Regulatory Alerts2018-05-02
Added
Decree No. 60 of 02.05.2018 on Requirements for Documents for Issuance of Pension License and Authorization to Manage a Pension Fund
This decree establishes specific requirements for documents submitted by pension insurance companies to obtain a pension license and authorization to manage pension funds, including business plans, actuarial calculations, IT system documentation, staffing reports, and risk management procedures. It mandates that business plans cover three-year forecasts and client acquisition strategies, while actuarial calculations must detail pension schemes, accounting bases, fund structures, and minimum liquid assets. The regulation also specifies technical standards for information systems and defines the scope of risk identification, measurement, and hedging procedures for investment portfolios.