Regulatory Alerts2006-07-12
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Ordinance No. 29 of 12.07.2006 on Minimum Credit Ratings for Banks and Determining Countries, International Financial Organizations, Markets, and Indices for Social Security Code Art. 176, para. 3
The Financial Supervision Commission issued Ordinance No. 29 of 12.07.2006, setting minimum credit rating requirements for banks where supplementary pension insurance funds and payment funds can invest. This ordinance defines specific eligible countries, international financial organizations, markets, and market indices for such investments under the Social Security Code. Furthermore, it establishes requirements for investments in exchange-traded funds, prohibiting crypto-asset exposure, and mandates detailed information disclosure from alternative investment fund managers.
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