Regulatory Alerts2018-01-16
Ordinance No. 57 of 16.01.2018 on Requirements for the Annual Report of Occupational Schemes and Data Provision for Foreign Insurers
The Commission for Financial Supervision issued Ordinance No. 57 to establish the mandatory format, content, and submission procedures for annual reports on occupational pension schemes managed by foreign insurers in Bulgaria. The regulation requires pension insurance companies to provide detailed financial data, including accumulated assets, contributions, and fees, in a written and electronically signed format. Recent amendments mandate that all monetary values be reported in euros and specify strict timelines for submitting monthly management data to the supervisory authority.
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