Regulatory Alerts2016-10-21
Ordinance No. 52 of 21.10.2016 on the Procedure and Method for Deducting Fees under Article 201(1)(2)-(3) and Article 256(1)(3) of the Social Security Code Collected by Pension Insurance Companies
The Commission for Financial Supervision issued Ordinance No. 52 to establish the procedures and methods for pension insurance companies to deduct investment and payment fees from managed funds. The regulation defines specific daily and monthly calculation formulas for fees based on net asset values and investment returns, with payments due by the fifth working day of the following month. Recent amendments clarify the scope of applicable funds and adjust fee structures for additional mandatory and voluntary pension schemes.
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