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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 3, 2010 No. 396

About approval of Rules of transfer of the state-owned managing company of means of pension accruals in the form of the permitted assets acquired at the expense of the means of insurance premiums for financing of funded pension which arrived in the Pension Fund of the Russian Federation in the corresponding year

(The last edition from 28-08-2018)

According to the Federal Law "About Investment of Means for Financing of Funded Pension in the Russian Federation" Government of the Russian Federation decides:

Approve the enclosed Rules of transfer of the state-owned managing company of means of pension accruals in the form of the permitted assets acquired at the expense of the means of insurance premiums for financing of funded pension which arrived in the Pension Fund of the Russian Federation in the corresponding year.

Russian Prime Minister

V. Putin

 

Approved by the Order of the Government of the Russian Federation of June 3, 2010 No. 396

Rules of transfer of the state-owned managing company of means of pension accruals in the form of the permitted assets acquired at the expense of the means of insurance premiums for financing of funded pension which arrived in the Pension Fund of the Russian Federation in the corresponding year

1. These rules determine procedure for transfer by the Pension Fund of the Russian Federation of the state-owned managing company of means of the pension accruals created for benefit of the insured persons which did not use option of investment portfolio of managing company or non-state pension fund, by transfer of assets, acquired by it at the expense of the means of insurance premiums for financing of funded pension which arrived in the Pension Fund of the Russian Federation in the corresponding year provided that acquired assets are securities which are resolved for investment of means of pension accruals in expanded investment portfolio of the state-owned managing company and for the translation between investment portfolios of different financial years (further - means of pension accruals in the form of the permitted assets).

2. Precedes transfer of means of pension accruals in the form of the permitted assets coordination by the state-owned managing company of structure of the means of pension accruals transferred to it in the form of the permitted assets in form according to appendix No. 1.

The state-owned managing company in time no later than 3 working days from the date of obtaining from the Pension Fund of the Russian Federation of the offer on coordination of structure of the means of pension accruals transferred to it in the form of the permitted assets signs the specified document and sends it to the Pension Fund of the Russian Federation or represents motivated refusal in coordination.

3. Securities are transferred at the cost calculated according to the subitem 7 of Item 1 of article 12 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation".

The cost of the specified assets is calculated following the results of the working day preceding date of transfer of the state-owned managing company of means of pension accruals in the form of the permitted assets determined in structure of the means of pension accruals transferred to it in the form of the permitted assets (appendix No. 1 to these rules).

The cumulative coupon yield is calculated for date of transfer of means of pension accruals in the form of the permitted assets of the state-owned managing company.

Transfer of government securities of the Russian Federation on which obligations are expressed in foreign currency is performed at the foreign exchange rates to ruble of the Russian Federation established by the Central bank of the Russian Federation for date of transfer of means of pension accruals in the form of the permitted assets of the state-owned managing company.

Transfer of means of pension accruals in the form of the permitted assets of the state-owned managing company is made no later than settlement date of net financial result which is received from temporary investment of funds of the insurance premiums for financing of funded pension which arrived in the Pension Fund of the Russian Federation in the corresponding accounting period.

4. In the day of transfer of means of pension accruals in the form of the permitted assets determined according to Item 3 of these rules, the Pension Fund of the Russian Federation and the state-owned managing company provide transition of the rights to securities and sign the deed of conveyance of means of pension accruals in the form of the permitted assets in form according to appendix No. 2.

5. The amount of the means of pension accruals delivered in trust management of the state-owned managing company in the form of the permitted assets is determined proceeding from the cost of the securities and the amount of cumulative coupon yield specified in the deed of conveyance of means of pension accruals in the form of the permitted assets.

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