Regulatory Alerts2020-06-12
Regulation on Record-Keeping in Pension Funds and Pension Providers
Issued by the Central Bank of Kosovo, this regulation requires pension funds and providers to maintain comprehensive, International Accounting Standards-compliant records detailing contributions, benefits, investments, and participant accounts. Entities must securely preserve founding documents, meeting minutes, and daily transaction logs in paper or electronic formats, supported by regularly updated disaster recovery plans. The rule repeals prior 2003 guidelines, mandates reporting of unrecoverable data damage within ten days, and subjects non-compliance to existing legislative penalties.
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