On cancelling licence of non-governmental pension fund and appointing provisional administration
By its Order No. OD-3526, dated 10 December 2015, the Bank of Russia cancelled the licence to carry out pension provision and pension insurance of the Non-governmental Pension Fund Time (PSRN: 1021801512963; TIN: 1833012041).
The reason to take such extreme measure was the failure of the Non-governmental Pension Fund Time to comply with the Bank of Russia instruction to remove the violation of federal laws or related regulations of the Russian Federation and those of the Bank of Russia under which the Fund conducts its licensed activity that resulted in a ban to fully or partially carry out operations envisaged by Article 34.1 of Federal Law No.
Due to the licence cancellation, by its Order No. OD-3527, dated 10 December 2015, the Bank of Russia appointed a provisional administration to manage the Non-governmental Pension Fund Time.
The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by Russian legislation.
При использовании материала ссылка на Пресс-службу Банка России обязательна.