On non-governmental pension fund compliance with requirements of participation in rights assurance system of insured persons

On 22 April 2015, the Bank of Russia considered applications of the following entities:

closed joint-stock company Orenburg Non-Governmental Pension Fund Doverie (licence No. 237/2);

open joint-stock company Non-Governmental Pension Fund Surgutneftegaz (licence No. 433) (hereinafter, the Funds)

and confirmed the compliance of the Funds with the requirements of participation in the rights assurance system of the insured persons based on the provisions of Federal Law No. 422-FZ, dated 28 December 2013, ‘On Rights Assurance of the Insured Persons in the Compulsory Pension Insurance System of the Russian Federation Regarding Formation and Investment of the Pension Accruals, Determining and Conducting the Payments Through Pension Accruals’.

Considering the Bank of Russia decisions taken earlier, the Bank of Russia has already approved 26 non-governmental pension funds as regards their compliance with the requirements of participation in the rights assurance system of the insured persons. These funds manage 947 billion rubles of pension savings which account for 84.64% of the non-governmental pension fund pension savings market.

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22.04.2015 00.00.00