Regulatory Alerts2006-02-21
Instruction No. 1 of 21.02.2006 on the Procedure and Method for Official Allocation of Persons Who Have Not Chosen a Fund for Additional Voluntary Pension Insurance
Issued by the Chairman of the Commission for Financial Supervision and the Chairman of the Management Board of the National Revenue Agency, this instruction establishes the procedure for the official allocation of individuals who failed to choose a universal or professional pension fund. The allocation is performed quarterly by a commission using weighted criteria including annual yield, fee levels, and the number of accepted individual applications. The process ensures that unallocated persons are assigned to funds based on these metrics and random selection for remaining slots.
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