Regulatory Alerts2018-08-22
Decision on Detailed Conditions and Manner of Issuing Licences and Approvals to Voluntary Pension Fund Management Companies
The Executive Board of the National Bank of Serbia adopted this Decision to establish the detailed conditions and procedures for issuing operating and management licences to voluntary pension fund management companies. The regulation mandates that founders submit comprehensive applications including proof of core capital, business plans, and extensive documentation verifying the financial stability, criminal records, and professional qualifications of all shareholders and management members. It further outlines specific requirements for organizational capacity, risk management, and the assessment of good business reputation to ensure the integrity and stability of the voluntary pension sector.
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