Regulatory Alerts2021-06-29
Added · Updated
Ordinance No. 10 of 29.06.2021 on Requirements for Solvency Margin, Own Funds, Rehabilitation Program, and Minimum Liquid Funds of Pension Insurance Companies and Managed Funds
This Ordinance establishes the composition and calculation of own funds, the solvency margin threshold of 4% of capitalized liabilities (minimum 3.75 million euros), and investment limits for pension insurance companies. It mandates specific liquidity requirements for universal, professional, voluntary, and payment funds, ensuring they maintain sufficient liquid assets to cover current liabilities and upcoming payments. The document also defines the mandatory structure of rehabilitation programs for companies failing to meet solvency requirements and sets monthly reporting obligations to the Financial Supervision Commission.