The legal framework for the creation of voluntary pension funds in Moldova has been finalized and applications for registration can be submitted.
The Management Board of the National Financial Market Commission (CNPF) has approved the Regulation on the notification of the creation of the pension society and licensing of the administrator of voluntary pensions. This document completes a series of normative acts elaborated and approved by CNPF, which are necessary to start the activity of voluntary pension funds in Moldova, privately managed. According to the press service of the Commission, the regulation establishes the execution procedure and the list of documents necessary to obtain the opinion on the creation of the pension company and the license of the manager of the voluntary pension fund. For this purpose it is necessary to submit to CNPF a package of data and information: founding documents and program of activities, data on the identity of the founders, confirmation of compliance with minimum capital requirements (including the origin of funds), compliance of persons proposed to manage the activities of the pension society or administrator, etc. At the same time, the regulation regulates the procedures for evaluation by CNPF of persons who ensure the activities of the administrator, as well as the list of documents and the procedure for preliminary approval of shares of qualified shares in the authorized capital of the pension society. The document comes into force from the moment of publication in Monitorul Oficial (the Official Journal of Moldova). Those wishing to engage in activities in the field of voluntary pension funds may submit the necessary package of documents to CNPF, which is authorized to supervise these entities. //03.08.2023 - InfoMarket.
