Regulatory Alerts2026-06-30
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Ordinance No. 4 of 30.06.2026 on the Performance Comparison Indicators for Sub-funds in Universal Pension Funds and Professional Pension Funds
The Commission for Financial Supervision issued Ordinance No. 4 to establish the methodology for calculating and publishing performance comparison indicators for sub-funds in universal and professional pension funds. The regulation defines specific asset components and relative weights for dynamic, balanced, and conservative sub-funds, along with formulas for quarterly and annual benchmark calculations. It mandates the publication of these indicators and achieved fund returns, with transitional provisions governing the initial calculation periods starting in 2027 and repealing the previous 2003 Ordinance No. 12.
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