Collective Investment and Trust Management Department

The Collective Investment and Trust Management Department regulates the operation of unit investment funds (UIFs) and joint-stock investment funds (JSIFs), non-governmental pension funds (NPFs), management companies, specialised depositories, agents for the issuance, redemption and exchange of investment units, and also controls and regulates the operation of supervised organisations and their self-regulatory organisations (SROs).

The Department prepares Bank of Russia regulations, drafts laws, ensures compliance with laws by collective investment market participants and their SROs, and applies enforcement measures if any violations are detected. Jointly with other units of the Bank of Russia, the Department takes efforts to suppress and discourage misconduct in the financial market.

The key objective of the Department is to ensure the financial sustainability of collective investment market participants. The Department analyses the financial standing of JSIFs, NPFs and their management companies, and monitors their compliance with the effective requirements for equity, NPF stress testing, and liquidity ratios.