Regulatory Alerts2014-11-28
Decision on Opening, Maintaining and Transfer of Individual Accounts of Voluntary Pension Fund Members
The Executive Board of the National Bank of Serbia issued this Decision to regulate the procedures for opening, maintaining, and transferring individual accounts of voluntary pension fund members. It mandates fund management companies to maintain electronic records with specific data requirements, update accounts daily, and ensure confidentiality while providing clear statements to members. The document also establishes detailed protocols for asset transfers between funds, including timelines for processing requests and concluding transfer agreements.
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