Non-state pension funds: NSSMC discussed the structure of a future draft law

The Commission held another meeting on the preparation of a draft law on non-state pension funds (NPFs). Representatives of VPF OTP Pensiia, VPF PrivatFond, VPF Dynastiia, VNPF Emerit-Ukraine, the National Bank’s Corporate NPF, and a representative of the relevant Verkhovna Rada committee joined the discussion.

During the meeting, participants reviewed the structure of the future draft law in detail and discussed how the new model of the accumulation system should be constructed.

The document will define the rules for the creation and operation of non-state pension funds, the activities of pension companies, the procedure for asset management, and the control system. Separate sections will deal with the rights of participants, disclosure of information, the powers of the regulator, and procedures for termination of activities.

The discussion also touched upon issues of guarantees for NPF participants, possible regulation of cross-border activities, and a transition period for existing funds. These proposals will be further explored.

The meeting took place as part of systematic work on preparing a coordinated version of the draft law. Work on the text continues in close dialogue with market participants and experts.