Regulatory Alerts2017-08-17
Decision on the Share of Net Value of Assets of All Voluntary Pension Funds in the Estimated Value of Gross Domestic Product in the Republic of Serbia for 2016
The Executive Board of the National Bank of Serbia issued this decision to establish the cumulative net value of assets for all voluntary pension funds as a percentage of Serbia's 2016 GDP. Based on official statistical data and annual financial statements, the total assets were determined to represent 0.78% of the estimated gross domestic product for that year. The regulation entered into force on the eighth day following its publication in the Official Gazette.
RS Official Gazette, No 77/2017 Pursuant to Article 23, paragraph 2 of the Law on Voluntary Pension Funds and Pension Schemes (RS Official Gazette, Nos 85/2005 and 31/2011), and Article 15, paragraph 1 of the Law on the National Bank of Serbia (RS Official Gazette, Nos 72/2003, 55/2004, 85/2005) – other law 44/2010, 76/2012, 106/2012, 14/2015 and 40/2015 – CC Decision), the Executive Board of the National Bank of Serbia hereby issues the DECISION ON THE SHARE OF NET VALUE OF ASSETS OF ALL VOLUNTARY PENSION FUNDS IN THE ESTIMATED VALUE OF GROSS DOMESTIC PRODUCT IN THE REPUBLIC OF SERBIA FOR 2016
- Based on data on the estimated value of gross domestic product in the Republic of Serbia for 2016 published by the Statistical Office of the Republic of Serbia, the cumulative amount of the net value of assets of all voluntary pension funds, based on annual financial statements of these funds for 2016, is established at 0.78% of that gross domestic product value.
- This Decision shall enter into force on the eighth day following its publication in the RS Official Gazette. NBS Executive Board No 51 10 August 2017 Belgrade Chairperson of the Executive Board of the National Bank of Serbia Governor of the National Bank of Serbia Dr Jorgovanka Tabaković, sign.