A norm approved in December last year by CSSPP allowed private pension fund administrators to invest in private equity funds, commodity funds or in infrastructure. The measure took effect in January this year.
Asset investments in private equity funds were capped at 10%, both on the mandatory and the voluntary private pension segments.
“After only nine months, CSSPP put forward a draft act which drastically changes some of the provisions included in the investment norm, forbidding mandatory private pension funds to invest in private equity funds,” SEEPEA said in a press release Thursday.
SEEPEA is willing to work together with CSSPP and the association of private pension funds to improve regulations with a view to increasing investments in the real economy, reads the press release.
SEEPEA was set up in August 2005 as an independent, non-profit organization, promoting the interests of the Southeastern European private equity and venture capital industry.