Decree No. 425 / 2012 Coll.
Order on the submission of information by the pension company Česká národní banka
Valid
Order
Effective from 01.01.2013
425
DECLARATION
of 12 November 2012
on submitting information to the Czech National Bank
The Czech National Bank provides, pursuant to § 110 (1) of Act No. 426 / 2011 Coll., on Pension Savings, for implementation of § 69 (4) of this Act, pursuant to § 170 (1) of Act No. 427 / 2011 Coll., on Supplementary Pension Savings, for implementation of § 119 (4) of the Act No. 6 / 1993 Coll., on the Czech National Bank, as amended by Act No. 57 / 2006 Coll.:
Subject matter
This decree specifies the scope, structure, form, periodicity, deadlines and method of sending information to the Czech National Bank.
Definition of terms
For the purposes of this decree:
(a) a participating fund and a transformed fund managed by a pension company;
(b) a dataset of data pools with predefined data structures that are methodologically described, processed and transmitted as a whole by the information system.
Overview of reports submitted
(1) The pension company shall:
(a) on the last day of the calendar month and shall submit the following statements within 20 days of the end of the calendar month to which they relate:
1. PSP (ČNB) 10-12 "Monthly balance sheet of the pension company / fund,"
2. PSP (ČNB) 20-12 "Monthly profit and loss account of the pension company / fund" and
3. PSP (ČNB) 30-12 "Pension unit report,"
(b) on the last day of the calendar quarter and submit the following statements within 30 days of the end of the calendar quarter to which they relate:
1. PSP (ČNB) 50-04 "Report on the organizational structure of the pension company,"
2. PSP (ČNB) 31-04 "Reporting of received and paid funds by pension companies,"
3. PSP (ČNB) 32-04 "Capital and capital requirements of the pension company"; and
4. PSP (ČNB) 34-12 "Report on the portfolio composition of the pension company / fund,"
(c) on the last day of the calendar year and submit, within 30 days of the end of the calendar year to which it relates, the PSP (CNB) report 40-01 "Additional information for the assessment of the risk of the pension company."
(2) Furthermore, the pension company shall draw up the following statements for each fund managed individually on the last day of the calendar month and submit the following statements within 20 days of the end of the calendar month to which they relate:
(a) PSP (ČNB) 10-12 "Monthly balance sheet of the pension company / fund,"
(b) PSP (ČNB) 20-12 "Monthly profit and loss account of the pension company / fund"; and
(c) PSP (ČNB) 34-12 "Report on the portfolio composition of the pension company / fund."
Common provisions for reporting
(1) The content of the statements provided for in Article 3 is set out in the Annex to this decree. The statements shall be drawn up according to the end of the period to which they relate, unless otherwise specified in the Annex.
(2) The pension company shall, taking into account their nature, proceed in accordance with the laws governing the keeping of accounts and the drawing up of accounts (1) or international accounting standards governed by European Unionlaw (2).
(3) The pension company recalculates data expressed in foreign currency, if required, to data expressed in Czech currency at the foreign exchange market rate declared by the Czech National Bank and in force on the date of drawing up the statement. The currencies not included in the foreign exchange market rates declared by the Czech National Bank are recalculated by the official central rate of the central bank of the country concerned, or by the current exchange rate of the interbank market to the US dollar or euro.
(4) The pension company shall value the assets and liabilities as at the date of drawing up the statement.
Further information submitted to the Czech National Bank
(1) The pension company submits annual reports to the Czech National Bank in accordance with the legislation governing accounting for itself and individual funds managed in electronic form. The annual report in electronic form, signed by a recognised electronic signature, is submitted to the electronic address of the Czech National Bank Post Office or via the public data network to the data box 5).
(2) If the size of the data message does not allow sending by e-mail or via a data box, the pension company shall send the annual report referred to in paragraph 1 in electronic form on the technical data carrier to the address of the Czech National Bank.
Method and form of reporting
(1) The pension company submits the reports to the Czech National Bank pursuant to Section 3 in electronic form as data reports in the format and structure of the data files.
(2) The data messages referred to in paragraph 1 are transmitted by means enabling remote access via the Internet application or user interface of the Czech National Bank collection system.
(3) The data report referred to in paragraph 1 shall be signed by the pension company by a recognised electronic signature of the contact person.
(4) The pension company will inform the Czech National Bank of the name, address of the workplace, telephone number and e-mail address of the contact person. The pension company informs the Czech National Bank of changes to this information without undue delay.
Corrections and changes in accounts
(1) If an error or change is detected after the submission of the reports to the Czech National Bank, the pension company shall submit the revised data report to the Czech National Bank again without undue delay. If the correction affects data also in other statements or statements for further periods of time, the pension company shall also correct all such subsequent statements.
(2) If, in the statement drawn up on the last day of the calendar year, the reported data is changed on the basis of an audit of the accounts by the auditor, the pension company shall submit the report again with the corrected data no later than 20 days after the audit of the accounts. If the correction affects the data in another statement or statements for other periods of time, the pension company shall also correct all such subsequent statements.
