Regulator to set new investment rules

Costa Rica's pension regulator Supen is looking to introduce new rules targeted to regulate the investment policy of players operating within the country's pension system, local daily La Nacion reported. The new regulations are set to establish maximum investment levels and define the instruments, timescales and risk levels governing pension fund investment within both the private and public sector, the paper said. The goal of the new norms is to protect the pension funds through safe investments, pension regulator Javier Cascante was quoted as saying. Investment and risk administration committees will be set up to evaluate and select the instruments deemed appropriate for investment, Cascante added.