Amendments To The Law "on Private Pension Funds '

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

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Cabinet of Ministers Regulations No. 16 in Riga on 11 January 2005 (pr. Nr. 3) 30 amendments to the law "on private pension funds," issued in the Republic of Latvia article 81 of the Constitution in order to make the law "on private pension funds ' (the Saeima of the Republic of Latvia 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) follows: 1. Article 23: make the ninth subparagraph by the following:" (9) pension plan foreign currency open position must not exceed : 1) in a separate foreign currency — 10 per cent of pension plan assets;
2) overall in all foreign currencies — 20 per cent of pension plan assets. ";
Add to article 9.1 of the part as follows: "(91) the ninth part of this article in this limit does not apply to investments in the euro."
2. transitional provisions be supplemented with paragraph 8 by the following: "8. The Pension Fund's Board, subject to the pension plan member interests, take the necessary steps to their retirement plan assets, licensed until 15 January 2005, from 1 April 2005, in compliance with article 23 of this law, ninth part."
Prime Minister a. Halloween Finance Minister o. Spurdziņš Editorial Note: rules shall enter into force on 14 January 2005.