Conditions for authorisation

Authorisation of the privately managed pension fund

Conditions for authorisation

In order for the privately administered pension fund to be authorised, at the time the application for authorisation is submitted, it must cumulatively fulfil the conditions laid down by law, as well as the following:

a) the fund must be constituted by a company contract, drawn up in compliance with the provisions of this rule on minimum content;

b) the administrator must be authorised by the A.S.F. or similar authorities of a Member State of the European Union or belonging to the European Economic Area;

c) the administrator has the prospectus of the private pension scheme authorised by the A.S.F., under the conditions of the Law and of the rules issued for its application;

d) the individual act of adhesion to the privately administered pension fund is approved by the A.S.F. under the conditions of the Law and of the rules issued for its application;

e) the depositary of the assets of the privately administered pension fund is approved by the A.S.F., under the conditions of the Law and of the rules issued for its application;

f) the financial auditor of the privately administered pension fund is approved by the A.S.F., under the terms of the Law and of the rules issued for its application;

g) the founding members of the privately administered pension fund meet the conditions to become participants according to the provisions of the Law and the rules issued in application thereof.

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or


Application for authorisation of the privately managed pension fund, accompanied by the following documents:

a) a special and authenticated power of attorney or, where applicable, power of attorney by which the applicant empowers one or more persons to represent the administrator in its dealings with the ASF during the processing of the application for authorisation of the privately managed pension fund;

b) the document attesting the authorisation as a pension fund manager, issued by similar authorities in a Member State of the European Union or belonging to the European Economic Area, as the case may be;

(c) a copy of the management contract between the administrator and the privately administered pension fund;

(d) the contract concluded between the fund manager and the depositary, concluded subject to the authorisation of the privately administered pension fund and which will enter into force on the date of its authorisation, in copy;

(e) the contract concluded between the fund manager and the financial auditor, which is concluded subject to the authorisation of the privately managed pension fund and which will enter into force on the date of its authorisation, in copy.

(f) any other additional documents and information requested by the Authority or provided for in the rules adopted by the Authority.