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Loss not subject for compensation

Compensation for loss shall not be paid out of the Sectoral Fund to a unit-holder who at the time of incurring the loss is:

1) a member of the management board or supervisory board or an auditor of the pension management company which caused the loss;
2) a member of the management board or supervisory board of the depositary of the given pension fund;
3) the fund manager of the given pension fund;
4) the spouse of a person specified in clause 1)–3) of this section;
5) a member or the spouse of a member of the management board or supervisory board of the parent company of the pension management company which caused the loss.
 

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