Amendments To The State Funded Pension Law

Original Language Title: Grozījumi Valsts fondēto pensiju likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2013/142.9

The Saeima has adopted and the President promulgated the following laws: law on State funded pensions in State funded pension Act (the Latvian Saeima and the Cabinet of Ministers rapporteur, 2000, nr. 7; 2002, nr. 24; 2004, nr. 2, 9.; 2005, 12. No; 2006, 21 no, 12; 2007; 2008, nr. 21. no; 2009, 1., 10., 14. no; Latvian journal nr. 206., 2010; 2012, nr. 189) the following amendments: article 12: make the first part of paragraph 5 by the following: ' 5) in Latvia or another Member State concerning registered investment funds investment management company within the meaning of the law (hereinafter referred to as the Trust Fund); "; to supplement the first part with point 5.1 by the following: "51) in Latvia or another Member State registered in the alternative investment funds of alternative investment funds and their manager within the meaning of the law (hereinafter referred to as the alternative investment fund);"; to complement the second part with 7.1 points as follows: ' 71) investment in alternative investment fund, one must not exceed 5 percent of the assets of the investment plan and 10 percent of the Fund's net assets; " make two part 8.1 and 8.2 points as follows: "the total amount of investments with 81) occupational pension schemes for the management of the company in the same group of managed investment funds and alternative investment funds shall not exceed 15 per cent of the assets of the investment plan; 82) total investment in the funded pension scheme administration management of existing investment funds and alternative investment funds may not exceed 10 per cent of the assets of the investment plan "; make the second paragraph of paragraph 11 as follows: ' 11) investment capital securities, alternative investment funds or investment funds, which can invest in securities or other capital risk in terms of those financial instruments, pielīdzināmo together must not exceed 50 percent of the assets of the investment plan "; make the second paragraph 14 by the following: "14) total investment alternative investment funds may not exceed 10 per cent of the assets of the investment plan"; replace the fourth subparagraph in point 1 the words "investment funds" with the words "alternative investment funds"; adding to the fourth paragraph of paragraph 3 after the words "investment funds" with the words "alternative investment funds"; to make a fifth by the following: "(5) the statutory investment restrictions that apply to investment one of the issuer's issued debt securities or money market instruments, as well as one investment fund, investment certificates, it is permissible to exceed, if these are due to excess investment plan because of fluctuations in value of the investment or if the investment at the time it is not possible to determine or calculate debt securities or money market instruments of the quantity or value of the as well as the issued or outstanding contribution certificate part value or number. " The Parliament adopted a law in July 9, 2013. The President a. Smith 2013 in Riga on July 24.