Regulatory Alerts2006-04-17
Decision on Reporting by Custody Banks and Reconciliation of Voluntary Pension Fund Values
The Governor of the National Bank of Serbia issued this decision to regulate the frequency, manner, and standardized form of reporting by custody banks for voluntary pension funds. Custody banks are required to daily verify net asset values and returns against fund management company calculations, reconciling any discrepancies through established written procedures. If calculation errors are identified, both parties must rectify them immediately and notify fund members and the regulator to ensure transparency and accuracy.
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