commit in their schedules to give the US the benefits of market access

and national treatment. US suppliers providing pensions and funds

management services

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 will have access, on a non discriminatory

basis, to offer their services to private and/or public pension systems

provided by host countries. Where pension fund services are provided

through the commercial presence mode, US suppliers will be afforded

the choice of opportunities as provided in C.1 (a) and C.2 above.  US

suppliers providing public and private pension funds and services may

offer the range of product and investment options they find necessary

to meet benefit needs consistent with national treatment requirements.

D.

Market Access   Temporary Entry of Natural Persons

1. In general, nationality and residency requirements on personnel

should be avoided.

2.  Where a US insurance supplier operates through a commercial presence, it

may select, as its representative in the host country, any person who

physically resides in the host country, irrespective of nationality; provided

that the representative meets regulatory standards that identify competency

to perform services in such a role, and any other provisions relating to the

fitness of that individual to perform the obligations of a company

representative.

3.  In addition to the commitments undertaken in the general headnote to the

agreement schedule pertaining to the temporary entry of natural persons, the

following additional obligation is assumed with respect to insurance: host

countries shall provide temporary visa and associated work permits, where

required, to professional level personnel employed by the US insurance

services supplier's home and third country offices in a timely manner for the

purpose of entering the country and providing short and mid term assistance

to its host country insurance services operations.

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  Pension fund services would include the design of public and private pensions systems; the marketing of such

pensions to individuals, employers, and governmental entities; the investment of pension funds on behalf of

pension plan participants and retirees; and the administration of public and private pension plans including, but

not limited to, administrative services and record keeping, compliance and enrollment services.

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   These obligations under the fourth mode of supply must be read with undertakings in the headnotes to services

schedules addressing this category.  For countries that have scheduled according to the Understanding on Financial

Services, any specific obligations assumed under the Understanding must be read with these obligations.

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