Regulatory Alerts2017-08-15
Decision on the Method of Calculation of Fees Charged by a Voluntary Pension Fund Management Company
The Executive Board of the National Bank of Serbia issued this Decision to establish the calculation methods for fees charged by voluntary pension fund management companies. It defines three fee types: contribution fees set by the company, management fees capped at 1.25% of net asset value, and exit fees based on actual transfer costs. The regulation mandates specific notification and publication procedures for fee changes and requires monthly electronic reporting of calculated fees to the National Bank of Serbia.
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