Regulatory Alerts2023-06-26
Added · Updated
Circular dated June 26, 2023 regarding coordination with the National Social Insurance Authority regarding pension accounts
The circular instructs bank boards of directors to maintain permanent coordination with the National Social Insurance Authority concerning pension accounts and beneficiaries, as referenced in the January 9, 2018 circular. It mandates strict compliance with Article 297 of the Executive Regulations of Law No. 148 of 2019 on Social Insurance and Pensions. Banks are required to notify the Authority of these accounts and take necessary measures to ensure adherence to these regulatory obligations.
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