INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 11, 2017 No. 4489-U

About modification of the Provision of the Bank of Russia of March 1, 2017 No. 580-P "About establishment of additional restrictions for investment of means of pension accruals of the non-state pension fund performing mandatory pension insurance, cases when managing company, being effective as the trustee with means of the pension accruals having the right to sign repurchase agreements, the requirements directed to restriction of risks on condition of which respect such managing company has the right to sign the agreements which are derivative financial instruments, additional requirements to credit institutions in which means of pension accruals and accumulating for housing providing the military personnel, and also the additional requirement which the managing company shall observe during validity of trust management of means of pension accruals for financing of funded pension are placed"

1. Based on Article 24.1 and Item 11 of article 36.15 of the Federal Law of May 7, 1998 No. 75-FZ "About non-state pension funds" (The Russian Federation Code, 1998, No. 19, Art. 2071; 2001, No. 7, Art. 623; 2002, No. 12, Art. 1093; 2003, No. 2, Art. 166; 2004, No. 49, Art. 4854; 2005, No. 19, Art. 1755; 2006, No. 43, Art. 4412; 2007, No. 50, Art. 6247; 2008, No. 18, Art. 1942; No. 30, Art. 3616; 2009, No. 29, Art. 3619; No. 48, Art. 5731; No. 52, Art. 6450, Art. 6454; 2010, No. 17, Art. 1988; No. 31, Art. 4196; 2011, No. 29, Art. 4291; No. 48, Art. 6728; No. 49, Art. 7036, Art. 7037, Art. 7040, Art. 7061; 2012, No. 31, Art. 4322; No. 47, Art. 6391; No. 50, Art. 6965, Art. 6966; 2013, No. 19, Art. 2326; No. 30, Art. 4044, Art. 4084; No. 49, Art. 6352; No. 52, Art. 6975; 2014, No. 11, Art. 1098; No. 30, Art. 4219; 2015, No. 27, Art. 3958, Art. 4001; No. 29, Art. 4357; 2016, No. 1, Art. 41, Art. 47; No. 27, Art. 4225; 2017, No. 31, of the Art. 4754) to bring in the Provision of the Bank of Russia of March 1, 2017 No. 580-P "About establishment of additional restrictions for investment of means of pension accruals of the non-state pension fund performing mandatory pension insurance, cases when managing company, being effective as the trustee with means of the pension accruals having the right to sign repurchase agreements, the requirements directed to restriction of risks on condition of which respect such managing company has the right to sign the agreements which are derivative financial instruments, additional requirements to credit institutions in which means of pension accruals and accumulating for housing providing the military personnel, and also the additional requirement are placed which the managing company shall observe during validity of trust management of means of pension accruals for financing of funded pension", registered by the Ministry of Justice of the Russian Federation on June 23, 2017 No. 47127, the following changes.

1.1. In subitem 1.4.4 of Item 1.4:

in paragraph one of the word of "paragraph one" shall be replaced with words "paragraph two";

to state the paragraph of the sixth in the following edition:

"bonds (except for subordinated bonds of the credit institutions and bonds specified in paragraph four of subitem 1.1.2 of Item 1.1 of this provision) to which release score lower than the level, the Bank of Russia established by the Board of directors is assigned, and in case of its absence - score lower than the level, the Bank of Russia established by the Board of directors is assigned to bond issuing institution, or the rating of bond issuing institution is absent, and in the presence of the guarantor (guarantor) on such bonds score lower than the level, the Bank of Russia established by the Board of directors is assigned to it, or the rating of the guarantor (guarantor) is absent;".

1.2. Item 1.7 after words "conforming to the requirements specified in Item 2.1 of this provision" to add with words ", taking into account provisions of Item 2.3 of this provision".

1.3. In Item 4.2:

add with new paragraph one of the following content:

"4.2. The paragraph the fourth subitem 1.1.2 of Item 1.1 of this provision acts till December 31, 2017 inclusive.";

the first - third to consider paragraphs paragraphs the second - the fourth.

2. This Instruction becomes effective after 10 days after day of its official publication.

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