Regulatory Alerts2016-10-21
Added · Updated
Decree No. 52 of 21.10.2016 on the Procedure and Method for Deducting Fees under Article 201(1)(2)-(3) and Article 256(1)(3) of the Social Security Code Collected by Pension Insurance Companies
This Decree establishes the calculation methods and payment deadlines for investment fees and payment processing fees collected by pension insurance companies. It mandates daily accrual of investment fees for mandatory additional pension funds based on net asset values, while fees for voluntary additional pension funds are calculated annually based on positive investment returns, with specific formulas for rate changes. Additionally, it sets a monthly fee for payment funds calculated on net asset value changes, requiring all fees to be transferred to the managing company by the fifth working day of the following month.
More like this from FSC
We email you every new FSC publication the day it's published.
Topics
Share