an hour agoTrust without board, no one manages investments
Periskopi(3 years ago)
(3 years ago)By the end of February, all members of the Steering Board of the Kosovo Pension Savings Fund (FKPK) have completed their mandate. As the global financial crisis deteriorates, while in the absence of the Board, the savings collected from the Trust during these months can be invested in financial markets and whether it falls [...]
As the global financial crisis deteriorates, while in the absence of the Board, the savings collected by the Trust during these months can be invested in financial markets and that if the value of financial instruments invested in Trust tools is reduced, no one can make changes to avoid it.
As with the Trust Tool Investment Law, the Board alone decides on investment or attracting invested vehicles.
The value of investments early in March is $1.625853, while in January it was $1.647170.
Otherwise, the competition for electing new members has been closed on December 23rd, 2022, but since then the Commission responsible has not yet examined the candidates that have applied was the Trust's announcement.
In this communiqué, the Trust has warned of risks that could occur unless the Board is resolved in time.
