On cancellation of licence to carry out pension provision and pension insurance and appointment of provisional administration

On 6 August 2014, the Bank of Russia took a decision to cancel licence to carry out pension provision and pension insurance No. 418, dated 26 April 2004, of the Non-Governmental Pension Fund Industrialniy (PSRN: 1047796245782; ITN: 7705592126).

The Bank of Russia took this decision due to the non-governmental pension fund’s violation of requirements stipulated by Federal Law No. 75-FZ, dated 7 May 1998, ‘On Non-Governmental Pension Funds’ when managing pension savings, and the repeated violations within a year of requirements to the provision of information stipulated by the federal laws and the corresponding regulations of the Russian Federation and Bank of Russia regulations in compliance with which the non-governmental pension fund conducts its licenced activity, and becomes effective the day it is taken.

On 6 August 2014, the Bank of Russia appointed a provisional administration to the Non-Governmental Pension Fund Industrialniy and suspended powers of its executive bodies.

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07.08.2014 00.00.00