Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

It is registered

Ministry of Justice of Ukraine

August 6, 2021

No. 1030/36652

DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of July 15, 2021 No. 500

About approval of the Regulations on the extreme size of the expenses connected with implementation of non-state pension provision

According to Item 13 of article 8 of the Law of Ukraine "About state regulation of the capital markets and the organized goods markets", parts one of Article 48 of the Section VI of the Law of Ukraine "About non-state pension provision", in connection with entry into force of the Law of Ukraine of September 12, 2019 No. 79-IX "About modification of some legal acts of Ukraine concerning enhancement of functions on state regulation of the markets of financial services" and to the Law of Ukraine of June 19, 2020 No. 738-IX "About modification of some legal acts of Ukraine concerning simplification of investment attraction and implementation of new financial instruments" the National commission on securities and the stock market RESHILA:

1. Approve Regulations on the extreme size of the expenses connected with implementation of non-state pension provision which is applied.

2. Recognize invalid:

the order of the National commission performing the state regulation in the sphere of the markets of financial services of December 4, 2012 No. 2541 "About approval of the Regulations on the extreme size of the expenses connected with implementation of non-state pension provision" registered in the Ministry of Justice of Ukraine on February 7, 2013 for No. 226/22758;

the decision of the National commission on securities and the stock market of December 4, 2012 No. 1746 "About approval of the Regulations on the extreme size of the expenses connected with implementation of non-state pension provision", registered in the Ministry of Justice of Ukraine on February 7, 2013 for No. 226/22758.

3. To department of methodology of regulation of professional participants of the security market () provide Kurochkin I.:

submission of this decision on state registration in the Ministry of Justice of Ukraine;

promulgation of this decision on the official website of the National commission on securities and the stock market.

4. This decision becomes effective from the date of its official publication.

5. Control over the implementation of this decision to assign to the member of the National commission on securities and the stock market Boyko Yu.

Commission chairman

R. Magomedov

 

It is approved:

Acting as Chairman of the Antimonopoly Committee of Ukraine

 

N. Buromenskaya

 

Approved by the Decision of the National commission on securities and the stock market of Ukraine of July 15, 2021 No. 500

Regulations on the extreme size of the expenses connected with implementation of non-state pension provision

1. This Provision establishes the extreme size of the expenses determined by items 4 - 9 parts one of article 48 of the Law of Ukraine "About non-state pension provision" which are compensated to service providers at the expense of pension assets of non-state pension fund (further - the pension fund).

2. Terms in this Provision are used in the values given in the Law of Ukraine "About non-state pension provision" and in the Law of Ukraine "About the capital markets and the organized goods markets".

3. Charge of the expenses connected with provision of services on administration of the pension fund on asset management of the pension fund and services of the keeper is performed each working day as percent from the net value of assets of the pension fund.

4. The expenses connected with fee on carrying out scheduled audit inspections of the pension fund; fee of investment firms, accounting and re-registration of the property rights to assets of the pension fund; by fee according to real estate objects, to management, operation and improvement of real estate, confirmation of the organized market of the report by the operator on the executed agreements signed in this market with securities which enter/were part of assets of the pension fund, and also services in servicing of assets of the pension fund, including notarial are compensated at the expense of pension assets based on the documents confirming implementation of expenses.

5. Expenses on carrying out separate transactions at the initiative of the member of the pension fund are covered at the expense of this participant within the limiting rates for separate transactions determined in appendix to this Provision.

6. The annual extreme size of the costs compensated at the expense of pension assets is established percentage of the net value of assets of the pension fund and constitutes seven percent. Net value of assets of the pension fund for accounting year is determined as the amount of indicators of net value of the assets estimated for the end of every day, divided on the number of days in reporting year.

7. The procedure for expense recovery to persons specified in Items 3 and 4 of this provision is determined by council of the pension fund in limiting borders of the size of expenses, stipulated in Item 6th this provision, taking into account requirements for restriction of level of remuneration for separate types of activity.

8. Control of limiting observance of the size of expenses is exercised by the administrator of the pension fund.

Director of the department of methodology of regulation of professional participants of the security market

I. Kurochkina

Appendix

to Regulations on the extreme size of the expenses connected with implementation of non-state pension provision

Limiting rates for the separate transactions performed at the expense of the member of the pension fund

No. of payment order

Service type

Limiting rates

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.