• 12 Neglinnaya Street, Moscow, 107016 Russia
  • 8 800 300-30-00
  • www.cbr.ru
What do you want to find?

On cancelling licence to carry out pension provision and pension insurance

3 August 2015
Press release

By its Order No. OD-1926, dated 3 August 2015, the Bank of Russia cancelled licence to carry out pension provision and pension insurance of the Non-Profit Organisation Non-Governmental Pension Fund Uraloboronzavodsky (hereinafter, the Fund) (PSRN 1026605393165, TIN 6662062747) from 3 August 2015.

The reasons to take this decision were as follows:

violation of requirements stipulated by Federal Law No. 75-FZ, dated 7 May 1998, ‘On Non-Governmental Pension Funds’ when managing pension savings by the Fund;

repeated violations within a year of requirements for the dissemination, submission or disclosure of information stipulated by federal laws and related regulations of the Russian Federation;

failure to comply with the Bank of Russia’s instruction to remedy the violations of the laws related to the pension savings investment arrangements.

Due to cancelling of the licence, by its Order No. OD-1927, dated 3 August 2015, the Bank of Russia appointed a provisional administration to manage the Non-Profit Organisation Non-Governmental Pension Fund Uraloboronzavodsky.

The Bank of Russia shall reimburse the pension savings to the insured persons in the amount and in the manner stipulated by the laws of the Russian Federation.


The reference to the Press Service is mandatory if you intend to use this material.

03.08.2015 00.00.00