Regulatory Alerts2011-01-18
Decision Implementing Provisions on Winding-up of Voluntary Pension Fund Management Companies
The National Bank of Serbia issued this Decision to establish detailed procedures for the winding-up of voluntary pension fund management companies and the subsequent dissolution or transfer of their funds. It mandates that the failing company notify the regulator and custody bank, after which the NBS invites tenders to select a new manager based on specific financial and operational criteria. If no suitable bidder is found, the NBS authorizes the custody bank to liquidate assets and transfer member accounts to other funds, with costs borne by the defunct company or the fund assets.
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