Regulatory Alerts2003-11-19
Added · Updated
Ordinance on Valuation of Assets and Liabilities of Pension Insurance Companies and Managed Funds
This Ordinance establishes the methods and procedures for pension insurance companies to value assets and liabilities of supplementary pension funds, sub-funds, and payment funds, including the determination of net asset values and share prices. It mandates daily valuation for most funds based on transaction data, market prices, and fair value calculations, while requiring monthly valuation for payment funds. The rules specify valuation hierarchies for government securities, debt instruments, and shares, detailing the use of closing prices, bid prices, or alternative models like discounted cash flows when market data is unavailable. Additionally, it sets requirements for maintaining individual and analytical accounts for insured persons and PEPP participants.
More like this from FSC
We email you every new FSC publication the day it's published.