New Instructions for interpretation and implementation of art. 178, para 3 and art.249 and the subsequent ones from chapter 25 as per art.178, para 2 from the Social Insurance Code

The Commission has approved instructions for interpretation and implementation of art. 178, para 3 and art.249 and the subsequent ones from chapter 25 as per art.178, para 2 from the Social Insurance Code – pension insurance companies and the supplementary pension insurance funds managed by them shall not acquire together more than 10% of the shares of a issuer or participate together

 

Amendments to Ordinance N 6 adopted

The Commission adopted amendments to Ordinance N 6 from Oct 22, 2003 for the capital adequacy and the liquidity of the investment intermediaries.


 

Approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3

FSC approved Instructions for implementation of art. 5, par. 2, and art. 15, par. 2, items 2, related to art.3, par.3, and of art.3, par.4 of Ordinance N 3 from Sep 24, 2003.
The instructions provide guidance in the following cases :

-when in the applications for transfer from one pension fund to another fund there are  deficiencies, corrections, erasing, additions, as well as missing information;
– what documents are required in case of  changes of the name or the personal identification number of the person applying for transfer from one pension fund to another one. 

Social Insurance Supervision Division has announced the results of the activity of the supplementary social insurance for the first 9 months of year 2004

 

 

 

 

 

The total sum of the net assets till 30th September, 2004 accumulated by all three types of pension funds – voluntary, occupational, and universal– amounts to BGN 682 417 000, which is 25 % more compared to the results at the end of year 2003. The number of the social insured persons for the same period has reached 2 636 090 persons.