BELGIUM - New pension fund reporting requirements imposed by both the Banking, Finance and Insurance Commission (CBFA) and the National Bank of Belgium (BNB) have been branded excessive and costly administrative burdens by the Belgian Association of Pension Funds (BPFA).
Secretary general Hugo Clemeur said reporting obligations issued by the Commissie Voor Het Bank, Financie en Assurantiewezen (CBFA) at the beginning of 2006 were considered unnecessary by the assoc...
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