, indication of the applied rules for valuation of assets and liabilities of each fund, as well as the rules that will be adopted after the transformation;
7. the composition and structure of the investment portfolio of the merging and of the accepting fund;
8. the number of persons receiving payments from the merging and from the accepting fund;
9. the total amount of payments made by type of payments for the merging and for the accepting fund for a one-year period;
10. the amount of obligations assumed by the companies towards persons receiving payments, by type of payments for the merging and for the accepting fund;
11. indication that the data under items 5 and 7 - 10 are determined as of the date under item 12;
12. the date from which the actions of the companies participating in the transformation are deemed to have been carried out for the account of the accepting fund for making payments for accounting purposes, which cannot precede by more than one month the date of the transformation plan;
13. the data on the trustee banks of the merging and of the accepting fund and the trustee bank of the accepting fund after the transformation;
14. the procedure for transferring monetary funds to an account in the new trustee bank, for transferring the held non-cash securities by the register of the fund from its account at the former trustee bank to an account in the new trustee bank, and for handing over the cash securities, ownership documents, and other documents related to the execution of the trustee service contract for the merging fund;
15. the procedure and method for transferring the archives of the merging fund and the persons responsible for this;
16. the compatibility of the information systems, the method by which the electronic exchange of information will be carried out, and the persons responsible for the exchange;
17. the general accounting policy that will be adopted, as well as the methods for overcoming the differences between the accounting policies of the companies participating in the transformation.";
  f) The current Para. 5 becomes Para. 6 and in it the words "item 5" are replaced with "item 6", and the words "their shares" are replaced with "shares by individual units"; g) The current Para. 6 becomes Para. 7 and in it the words "item 6" are replaced with "item 7", the words "items 5 and 7" are replaced with "items 6 and 8", and the words "funds, as well as the rules for valuation of assets of the fund" are replaced with "funds for additional pension insurance, as well as the applied rules for valuation of assets of each fund"; h) The current Para. 7 becomes Para. 8 and in it the words "item 7" are replaced with "item 8", the word "fund" is replaced with "each fund", and at the end, the words "under Para. 4, item 8" are added.
In Art. 6, Para. 1, the following changes and additions are made:
a) In item 6, the words "items 3 - 7 and 13 - 21" are replaced with "items 3 - 8 and 14 - 23"; b) In item 10, the words "on the amount of own capital and on the liquid funds of the company in accordance with Art. 8, item 1" are replaced with "under Art. 10, Para. 1, item 1"; c) Item 11 is amended as follows:
"11. reports under Art. 10, Para. 1, items 2 and 3 of Ordinance No. 10 for the transforming and accepting funds as of the date under Art. 5, Para. 4, item 15;" d) In item 12, the words "reports on the net asset value, on the number of shares and on the value of one share in accordance with Art. 23, Para. 1" are replaced with "reports under Art. 23, Para. 1 and 2"; e) A new item 14 is created:
"14. the reports on the reserves for guaranteeing gross contributions for each universal pension fund in accordance with Art. 5 of Ordinance No. 68;" f) In item 15, letter "a", at the end, a comma is placed and the words "when the applicant is not a Bulgarian citizen" are added.
In Art. 7, Para. 2, after the words "Para. 4", the words "and 5" are added.
In Art. 8, Para. 3, after the words "Para. 4", the words "and 5" are added.

Transitional and Final Provisions to the Ordinance on Amendment and Supplement of Ordinance No. 63 of 8.11.2018 on the Requirements for the Content, Periodicity of Preparation, and Deadlines for Submission of Reports for Supervisory Purposes of Pension Insurance Companies and the Funds Managed by Them (State Gazette, No. 70 of 20.08.2024)

§ 15. In Ordinance No. 17 of 7.07.2004 on the Documents Required for Issuing Permission for the Transformation of a Pension Insurance Company and a Fund for Additional Pension Insurance and on the Requirements for the Plans under Art. 327, Para. 1, Item 3 and Art. 336, Para. 1 of the Social Security Code (published, State Gazette, No. 65 of 2004; amended and supplemented, No. 102 of 2007, No. 18 of 2018, No. 41 of 2019, and No. 59 of 2021), the following changes and additions are made:

