Regulatory Alerts2011-09-12
Decision on Manner of Conducting Supervision Over a Voluntary Pension Fund Management Company
The Executive Board of the National Bank of Serbia issues this Decision to prescribe the procedures for off-site and on-site supervision of voluntary pension fund management companies. It mandates that companies provide unrestricted access to documents, personnel, and information systems to authorized inspectors while defining specific timelines for reporting irregularities and filing objections. The regulatory framework establishes a graduated enforcement mechanism ranging from written warnings and orders to remove irregularities to the withdrawal of management appointments and revocation of operating licenses for non-compliance.
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