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Bank of Russia to expand opportunities for investing pension reserves in IPOs

4 April 2024

Non-governmental pension funds (NPFs) will be able to purchase issuers’ shares as part of an initial public offering (IPO) if their aggregate value in on-exchange trading is at least ₽3 billion. Now, the threshold is ₽50 billion. The Bank of Russia has published the relevant draft ordinance for public consultation.

The ordinance proposes that the proportion of shares that an NPF is allowed to purchase be increased from 5% to 10% of the total offering. The Bank of Russia previously developed similar requirements for investing pension savings in IPOs.

Moreover, NPFs are allowed to conclude individual derivative contracts in the over-the-counter market.

Preview photo: New Africa / Shutterstock / Fotodom
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