Principles for Regulating Investments of Pension Funds

The regulation of investments of pension funds has been considered as an element of the overall regulation of their activities. Different aspects of the main principles, on which the investment restrictions are based, have been characterised - the prudent investment principle and the principle of quantity restrictions. The legal framework in Bulgaria has been analysed from this point of view and the necessity for its amending has been justified. Based on a brief analysis of Bulgarian regulatory practice, some unsolved issues have been outlined.