Regulatory Alerts2007-01-12
Royal Decree of 12 January 2007 on the prudential supervision of institutions for occupational retirement provision
The Belgian government issued this Royal Decree to partially transpose Directive 2003/41/EC, establishing detailed prudential supervision rules for institutions for occupational retirement provision. The decree mandates specific governance structures, including board composition requirements, and defines rigorous methodologies for calculating solvency margins and technical provisions based on risk profiles. It further regulates covering assets by setting strict investment categories, valuation principles, and risk management obligations to ensure the financial stability of these pension institutions.
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