Regulatory Alerts2018-01-04
Added · Updated
Ordinance No. 56 of 04.01.2018 on the minimum content of investment policies and investment strategies of supplementary pension insurance funds
Ordinance No. 56 of 04.01.2018, adopted by the Financial Supervision Commission, establishes the minimum content requirements for investment policies and strategies of supplementary compulsory and voluntary pension insurance funds. It mandates specific sections for investment policies, covering the general framework, objectives, implementation strategies, risk management, and review processes, with particular provisions for sub-funds. The ordinance also outlines the required elements for a six-month investment strategy, including market analysis, asset allocation, risk profile, liquidity management, and performance evaluation.
ORDINANCE No. 56 of 04.01.2018 on the minimum content of investment policies and investment strategies of supplementary pension insurance funds (Title supplemented - SG, issue 61 of 2026, in force from 01.01.2027) Promulgated - SG, issue 6 of 16.01.2018, in force from 16.01.2018 for the investment policies of supplementary voluntary pension insurance funds under professional schemes and in force from 19.11.2018 for the investment policies of universal pension funds, professional pension funds and supplementary voluntary pension insurance funds; amended and supplemented, issue 41 of 21.05.2019; amended and supplemented, issue 70 of 20.08.2024; amended and supplemented, issue 61 of 03.07.2026, in force from 01.01.2027. Adopted with Decision No. 22-N of 04.01.2018 by the FSC Art. 1. (Amended and supplemented - SG, issue 61 of 2026, in force from 01.01.2027) (1) (Previous text of Art. 1, supplemented - SG, issue 61 of 2026, in force from 01.01.2027) This ordinance regulates the minimum content of investment policies and investment strategies of supplementary compulsory pension insurance funds and supplementary voluntary pension insurance funds. (2) (New - SG, issue 61 of 2026, in force from 01.01.2027) The investment policies and investment strategies of the funds under para. 1 also contain information on sub-funds under Art. 137, para. 3, Art. 214, para. 4 and Art. 214a of the Social Security Code (SSC