• The project of Ministerial order whose processing starts with the public consultation phase aims to improve the information that pension fund management entities must send periodically to national and European authorities

The Ministry of Economy and Enterprise has initiated the processing, through public consultation, of a draft Ministerial Order in which the quantitative information models to be submitted by the pension fund management entities are established. The objective of the regulation is to adapt the current requirements of the General Directorate of Insurance and Pension Funds to the new information obligations that the fund managers must also supply to the European Insurance and Occupational Pensions Authority and the European Central Bank.

The new regulation will allow to unify all the information that the pension fund management entities must send to the national and European authorities to comply with the obligations established in the European Union regulations. In this way, all the information can be sent together and duplicities will be avoided.

The public consultation period ends on July 2

Public Consultation Ministerial Order

Source of the new