On non-governmental pension fund compliance with requirements of participation in rights assurance system of insured persons

On 24 June 2015, the Bank of Russia considered an application of the open joint-stock company Interregional Non-Governmental Pension Fund AKVILON (licence No. 326/2) (hereinafter the Fund) and confirmed the Fund’s compliance with the requirements of participation in the rights assurance system of the insured persons based on the provisions of Federal Law No. 422-FZ, dated 28 December 2013, ‘On Rights Assurance of the Insured Persons in the Compulsory Pension Insurance System of the Russian Federation Regarding Formation and Investment of the Pension Accruals, Determining and Conducting the Payments Through Pension Accruals’.

Considering the Bank of Russia decisions taken earlier, the Bank of Russia has already approved 28 non-governmental pension funds as regards their compliance with the requirements of participation in the rights assurance system of the insured persons. These funds manage 1532.06 billion rubles of pension savings which account for 91.49% of the non-governmental pension fund pension savings market.

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24.06.2015 00.00.00