Conditions for winding up the fund;
Procedure for winding up the fund;
Rights, obligations and functions of the management company or
companies under the terms of the legal and regulatory norms;
Indication of the existence of any investment management contracts;
Conditions for arbitration and the relevant jurisdiction.
Contracts for joining open pension funds shall include the fund
The value of each fund unit shall be determined by dividing the total net value of the fund by the number of fund units in circulation.
The total net value of the fund is the value of the assets it holds, valued according to the legal provisions, including interest accrued but not received on bonds, less the amount of liabilities due and unpaid.
Article 19 (Individual membership of open pension funds)
Individual contributors may join an open pension fund by means of an initial subscription to the fund units.
In the case of individual membership of an open pension fund, the fund units shall be the property of the participants.
Pension plans, which are financed by means of individual membership of an open pension fund, can only be of a defined contribution type.
When the fund units are first purchased, the contributor and the management company shall sign a contract of individual membership to the pension fund, which shall compulsorily contain the following information: