Norm no. 10/2026 amending and supplementing the Norm No. 28/2017 of the Financial Supervisory Authority (FSA)

The FSA has adopted a new regulation that amends and supplements the regulatory framework applicable to the use of the net individual assets of participants in voluntary pension funds.

The changes are as follows:

• Updating the situations in which participants may request payment of their net individual assets.
• Increasing flexibility in respect to payment methods for amounts from voluntary pension funds. Participants receiving payments in installments may opt at any time for a full settlement, may request a change in the amount, or may change the payment method from postal order to bank transfer.
• Clarifying the procedure for the submission of documents through electronic means via qualified electronic signatures.

These provisions enter into force on the date of publication in the Official Gazette of Romania, namely 15 April 2026.

For more details, please consult the Official Gazette website.

The EY team is available for further details on the above.