Regulatory Alerts2017-08-15
Decision on Intermediaries of Voluntary Pension Fund Management Companies and Issue of Licenses for Providing Information on Voluntary Pension Funds
The National Bank of Serbia issues this Decision to regulate the appointment of banks and insurance undertakings as intermediaries for voluntary pension fund management companies and to establish licensing requirements for natural persons providing information on these funds. The regulation mandates that intermediaries must meet specific operational standards, while natural persons must pass a professional exam administered by the NBS and submit detailed documentation to obtain a license. The NBS maintains public records of all licensed intermediaries and individuals, and retains the authority to revoke licenses if licensees fail to comply with regulatory requirements or act contrary to business ethics.
Share