Regulatory Alerts2012-05-29
Decree of Národná banka Slovenska No 162/2012 on Demonstrating Compliance for Pension Fund Management Company Authorization
Národná banka Slovenska issued Decree No 162/2012 to specify the documentation required to demonstrate compliance with conditions for authorizing the establishment and operation of a pension fund management company. The decree mandates founders, shareholders, nominated management personnel, and depository employees to submit detailed evidence regarding financial standing, fund provenance, professional qualifications, and clean criminal records. It further requires the submission of organizational charts, draft internal regulations, technical system descriptions, and proof of registered office location to satisfy prudential and operational requirements.
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