Regulatory Alerts2022-10-14
Decision on Intermediaries of a Voluntary Pension Fund Management Company and Licensing for the Performance of Services of Provision of Information on the Fund
The Executive Board of the National Bank of Serbia issued this Decision to regulate the types of financial institutions that may act as intermediaries for voluntary pension fund management companies and to establish licensing requirements for individuals providing information on these funds. The regulation mandates that intermediaries must be licensed banks or insurance undertakings with specific operational and staffing conditions, while natural persons must pass a professional examination and meet educational and experience criteria to obtain a license. Furthermore, the National Bank of Serbia is required to maintain and publish records of all licensed intermediaries and sales agents, superseding previous decisions on this matter.
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