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Amendments To The Law "on Private Pension Funds '

Original Language Title: Grozījumi likumā "Par privātajiem pensiju fondiem"

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The Saeima has adopted and the President promulgated the following laws: the amendments to the law "on private pension funds" "make law" on private pension funds ' (Latvian Saeima and the Cabinet of Ministers rapporteur, 1997, nr. 14; 1998, 2, 19; 1999, no. 13. no; 2000, no. 13; 2002; 2004, nr. 22, 2., no. 9; 2005, 8, no 24; 2008, 13, 23 no; 2009, No 14; Latvian journal, 2012, 56 no; 2013, 142, 187. No.) the following amendments: 1. To supplement the law with 9.2 and 9.3 of the article as follows: "article 9.2. The pension plan transfer (1) the open pension fund is entitled to his pension plan to another open pension fund. Pension plan the Pension Fund involved in the transfer shall submit financial and capital market Commission: 1) a submission prepared by the Pension Fund, which puts the pension plan. The application shall contain the following information: a) the transferred pension plan, (b)) to the Pension Fund, which is supposed to transfer the pension plan the pension plan, c) the reason for the transfer, specifying how the changes will affect pension plan member interests, d) another pension fund within the meaning of important information; 2) between the pension funds signed agreement on pension plan assets and liabilities; 3) pension plan transfer calendar plan prepared by the Pension Fund, which puts the pension plan. Calendar plan specifies actions to be taken, the date or period when they put in, and the responsible person. Calendar plan signed by both the Pension Fund officials concerned; 4) according to this law, the procedures laid down in article 9 shall prepare for the pension plan amendments, specifying information about the Pension Fund, and, if necessary, the name of the pension plan, and the management of funds of the holder; 5) agreement that the Pension Fund, which puts the pension plan, with the management of, or amendments to the management contract concluded for already the pension plan management; 6) agreement that the Pension Fund, which puts the pension plan, with the holder of the funds or amendments with the holder of the funds already in a contract concluded on the pension plan's funds hold. (2) the financial and capital market Commission not later than 30 days from the date of receipt of the application, examine the document referred to in the first subparagraph and the pension plan transfer pension funds involved in the decision on the authorisation to transfer the pension plan or the refusal to pass this plan, if not follow the activities of the pension fund regulatory legislation or that the pension plan transfer, injures or is likely to injure a member of the pension scheme concerned interests whether such a pension plan transfer threat or may compromise its pension fund, which puts the pension plan or pension fund all private sector stable operation. (3) if the financial and capital market Commission of administrative permission Act put the pension plan to another pension fund is appealed, the appeal does not suspend the execution. (4) the Pension Fund who transferred the pension plan no later than one month after the receipt of this article referred to in the second paragraph of financial and capital market Commission decision on permission to transfer the pension plan to another pension fund, sends the pension plan members notice of the transfer of the pension scheme. The notification shall specify: 1) for information on changes related to the transfer of a pension scheme; 2) date by which it will begin the transfer of a pension scheme; 3) pension plan members the right to change the pension plan or pension fund, before being launched in the transfer of a pension scheme; 4) other pension fund within the meaning of the important information of the members of the pension scheme, in order to continue participation in the pension plan. (5) the amendment to the pension plan, the pension plan transfer to another pension fund, shall enter into force not earlier than three months after their registration in the financial and capital market Commission. The Pension Fund is entitled to start a pension plan transfer of funds only after a in this part of the pension scheme referred to in the entry into force of the amendments. (6) Pension Fund, which puts the pension plan is entitled to make amendments passed in the new pension plan no earlier than six months after completion of the transfer of the pension scheme. (7) a pension fund to which the transferred pension plan, two working days after the completion of the transfer of the pension scheme shall submit financial and capital market Commission, the written proof that the pension plan transfer complete. Receipt signed by both pension funds, funds of funds, where the holder does not change, or both, if the holder of the funds of funds, the holder is changed, and if the funds Manager funds Manager does not change, or both, if the management funds Manager is changed. (8) to retirement plan transferred to another pension fund, does not need the pension plan, employer, or the pension plan Committee. 9.3 article. Pension plan (1) a merger of pension fund is entitled to combine one pension plan to another for the same pension fund established a pension plan or plans, combining all the pension plan assets and liabilities. Pension funds who wish to combine the pension plans, prepares and submits financial and capital market Commission: 1) application, the pension plans, which are designed to combine the pension plan unification cause, indicating how the changes will affect pension plan members ' interests, as well as other pension fund within the meaning of important information; 2) this law article 8 of part three of the 15, 16 and 17 of the documents referred to in paragraph; 3) amendments to the contract with the holder of the funds and management, if necessary; 4) pension funds, funds of the holder and the trustee management of pension plan signed a merger plan and description of the calendar showing the assets and liabilities of the merging order, as well as the planned date or period of the merger and the responsible person. (2) the financial and capital market Commission not later than 30 days from the date of receipt of the application, examine the document referred to in the first subparagraph and the Pension Fund decision on permission to combine pension plans or refusal to combine pension plans unless the operation of the pension fund regulatory legislation or the pension plan following the merger, injures or is likely to injure a member of the pension scheme concerned interests whether such a pension plan merger endangers or may endanger the pension fund or all private sector pension funds stable. (3) if the financial and capital market Commission administrative act for permission to merge pension plans is appealed, the appeal does not suspend the execution. (4) the pension fund no later than one month after the receipt of this article referred to in the second paragraph of financial and capital market Commission decision on permission to combine the pension plan, shall be forwarded to combine the pension plan members notice of the intended merger. The notification shall specify: 1) for information on changes related to the pension plan mergers; 2) date on which the pension plan will begin merging; 3) pension plan members the right to change the pension plan or pension fund, before being launched in the pension plan of merger; 4) other pension fund within the meaning of the important information of the members of the pension scheme, in order to continue participation in the pension plan. (5) the amendment to the pension plan, the pension plan, shall enter into force not earlier than three months after their registration in the financial and capital market Commission. The Pension Fund is entitled to start a pension plan merging only after this part of the pension plan referred to in the entry into force of the amendments. (6) the pension fund within two working days after completion of the pension plan, shall submit financial and capital market Commission, the written proof that the pension plan merger completed. Proof of signature, pension funds and holders of funds funds Manager. (7) the pension plan To combine with another of the same pension fund create a retirement plan or plans that do not require the pension plan, employer, or the pension plan Committee consent. " 2. Express article 11 of the sixth subparagraph as follows: "(6) eligible costs according to the provisions of the pension plan before retirement age is a member of the pension plan, which is recognized as the first group of disabled for life, or, the pension plan member's death, his heirs, if the membership of a pension scheme member in the contract specifies a different person." The Parliament adopted the law in 2014 5 June. The President a. Smith in Riga 2014 in June 19.