Regulatory Alerts2017-01-11 | cba-blob-8586State Ordinance on Company Pension Funds (SOCPF)
The Central Bank of Aruba issued this State Ordinance to regulate the establishment, governance, and supervision of company pension funds operating in Aruba. It mandates that funds maintain a minimum of 100 participants, adhere to strict solvency and coverage ratio requirements, and submit regular actuarial reports and financial statements. The Ordinance empowers the Bank to issue binding instructions, impose fines for non-compliance, and oversee board appointments, investment policies, and risk transfer mechanisms to ensure financial stability and participant protection.
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