Regulatory Alerts2018-10-30
Added · Updated
Ordinance No. 62 of 30.10.2018 on the procedure for storage, use and destruction by pension insurance companies of documents and data related to supplementary pension insurance activity
This Ordinance regulates the storage, use, and destruction of documents and data by pension insurance companies concerning supplementary pension insurance activities. It requires these companies to adopt internal rules specifying retention periods, procedures, and responsible units, submitting them to the Financial Supervision Commission within seven days. The Ordinance sets minimum storage periods, including five years for investment orders and contracts, and two years for certain cancelled applications, while also detailing physical requirements for storage premises and strict access protocols. Documents are to be destroyed only after their retention periods expire, following an expert commission's assessment, using methods that prevent recovery.