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RLWeek December 13-20, 2020: Changes in the obligations related to reporting and transparency in the privately administered pension system. The European Court of Human Rights in the Lascau case ruled, convicting the state to pay 1500 euros in moral damages, for taking the conviction of a person accused of taking bribes without listening to witnesses

Changes in the obligations related to reporting and transparency in the privately administered pension system

Standard no. 42/2020 for the amendment of article 30 of the Standard of the Financial Supervision Authority no. 24/2015 on reporting obligations and transparency in the privately administered pension system is published in the Official Gazette, Part I no. 1242 of December 16, 2020.

By amending article 30 of the Standard of the Financial Supervision Authority no. 24/2015 on the obligations of reporting and transparency in the privately managed pension system, the administrators are obliged to publish quarterly the structure of the investment portfolio for each financial instrument and for each issuer, with data on the present value, in lei, and the share held in the total assets of the privately managed pension fund at the end of the quarter, until the end of the following quarter, on their own website, for the privately managed pension fund.

This Regulation shall enter into force on 16 December 2020.

The Chamber of Deputies adopted the draft law by which tax evasion can be sanctioned only with a fine, if the defendant pays the damage in full. UPDATE: The Ministry of Justice proposes to the Government to contest at the Romanian Constitutional Court the amendment of Law 241/2005. UPDATE: The High Court of Cassation and Justice shall notify the Romanian Constitutional Court for the control of constitutionality.

According to a press release, on Thursday, December 17, 2020, the High Court of Cassation and Justice decided, unanimously, to notify the Constitutional Court of Romania for the control of the constitutionality, before the promulgation, of the Law on amending and supplementing Law no. 241/2015 for preventing and combating tax evasion (PL-x no. 354/2018/2020).

The Supreme Council of the Magistracy shall not issue an opinion on the legislative proposal for amending and supplementing Law no. 51/1991 regarding the national security of Romania. UPDATE: The Supreme Council of the Magistracy the arguments behind the decision.

On Friday, December 18, 2020, the Superior Council of Magistracy published the arguments that substantiated the solution of the Plenum of the Superior Council of Magistracy.

The European Court of Human Rights in the Lascau case ruled, convicting the state to pay 1500 euros in moral damages, for taking the conviction of a person accused of taking bribes without listening to witnesses.

The request concerns, from the perspective of article 6 paragraph 1 of the Convention, the conviction of the applicant by the the High Court of Cassation and Justice, on the basis of evidence considered by the Brașov Tribunal and the Brașov Court of Appeal to be insufficient.

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