RR no. 11/2020-R – Report to ASF – Pension Fund Management Companies10 November, 2020
On 3 November 2020, Regulatory Rule 11/2020-R on the provision of information for supervisory purposes to the Insurance and Pension Funds Supervisory Authority («ASF») by pension fund management companies was approved.
This regulatory rule defines the set of reports and financial, statistical and conduct elements that pension fund management companies must provide to ASF for the purpose of exercising the supervisory powers legally conferred upon it.
Regular and occasional reports are regulated int the Regulatory Rule, particularly regarding the nature of the elements to be reported – financial, statistical, conduct, as well as investment and monitoring of own funds – and the means and deadlines to do so – reporting maps for NR No. 11/2020-R have been published.
The rule also regulates the figure of the Ombudsman of participants and beneficiaries, to be appointed by the pension fund management companies when applicable, as well as the Privileged Interlocutor for the purposes of contact with the ASF.