Norms in debate

The representatives of the Supervision Commission of the Private Pension System (SCPPS) and of the National Securities Commission analyzed the norm project regarding the allocation to the social capital necessary to the investment administration company, respective the insurance company for the fund administration of voluntary private pensions.  The discussed norm was elaborated by SCPPS in base of the Law no.204/2006 regarding the voluntary pensions, with the further changes and completions. During the debates it was presented the legislative primary settlements, respective the provisions regarding the social capital requests of the law nr. 204/2006 concerning the voluntary pensions. Also, there have been presented secondary regulations set up in collaboration by SCPPS and the Insurance Supervisory Commission (CSA), finalized by the Order of CSA 113137/2006 for putting into application of the Norms regarding the approval of the allocation the social capital needed the authorization of the insurers, as administrators of voluntary pension funds, by the social capital afferent the life insurance activity.