Regulatory AlertsOrdinance No. 36 on Custodian Banks under the Social Security Code
The Bulgarian National Bank issued Ordinance No. 36 to establish the terms, procedures, and requirements for including and excluding banks from the official list of custodian banks under the Social Security Code. The regulation mandates that custodian banks maintain specific electronic registers for pension fund assets, define strict access controls, and submit daily transaction statements to the Financial Supervision Commission. It further outlines the conditions under which custodian banks may subcontract services and details the precise data fields required for recording financial instruments and investment properties.
Share