In Art. 2, Para. 1:
a) In item 5, the words "insured persons and pensioners" are replaced with "insured persons, persons insured under PEPP, pensioners, and PEPP beneficiaries"; b) Item 6 is amended as follows:
"6. the expert assessment on the correct use of the rules by which the assets of the funds were valued, on the accuracy of the data on the investment portfolios of the managed funds for additional pension insurance, respectively the sub-funds in voluntary pension funds for PEPP, and of the funds for making payments, and on the realized yield for each fund for additional pension insurance/sub-fund separately, contained in the transformation contract, as well as a declaration that the experts meet the requirements under Para. 3;" c) In item 10, the words "Ordinance No. 9 of 2003 on the Method and Procedure for Valuation of Assets and Liabilities of the Pension Insurance Company and the Funds Managed by It, on the Net Asset Value of the Funds, on the Calculation and Announcement of the Value of One Share, on the Calculation and Comparison of Yield from Investment Properties, and on the Requirements for Keeping Individual Units and Analytical Accounts in a Fund for Deferred Payments" are replaced with "Ordinance No. 9 of 19.11.2003 on the Valuation of Assets and Liabilities of the Pension Insurance Company and the Funds Managed by It, on the Calculation of the Net Asset Value, of One Share, and of the Yield from Investment Properties, and on the Keeping of Individual Units, Accounts for Pan-European Pension Product (PEPP), and Analytical Accounts in a Fund for Deferred Payments"; d) In item 19, after the word "contracts", a comma is placed, the words "respectively PEPP contracts" are added, and a comma is placed; e) In item 20, after the words "trustee banks", a comma is placed, the words "respectively depositaries under Art. 214a, Para. 4 of the Social Security Code" are added, and a comma is placed.
In Art. 3:
a) In item 1, the words "persons and pensioners" are replaced with "persons, persons insured under PEPP, pensioners, and PEPP beneficiaries", and the word "insured" is deleted; b) Item 2 is amended as follows:
"2. valuation of assets and liabilities of each fund managed by a participant in the transformation, net asset value of the fund, respectively of each sub-fund in voluntary pension funds for PEPP, as well as total number of shares and value of one share for each fund for additional pension insurance, respectively sub-fund;" c) Items 5 - 8 are amended as follows:
"5. composition and structure of the investment portfolio of each fund managed by the parties to the contract, respectively sub-fund in voluntary pension funds for PEPP, and the achieved yield from investing the funds of each fund for additional pension insurance, respectively sub-fund, for the last two years;
6. number of insured persons and pensioners in each fund managed by the parties, respectively sub-fund;
7. total amount of paid pensions and amount of paid funds by type of pensions for each fund managed by the parties to the contract, respectively sub-fund, for a one-year period;
8. amount of obligations assumed by the parties to the contract towards insured persons, persons insured under PEPP, pensioners, PEPP beneficiaries, and their heirs, by type of payments for each managed fund, respectively sub-fund;"
d) Items 14 and 15 are amended as follows:
"14. data on the trustee banks/depositaries under Art. 214a, Para. 4 of the Social Security Code of the funds managed by each party to the contract, and the trustee banks/depositaries of the funds after the transformation;
15. procedure for transferring monetary funds and transferring non-cash securities to accounts in the new trustee banks/depositaries under Art. 214a, Para. 4 of the Social Security Code, and for handing over the cash securities, ownership documents, and other documents related to the execution of the trustee service contract, respectively for depositary services, for each fund managed by the parties;".
In Art. 4, Para. 2, the words "Para. 4" are replaced with "Para. 5".
In Art. 5:
a) In Para. 1:
aa) In item 17, at the end, a comma is placed, the words "respectively of PEPP contracts" are added, and a comma is placed; bb) Item 18 is amended as follows:
"18. the preliminary contract for trustee services, respectively for depositary services, if the replacement of the trustee bank/depositary of the accepting fund is provided;" b) In Para. 2, item 3 and Para. 3, item 3, the words "persons and pensioners" are replaced with "persons, persons insured under PEPP, pensioners, and PEPP beneficiaries"; c) In Para. 4:
aa) In item 4, the words "persons and pensioners" are replaced with "persons, persons insured under PEPP, pensioners, and PEPP beneficiaries"; bb) In item 5, at the end, a comma is placed and the words "respectively sub-fund in voluntary pension funds for PEPP" are added; cc) In items 8 and 9, after the word "fund", a comma is placed, the words "respectively sub-fund in voluntary pension funds for PEPP" are added, and a comma is placed; dd) In item 10, after the word "fund", a comma is placed, the words "respectively for each sub-fund of voluntary pension funds for PEPP" are added, and a comma is placed;

dd) in item 11, after the word "persons", a comma is inserted and "PEPP-insured persons" is added, and after "pensioners", a comma is inserted and "PEPP beneficiaries" is added;

ee) items 16 and 17 are amended as follows:

"16. data on the trustee/depositary banks under Article 214a, paragraph 4 of the Social Security Code (SSC) of the merging and receiving fund and the trustee/depositary bank of the receiving fund after the transformation;

the procedure for transferring monetary funds to an account in the new trustee bank, respectively depositary under Article 214a, paragraph 4 of the SSC, for the transfer of non-cash securities held by the former trustee/depositary bank via the fund/sub-fund registry from its account to an account in the new trustee/depositary bank, and for the handover of cash securities, ownership documents, and other documents related to the performance of the trustee services agreement/depositary services agreement for the merging fund;"

g) in paragraph 6, the words "persons and pensioners" are replaced with "persons, PEPP-insured persons, pensioners, and PEPP beneficiaries".

In § 1 of the supplementary provisions, after the word "supplementary", "mandatory" is added, and after the word "security", a comma is inserted and "fund for supplementary voluntary pension security and fund for supplementary voluntary pension security under occupational schemes" is added.
Everywhere in the ordinance, the word "commission" is replaced with "the Commission".

Lineage: In force

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