Regulatory Alerts2021-07-12
Added · Updated
Regulation on Permitted Investments and Additional Investment Restrictions for Voluntary Pension Funds
This regulation details permitted investments and additional investment restrictions for voluntary pension funds, specifying criteria for transferable securities, money market instruments, and regulated markets. It mandates pension management companies to continuously assess portfolio liquidity, conduct stress tests, and establish internal procedures for verifying market conditions and managing risks. The regulation permits investment in financial derivatives exclusively for hedging or efficient asset management, prohibiting speculative use and requiring covered positions, with specific exceptions for short positions covered by documented substitute assets.
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