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LEGAL BASIS FOR COLLECTIVE INVESTMENT UNDERTAKINGS

Law no. 56/2020 “On Collective Investment Undertakings” approved by the Parliament of the Republic of Albania and regulations approved in implemention of the law, issued by the Financial Supervisory Authority are the basis of activities and operations of the Investment Fund “Credins Premium”. The requirements of the law and regulations are an integral part of the “Credins Premium” Fund Prospectus.

Law no. 56/2020

DEPOSITORY

The depository bank where the assets of the “Credins Premium” Fund are stored is American Bank of Investments. The Fund does not carry any risk of the Depository bank or the Management Company, according to the Albanian law and the international principles of creation and administration of the Funds. The Fund’s assets cannot be subject to claims or executions, carried out on behalf of the Management Company or the Depositary creditors. The fund cannot be part of the bankruptcy proceedings.

  • Is licensed by the Bank of Albania and the Financial Supervisory Authority for the activity of guardianship and depositor of Investment Funds;
  • Regulated and supervised by Financial Supervisory Authority;
  • Protects the interests of fund members;
  • Reports any violations of the Management Company to the Financial Supervisory Authority;
  • Performs the function of controlling the implementation of legality and independent reporting of the Fund.

You can refer to the official website of the regulator Financial Supervisory Authority, for legislation, publications and latest news regarding to pension funds and investment funds operating in the Republic of Albania.

Dear members of the Pension Fund,

 

On the occasion of the 10th anniversary of the activity of the "Credins Pension" fund, we are pleased to announce that the administration fee has been reduced from 2.4% to 2% per annum of the net asset value of the Fund, resulting in a better return for the members of the Pension Fund.

The application of the new fee starts from December 15, 2021!

 

Thank you for your cooperation,

Credins Invest