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ST. MAARTEN | Pension funds

Pension funds in St. Maarten are supervised by the Central Bank pursuant to the National Ordinance on corporate pension fund or the National Ordinance APS, National Ordinance APNA or the National Ordinance on civil servants. Pursuant to these National Ordinances the Bank supervises the financial coverage ratios of the pension funds. The Pension Funds have to submit their financial statements to the Bank as well as that they need approval for Actuarial and Technical Business Reports (if applicable).