On cancelling qualification certificate

On 24 September 2015, the Bank of Russia took a decision to cancel series AVII-010 qualification certificate No. 000692 of financial market specialist in the activity on non-governmental pension funds on non-governmental pension provision, obligatory pension insurance and professional pension insurance issued to Mikhail Fedotov.

The reason to cancel the certificate was repeated violations by M.S. Fedotov of requirements of the Russian pension legislation. M.S. Fedotov acted as a controller of the non-profit organisation Non-governmental Pension Fund Uraloboronzavodsky (hereinafter, the Fund) during the period when the Fund committed repeated violations of requirements of the Russian pension legislation due to which the Fund’s licence to carry out pension provision and pension insurance No. 9/2, dated 27 July 2004, was cancelled (Bank of Russia Order No. OD-1930, dated 3 August 2015).

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24.09.2015 00.00.00