Regulatory Alerts2012-07-11
Ordinance No. 47 of 11.07.2012 on Requirements for Information Systems of Pension Insurance Companies
The Commission for Financial Supervision issued Ordinance No. 47 to regulate the information systems of pension insurance companies, mandating the implementation of an information security management system based on ISO/IEC 27001 standards. The ordinance requires companies to maintain unified electronic files for insured persons and beneficiaries, ensuring secure data exchange, electronic service provision, and the upkeep of specific operational registers. It further establishes administrative liability for non-compliance and outlines transitional provisions for integrating Pan-European Pension Product (PEPP) regulations into existing system requirements.
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