(3) The corrected statements of the pension company shall be submitted by the Czech National Bank within the period referred to in paragraph 1 or 2 in accordance with the procedure laid down in Section 6, together with information on the content and the reason for the correction.
Transitional provisions
(1) The pension company shall draw up a statement of PSP (CNB) 10- 12 "Monthly balance sheet of the pension company / fund" on the date of application of this decree and submit a statement of PSP (CNB) by the 20th day following the entry into force of this decree.
(2) For the obligation to draw up and submit statements or information relating to the period until 31 December 2012, Decree No. 302 / 2010 Coll.
Repeal
Decree No. 302 / 2010 Coll., on the submission of reports and other information by pension funds to the Czech National Bank for supervisory purposes is repealed.
Efficacy
This Decree shall take effect on 1 January 2013.
Governor:
Ing. Singer, Ph.D., v. r.
Annex to Decree No 425 / 2012 Coll.
Basic characteristics and content of the reports submitted by pension companies to the Czech National Bank
PSP (ČNB) 10-12 "Monthly balance sheet of pension company / fund"
The statement shall contain basic accounting information on the structure of assets, liabilities and equity. The basic structure of the assets and liabilities is uniform for the pension company and the funds managed by it (participating and transformed). The pension company also provides selected indicators of claims and liabilities to the funds and the state budget.
PSP (ČNB) 20-12 "Monthly profit and loss account of the pension company / fund"
The statement shall contain basic accounting information on the revenues, costs and results of the management. A more detailed structure of revenues and costs relating to fees and commissions and other administrative costs follows their structure in the Act governing supplementary pension savings. Data shall be reported from the beginning of the year to the end of the reference period. The profit and loss account is uniform for the pension company as well as the funds managed by it (participating and transformed).
PSP (CNB) 30-12 "Pension unit report"
The statement shall contain basic information on the pension unit and the fund equity individually for all participating funds managed. The total balance of the number of pension units, the value of the credited and debited pension units, the current value of the pension unit and its highest value over the reference period shall be reported. Data on the average annual amount of the pension unit and the average annual amount of the own funds shall be reported only in the statement drawn up on 31 December.
PSP (ČNB) 34-12 "Report on the portfolio composition of the pension company / fund"
The statement shall contain basic information on securities, deposits with banks and derivatives in the pension company portfolio and the pension company fund. The basic identification and classification data of each investment instrument, links to the legal investment limits relating to the managed fund and quantitative data relating to the asset, i.e. in particular the nominal value, the purchase price, the net cost and the book value, the open position for derivatives and the value of the share of the instrument in the assets of the pension company / fund.
PSP (ČNB) 31-04 "Reporting of received and paid funds by pension companies"
The statement shall contain basic information on the funds received and paid in connection with supplementary pension savings, including supplementary pension insurance through the transformed fund, the number of funds paid according to the structure of benefits and the balance sheet of participants in each type of fund managed by the pension company. The data on the funds received and paid and the number of cases paid shall be reported from the beginning of the year to the end of the reference period, the figures on the number of pension beneficiaries being reported according to the status at the date on which the statement is drawn up.
PSP (ČNB) 32-04 "Capital and capital requirements of the pension company"
The report contains the information needed to quantify capital requirements in accordance with Section 38 of Act No. 427 / 2011 Coll. The amount of own funds, individual own funds requirements, surplus or capital shortages and the mutual capital / capital requirements ratio shall be reported. In addition, detailed information on the breakdown of exposures by risk weight and the breakdown of derivatives by type and maturity shall be reported as a transformed fund.
PSP (ČNB) 50-04 "Report on the organizational structure of the pension company"
The report shall contain basic identification and classification data on the pension company, the members of the statutory and supervisory body, the management and contact persons for the defined areas of the reporting entity. Furthermore, the capital and staff figures are included. The report shall also contain basic identification and classification data for shareholders with a share of capital of more than 5%, including structured data on the size of the share.
PSP (ČNB) 40-01 "Additional information for the assessment of the risk of the pension company"
The statement shall contain additional information on the risk profile of the pension company and the funds managed by it, information on the dividend paid or planned and the funds received and paid by the pension company, broken down by year of birth of the supplementary pension insurance participants and supplementary pension savings with intervals of 5 years.
1) Act No. 563 / 1991 Coll., on Accounting, as amended. Decree No. 501 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are banks and other financial institutions, as amended.
2) Article 2 of Regulation (EC) No 1606 / 2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards.
5) Act No. 300 / 2008 Coll., on Electronic Acts and Authorised Conversion of Documents, as amended.
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Regulation Information
| Citation | Decree No. 425 / 2012 Coll., on the submission of information by the Czech National Bank |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.12.2012 |
|---|---|
| Effective from | 01.01.2013 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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