Regulatory Alerts2006-04-19
Decision on Risk Control Rules in Operations of the Voluntary Pension Fund Management Company and Voluntary Pension Fund
The Governor of the National Bank of Serbia issued this Decision to mandate risk identification, measurement, and control procedures for voluntary pension fund management companies and funds. The regulation requires companies to establish comprehensive risk management systems addressing market, operational, liquidity, and regulatory compliance risks, including specific quantitative limits and internal control structures. These rules define the responsibilities of competent bodies and management to ensure continuous monitoring, ethical standards, and adequate capitalization to protect fund assets and financial stability.
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