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Possible application of certain types of credit ratings eligible for calculating capital of management companies of investment funds, unit investment funds and non-governmental pension funds and applicants for management company licences

21 December 2017
Press release

The Bank of Russia’s Board of Directors in its 15 December 2017 meeting decided to include non-financial company credit ratings on the national rating scale for the Russian Federation into credit ratings in the classification of Rating Agency Expert RA referred to in the 29 June 2017 Bank of Russia Board of Directors’ decision (information notice of 3 July 2017, posted on the Bank of Russia website: ‘On establishing long-term credit ratings of certain assets eligible for calculating capital of management companies of investment funds, unit investment funds and non-governmental pension funds and applicants for management company licences’) made to apply Bank of Russia Ordinance No. 4075-U, dated 19 July 2016 ‘On the Capital Requirements for Management Companies of Investment Funds, Unit Investment Funds, Non-governmental Pension Funds, and Applicants for Management Company Licences’.

This decision is to be applied as of the day it is published on the Bank of Russia website.


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