News in branch

The Financial Supervision Commission adopted Instructions for the implementation of art.7, para.1 and para.2 of Ordinance No.9 of November 19, 2003 of the FSC.
05.01.2007

Instructions for the implementation of art.7,  para.1 and para.2  of Ordinance No.9 of November 19, 2007 of the FSC regarding the method and procedure for valuation of the assets and liabilities of the Supplementary Pension Security Funds and of the Pension Security Companies ; the value of the Fund’s net assets; for calculation and declaration of the unit value as well as the requirements to the keeping of individual accounts.

When applying art.7, para.1 of the Ordinance , the Pension Security Companies have to make a subsequent valuation of bonds, admitted to trading on a regulated securities market  at the weighted average price of the concluded transactions on the preceding working day, announced in the stock exchange bulletin , and they shall add to the aforesaid price the due interest coupon as of the date of the valuation.
When applying art.7, para.2 of the Ordinance, the Pension Security Companies have to make a subsequent valuation of the bonds at the highest “buying” price of the securities orders from the respective issue, valid till the end of the trading session on the stock exchange on the preceding working day, and they shall add the due interest coupon as of the date of valuation.

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