The Agency for Supervision of Fully Funded Pension Insurance (herein after: the Agency) is established in order to supervise the operations of Pension Companies and Pension Funds. Its objective is to protect the interests of Pension Funds’ members and to promote the development of the fully funded pension insurance. The Agency is the regulatory body of the fully funded pension insurance, so it passes secondary regulations and other acts, which contribute to the full implementation of the Law on Mandatory Fully Funded Pension Insurance and the Law on Voluntary Fully Funded Pension Insurance. The regulations are published in the Official Gazette of the Republic of Macedonia and/or on the Agency’s web site.

Council of experts

Members of the MAPAS Council of experts:

1.Bulent Dervisi, President of the Council of experts

2. Mentor Jakupi, Professional Member

3. Elizabeta Vidovikj, Professional Member

4. Tome Nenovski, Member

5. Slivana Mojsovska, Member

 

Contact details:

Phone: +389 (0)2-3224-229, 3217-573, 3166-452

Address: Stiv Naumov 100, 1000 Skopje, Republic of Macedonia.

Web site: www.mapas.mk

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The officially appointed employee as mediator to implement the right to free access to public information of the Agency for Supervision of Fully Funded Pension Insurance is Dionis Stratrov. He can be reached on the following telephone numbers: +389 (0)2-3224-229; 3217-573; 3166-452, or on his email: 

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The submission of requests for free access to information of the Agency should be in accordance with the Law on Free Access to Public Information.

The Agency performs the following activities:

a) implement activities of collecting applications for establishment of new pension companies, issue, revoke and cancel licenses for establishment of pension companies, issues licenses for activity – management of voluntary pension funds, licenses for activity – management of mandatory pension funds and issue approvals for management of mandatory and/or voluntary pension funds;

b) Supervision of the operations of the pension companies and pension funds managed by them, especially controlling their legal operations;

c) supervision of the operations of the legal entities which are custodians of the mandatory and/or voluntary pension funds and foreign asset managers of the mandatory and/or voluntary pension fund in regard with the operations with those assets;

d) Promotes, organizes and supports the development of the fully funded pension insurance in the Republic of Macedonia in cooperation with the Ministry of Labor and Social Policy;

e) develops the public awareness of the goals and principles of the pension companies and the mandatory and voluntary pension funds, about the benefits of the membership in mandatory and/or voluntary pension funds, including the goals, principles and benefits of the participation in a professional pension scheme, about the rights of the members of the mandatory and voluntary pension funds and other issues regarding the fully funded pension insurance;

f) initiates misdemeanor and criminal procedures before competent authorities, against the pension companies, custodians of mandatory and/or voluntary pension insurance, foreign assets managers and other entities, in case of incompliance with the provisions of this Law and other laws;

g) Monitors and reviews the financial reports of the mandatory and voluntary pension funds and pension companies;

h) maintains register of agents;

i) In order to provide efficient supervision and regulation of the fully funded pension insurance and financial sector cooperates with the Ministry of Finance, the National Bank of the Republic of Macedonia and other authorities and institutions in the country and abroad. The scope, content and form of the cooperation will be regulated between the Agency and the competent authorities and institutions;

j) cooperates with the Pension and Disability Fund of Macedonia in the part of authorizations entrusted to that fund with this Law;

k) Issues acts according to this Law and according to the Law on Voluntary Fully Funded Pension Insurance;

l) Issues internal manuals for its operations and prepares professional manuals, handbooks etc. regarding the fully funded pension insurance;

m) Initiates enacting of regulations and other acts regarding the pension companies and pension funds they manage;

n) becomes a member and participates in national and international organizations, when such participation is in interest of the Macedonian pension system; and

o) performs other activities according to this Law and according to the Law on Voluntary Fully Funded Pension Insurance

 Body of the Agency is the Council of experts which is consisted of the President of the Council of experts, two professional engaged experts and two external members.

The Agency’s organizational structure is consisted of four sectors and two independent advisors:

1. Cabinet of the Council of experts;

2. Financial control sector

3. Institutional control sector

4. Research Sector and Institutional Cooperation;

5. Legal Sector

6. Sector for Administrative and Financial Issues;

7. IT department

8.  Internal audit

 

Public information

Laws Secondary regulations

 

Other information

1. Number of members and temporary allocated members in the pension funds (total and by pension companies)

2. Data from statistical reports

3. Information on the number and the type of complaints from members to the Agency (except those containing personal data)

4. Calls for public procurement

5. Data from the Sales Agents Register (number of sales agents, active, passive, cancelled) and from the Register of mandatory and voluntary pension funds

6. Fees that Pension Companies charge from members (from contributions, from assets and for transfers)

7. Fees that MAPAS charges from the Pension Companies

8. Annual reports on the Agency’s operations

9. Annual reports on the developments in the fully funded pension insurance

10. Agency’s Announcements

11. Trainings, seminars, round tables and conferences organized by the Agency