Regulatory Alerts2009-01-30
Decision on the Structure and Method of Calculating the Capital of a Voluntary Pension Fund Management Company
The Governor of the National Bank of Serbia issued this decision to define the capital structure and calculation methodology for voluntary pension fund management companies. The regulation mandates that capital comprises share capital, reserves, and undistributed profits, while deducting unrealized losses, uncovered losses, purchased own shares, and unpaid subscribed capital. Fund management companies are required to notify the National Bank of Serbia within five days if their capital falls below the dinar equivalent of EUR 1,000,000.
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