Regulatory Alerts2015-04-30
Regulation on Individual Accounts of Participants
The Board of the Central Bank of the Republic of Kosovo issued this regulation to standardize the maintenance and reporting of individual pension accounts for defined contribution and benefit schemes. Pension entities must deliver free annual statements detailing participant contributions, investment returns, and accumulated balances within three months of the financial year, while providing direct online access and pre-enrollment disclosures on fees, risks, and retirement options. By mandating International Accounting Standards compliance and mandatory website publications of financial reports and regulatory changes, the framework applies to the Kosovo Pension Fund of Savings TRUST, supplementary employer funds, and individual pension providers.