Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Cyprus >

Name: Law N 208(I) of 2012 on the Establishment, Register, Operation and Supervision of Funds for Occupational Retirement Provision and other provisions.
Country: Cyprus
Subject(s): Social security (general standards)
Type of legislation: Law, Act
Adopted on: 2012-12-28
Entry into force:
Published on: Epissimi Efimeris, 2012-12-28, Part I(I), N 4373, pp. 2116-2156 (DOC.NORMES)
ISN: CYP-2012-L-100704
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=100704&p_lang=en
Bibliography: Epissimi Efimeris, 2012-12-28, Part I(I), N 4373, pp. 2116-2156 (DOC.NORMES)
Text in Greek Text in Greek Tipografio Kipriakis Dimokratias, Nicosia, Cyprus, pp. 2116-2156 PDF of Official Gazette in Greek PDF of Official Gazette in Greek (DOC.NORMES) (consulted on 2015-12-08)
Abstract/Citation: The present Law is promulgated for the purposes of harmonizing national legislation with European Parliament and Council Directive 2003/41/EC of 3 June 2003, on the activities and supervision of institutions for occupational retirement provision, as amended by article 4 of the European Parliament and Council Directive 2010/78/EU of 24 November 2010.

PART I: INTRODUCTORY PROVISIONS
(Articles 1-3)
PART II: INSPECTOR OF THE FUNDS FOR OCCUPATIONAL RETIREMENT PROVISION
(Article 4)
PART III: ESTABLISHMENT, REGISTER AND LEGAL STATUS OF THE FUNDS
(Articles 5-15)
PART IV: OPERATION AND SUPERVISION FRAMEWORK OF FUNDS SEATED IN THE REPUBLIC OF CYPRUS
(Articles 16-17)
PART V: ADMINISTRATION OF THE FUNDS, PROVISION AND JURISDICTION OF COURTS
(Articles 18-32)
PART VI: CAPITAL RESERVES, INVESTMENTS, ADMINISTRATORS, TRUSTEES AND CROSS-BORDER ACTIVITIES
(Articles 33-39)
PART VII: PROCEDURE OBSERVED BY THE FUND AND ADMINISTRATIVE POWERS OF THE INSPECTOR
(Articles 40-43)
PART VIII: PENAL PROVISIONS
(Articles 44-45)
PART IX: COUNCIL OF THE FUNDS OF OCCUPATIONAL RETIREMENT PROVISION
(Article 46)
PART X: COOPERATION WITHIN THE EUROPEAN UNION
(Article 47)
PART XI: WINDING UP, LIQUIDATION AND BANKRUPTCY OF THE FUND
(Articles 48-49)
PART XII: FINAL PROVISIONS
(Articles 50-56)

The present Law repeals the following Laws:
- N 44 of 1981, 150 of 1986, 23(I) of 1995, 130(I) of 2002 and 75(I) of 2005 on Welfare Funds
- N 146(I) of 2006 and 81(I) of 2007 on the Establishment, Activities and Supervision of Funds for Occupational Retirement Provision.
Basic text(s):
Repealed text(s):
Amending text(s):
Related text(s):

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer