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FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 24, 2002 No. 111-FZ

About investment of means for financing of funded pension in the Russian Federation

(The last edition from 03-08-2018)

Accepted by the State Duma of the Russian Federation on June 26, 2002

Approved by Council of the Russian Federation on July 10, 2002

This Federal Law establishes the legal basis of the relations on forming and investment of means of the pension accruals intended for financing of funded pension determines features of legal status, the right, obligation and responsibility of subjects and participants of the relations by forming and investment of means of pension accruals, and also establishes bases of state regulation of control and supervision in the sphere of forming and investment of means of pension accruals.

Chapter 1. General provisions

Article 1. Subject of regulation and scope of this Federal Law

Subject of regulation of this Federal Law are the relations connected with forming and investment of means of pension accruals for financing of payment of funded pension.

Article 2. The legislation on investment of means of pension accruals in the Russian Federation

The legislation on investment of means of pension accruals in the Russian Federation consists of the Constitution of the Russian Federation, the Civil code of the Russian Federation, this Federal Law, the Federal Laws governing the relations in the sphere of mandatory pension insurance, other Federal Laws.

In the cases provided by the Federal Laws, relations management, connected with investment of means of pension accruals it is performed on the basis of regulatory legal acts of the Russian Federation and regulations of the Central bank of the Russian Federation.

The legislation of the Russian Federation on investments and investing activities is applied to the relations on investment of pension accruals into parts, not contradicting this Federal Law.

If the international treaty of the Russian Federation establishes other rules, than provided by this Federal Law rules of the international treaty of the Russian Federation are applied.

Article 3. The basic concepts and terms applied in this Federal Law

For the purpose of this Federal Law the following basic concepts and terms are applied:

1) pension accruals - the set of means including:

the amounts of insurance premiums for financing of funded pension, and also the amount of additional insurance premiums for funded portion of work pension, the amount of fees of the employer for benefit of insured person paid according to the Federal Law of April 30, 2008 to No. 56-FZ "About additional insurance premiums for funded pension and the state support of forming of pension accruals" (further - the Federal Law "About Additional Insurance Premiums for Funded Pension and the State Support of Forming of Pension Accruals"), which arrived in the Pension Fund of the Russian Federation and not delivered in trust management to managing companies yet, including net financial result which is received from temporary placement of the specified insurance premiums and fees of the employer by the Pension Fund of the Russian Federation and which procedure of payments for the purpose of this Federal Law is established by authorized federal executive body;

the amounts of fees on joint financing of forming of pension accruals which arrived in the Pension Fund of the Russian Federation according to the Federal Law "About Additional Insurance Premiums for Funded Pension and the State Support of Forming of Pension Accruals";

the funds (part of means) of the maternity (family) capital allocated for forming of funded pension according to the Federal Law of December 29, 2006 No. 256-FZ "About additional measures of the state support of the families having children" (further - the Federal Law "About Additional Measures of the State Support of the Families Having Children") and not delivered in trust management to managing companies, and also non-state pension funds yet;

the means delivered in trust management to managing companies of the Pension Fund of the Russian Federation according to this Federal Law;

the means which arrived in the Pension Fund of the Russian Federation from managing companies for payment to insured persons and their legal successors and are not directed to pension payment yet;

the funds (part of means) of the maternity (family) capital allocated for forming of funded pension, which arrived in the Pension Fund of the Russian Federation from managing companies and non-state pension funds in case of refusal of insured person from the direction them on forming of funded pension and the choice of other direction of use according to the Federal Law "About Additional Measures of the State Support of the Families Having Children" and not directed yet on the specified purposes;

the means which arrived in the Pension Fund of the Russian Federation from managing companies for transfer to non-state pension funds according to statements of insured persons and are not transferred to non-state pension funds yet;

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