Regulatory Alerts2006-04-17
Decision on the Manner and Conditions of Merger of Voluntary Pension Funds
The Governor of the National Bank of Serbia issued this decision to regulate the specific procedures and requirements for the merger of voluntary pension funds through the acquisition of fund management companies. The document mandates that acquiring companies submit detailed economic viability analyses and member transfer notices to the regulator, which must render a decision within thirty days of receiving a complete application. Upon approval, the regulation outlines the transfer of assets and member accounts, the calculation of investment units, and the subsequent obligations to update fund prospectuses and register the changes with the business entities register.
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