Kanton Glarus

Scope of Application

1 This Decree applies to

a. pension schemes with their registered office in the Cantons of Glarus, Appenzell Ausserrhoden, Appenzell Innerrhoden, St. Gallen, Graubünden, and Thurgau;

b. foundations within the meaning of Articles 80–89 of the Swiss Civil Code (ZGB) (classical foundations) with their registered office in the Cantons of St. Gallen and Thurgau.

2 It is not applicable to pension schemes and classical foundations subject to federal supervision or to the supervision of a municipality in the Canton of Thurgau, nor to ecclesiastical foundations and family foundations.

Jurisdiction

1 The Eastern Switzerland BVG and Foundation Supervisory Authority is the supervisory authority.

2 For classical foundations subject to its supervision, it is also the amendment and transformation authority. This also applies to classical foundations subject to communal supervision. *

2. Duties of the Pension Fund and the Classical Foundation

2.1. Submission of Documents

Regulation

¹ The pension fund or the classic foundation shall submit new or amended regulations to the supervisory authority unsolicited.

1) GS III B/4/2

SBE XII/1 3

1

III B/4/2/2

1. Die Vorsorgeeinrichtung reicht der Aufsichtsbehörde die jährlichen Berichte unaufgefordert innert sechs Monaten nach Abschluss des Geschäftsjahres ein.

2. Sie stellt zu

| | | | | | --- | --- | --- | --- | | a. | die genehmigte und rechtsgültig unterzeichnete Jahresrechnung; | | |

| | | | | | --- | --- | --- | --- | | b. | den Bericht über die Geschäftstätigkeit; | | |

| | | | | | --- | --- | --- | --- | | c. | den Bericht der Revisionsstelle; | | |

| | | | | | --- | --- | --- | --- | | d. | den Bericht des Experten für berufliche Vorsorge über die periodische Überprüfung. | | |

1. Die klassische Stiftung reicht der Aufsichtsbehörde die jährlichen Berichte unaufgefordert innert sechs Monaten nach Abschluss des Geschäftsjahres ein.

2. Sie stellt zu

| | | | | | --- | --- | --- | --- | | a. | die genehmigte und rechtsgültig unterzeichnete Jahresrechnung; | | |

| | | | | | --- | --- | --- | --- | | b. | den Bericht über die Geschäftstätigkeit; | | |

| | | | | | --- | --- | --- | --- | | c. | den Bericht der Revisionsstelle, wenn nicht eine Befreiung nach Artikel 83b Absatz 2 ZGB vorliegt. | | |

1. Die Vorsorgeeinrichtung oder die klassische Stiftung reicht auf Verlangen weitere Unterlagen ein.

Duty to Inform Insured Persons

1 The pension institution

a.

b.

c.

d.

provides beneficiaries with the enactments governing the pension

relationship in a suitable form and informs them in the same way

about their amendment and repeal;

provides beneficiaries annually with information concerning them

regarding contributions and entitlements to pension and vested

benefits;

informs beneficiaries annually in a suitable form about the course of

business;

grants beneficiaries, upon request, access to the annual financial

statements and the report of the auditing body.

2

III B/4/2/2

Duty to Inform the Supervisory Authority

1 The pension institution or the classic foundation must immediately notify

the supervisory authority of any events that could significantly affect its assets

or its future activities.

3. Tasks of the Supervisory Authority

Principle

1 The supervisory authority

a. fulfills the tasks assigned to it by legislation;

b. maintains the register on occupational benefits schemes;

c. issues the orders necessary for the fulfillment of its tasks.

### Access to Documents

1. The supervisory authority shall inspect the submitted documents.

2. The inspection does not relieve the responsible organs of the pension institution or the classical foundation of their liability.

Objects

1 The supervisory authority issues rulings, in particular, concerning

a. Subordination of the pension fund or the classic foundation to its supervision;

b. Registration of the pension fund;

c. Amendment or deletion in the register for occupational pension schemes;

d. Amendment or new drafting of the foundation deed or other legal bases of a pension fund or classic foundation;

e. Approval of asset transfers or divisions between pension funds;

f. Merger or dissolution of pension funds;

g. Approval of the full and partial liquidation regulations of pension funds.

Measures to Rectify Deficiencies

1 The supervisory authority orders the appropriate measures to rectify deficiencies, in particular by

a. issuing instructions to the pension scheme, the traditional foundation, the auditing body, or the expert for occupational pension provision;

b. dismissing organs of the pension scheme or the traditional foundation and appointing interim administrations;

c. amending or revoking decisions of the pension scheme or the traditional foundation;

d. obtaining expert opinions;

e. inspecting the management and accounting at the seat of the pension scheme or the traditional foundation;

f. ordering substitute performance;

g. imposing disciplinary fines.

4. Legal Protection

1. Decisions of the supervisory authority concerning occupational pension

schemes may be challenged.

2. The competent cantonal court shall decide disputes between pension

funds, employers, and beneficiaries in litigation proceedings.

3. Decisions of the supervisory authority concerning classic foundations

may be appealed against: for foundations with their registered office in the Canton of St. Gallen, to the Department of Finance of the Canton of St. Gallen; for foundations with their registered office in the Canton of Thurgau, to the Department of Finance and Social Affairs of the Canton of Thurgau; and for foundations with their registered office in the Canton of Ticino, to the Tribunale d'appello in Lugano. *

5. Final Provisions

1. Die Verfahrensrechtlichen Bestimmungen vom 19. April 2007 betreffend die Aufsicht über Vorsorgeeinrichtungen und Stiftungen werden aufgehoben.

1. Dieser Erlass wird ab 1. Januar 2011[[2]](#paragraphtext_content_fn_272110_2_2_c) angewendet.

2. Er wird nach Artikel 7 der Interkantonalen Vereinbarung vom 26. September 2005 über die Ostschweizer BVG- und Stiftungsaufsicht in den Vereinbarungskantonen publiziert.