The Financial Supervision Commission considered and adopted at the first vote a draft Ordinance amending Ordinance No. 63 of 8 November 2018 on the requirements for the content, periodicity of preparation and deadlines for submission of reports for supervisory purposes of pension insurance companies and the funds managed by them. The project aims to comply with the amendments made to the Act to Amend and Supplement the Social Insurance Code (promulgated SG No. 19/2021).

Art. 185 of the Social Insurance Code stipulates that the requirements for the content, periodicity of preparation and deadlines for submission of reports for supervisory purposes of the payment funds are regulated by an ordinance of the Financial Supervision Commission (FSC). In this regard, the draft ordinance provides for the creation of templates of monthly and annual reports for the payments funds of lifelong pensions and the payment funds, which are submitted to the FSC. The reports are expected to be submitted within the same deadlines as the reports for supervisory purposes of the pension insurance companies and the supplementary pension funds. The adopted approach is to present the reports to the supervisory body in electronic form, signed with a qualified electronic signature, through an electronic portal maintained by the FSC. In accordance with the amendments to the SIC, the current models of reports for supervisory purposes have been updated.

The draft and the reasons for it are published on the website of the Financial Supervision Commission in the section Regulations, subsection Public Consultations, and the deadline for submitting comments and proposals on the draft is 14 days from its publication until 29.06.2021 inclusive.