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

On 26 January 2015, the Bank of Russia considered applications of the following entities:

open joint-stock company RGS Non-Governmental Pension Fund (licence No. 407/2);

open joint-stock company Non-Governmental Pension Fund Telecom Soyuz (licence No. 94/2);

open joint-stock company Non-State Pension Fund StalFond (licence No. 296/2);

closed joint-stock company Non-Governmental Pension Fund Doverie (licence No. 318/2);

closed joint-stock company Non-Governmental Pension Fund European Pension Fund (licence No. 375/2);

closed joint-stock company Non-Governmental Pension Fund Vladimir (licence No. 57/2);

joint-stock company Interregional Non-Governmental Pension Fund BOLSHOI (licence No. 78/2) (hereinafter, the Funds);

and confirmed the compliance of the Funds 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 16 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 809 billion rubles of pension savings which accounts for 72.38% of the non-governmental pension fund pension savings market.

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26.01.2015 00.00.00