Regulatory Alerts2021-09-28
Added · Updated
Additional Provisions Regulation for State-sponsored Retirement Provision
The Financial Market Authority (FMA) issued this regulation to establish requirements for an additional provision for investment risks in state-sponsored retirement provision contracts. It mandates the creation of this additional provision for contracts where assets include a non-hedged equities portion, specifying the minimum amount based on calculated maximum loss and guaranteed amounts. The regulation details the scope of application, defines key terms, outlines calculation methodologies, and stipulates that the additional provision must be covered by the Deckungsstock.
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