Regulatory Alerts2026-06-23
Added · Updated
Regulation No. 70 of 23.06.2026 on Requirements for Payment Funds
The Commission for Financial Supervision issued Regulation No. 70 to establish detailed requirements for the formation, maintenance, and actuarial valuation of life pension and term payment funds. The regulation mandates specific timelines for fund transfers, defines the calculation of required funds and surpluses, and sets procedures for supplementing deficits or releasing excess funds. It also amends existing actuarial reporting standards to align with the new Social Insurance Code provisions effective from 2027.
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