Regulatory Alerts2006-04-18
Decision on Detailed Content and Standardized Format of the Contract of Membership in Voluntary Pension Fund
The Governor of the National Bank of Serbia issued this Decision to mandate the detailed content and standardized format for voluntary pension fund membership contracts. The regulation requires contracts to include specific identity data for members and management companies, along with provisions regarding contribution discontinuation, fee obligations, and notification of policy changes. Additionally, the standardized contract must feature a member confirmation of understanding the prospectus and fees, and it became applicable on April 1, 2006.
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