Regulatory Alerts2026-07-28
Added
Ordinance No. 6 of 28.07.2026 on the Documents for Assessing Permissible Risk When Choosing a Sub-fund in a Universal Pension Fund
This Ordinance establishes the mandatory format and content requirements for a risk assessment questionnaire and the resulting risk assessment document used when an insured person selects a sub-fund within a universal pension fund. It mandates that the questionnaire contain at least ten closed-ended questions covering investment goals, risk tolerance, financial knowledge, and market scenarios, while prohibiting any formatting or phrasing that directs the insured toward a specific sub-fund. The resulting risk assessment document must be provided to the insured before the insurance contract is concluded, detailing the applied risk scale, assessment results, and the recommended sub-fund, while explicitly stating that the insured may choose a different sub-fund. The Ordinance entered into force on January 1, 2027.