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

On 26 December 2014, the Bank of Russia reviewed the claims of:

the open joint-stock company Non-Governmental Pension Fund of the Electric Power Industry (licence No. 3/2);

the open joint-stock company Non-Governmental Pension Fund LUKOIL-GARANT (licence No. 432);

the Non-Governmental Pension Fund REGIONFOND (closed joint-stock company) (licence N0. 334/2) (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 nine 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 649 billion rubles of pension savings which accounts for 59.05 percent of the non-governmental pension fund pension savings market.

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26.12.2014 00.00.00