Regulatory Alerts2011-08-02
Decision on More Detailed Conditions and Maximum Amounts of Voluntary Pension Fund Assets Investment and Manner of Investing such Assets Abroad
The Executive Board of the National Bank of Serbia issued this Decision to establish detailed investment conditions and maximum allocation limits for voluntary pension fund assets. The regulation permits unrestricted investment in Serbian government debt while capping exposures to corporate bonds, equities, real estate, and foreign assets at specific percentages, with a strict 10% ceiling on total foreign investments. It further mandates credit rating thresholds, liquidity requirements, and prohibitions on derivatives and lending, requiring fund management companies to harmonize their portfolios with these rules by November 2011.
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