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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 22, 2019 No. 792

About procedure for investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance and about recognition voided some acts of the Government of the Russian Federation

According to Item 9 of article 30.1 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" Government of the Russian Federation decides:

1. Approve the enclosed Rules of investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance (further - Rules).

2. To the Ministry of Finance of the Russian Federation in 5-month time to develop and approve:

a) standard form of the agreement of the Pension Fund of the Russian Federation with credit institution of investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance into currency deposits of the Russian Federation and procedure for its conclusion;

b) procedure of payments for credit institution of limit of investment of reserve of the Pension Fund of the Russian Federation of mandatory pension insurance into currency deposits of the Russian Federation;

c) procedure for selection of requests of credit institutions for the conclusion with the Pension Fund of the Russian Federation of the agreements of bank deposit signed for the purpose of investment of means of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance and procedure for the conclusion of such agreements.

3. Determine that:

a) if on the date of entry into force of this resolution the reserve of the Pension Fund of the Russian Federation on mandatory pension insurance was invested in deposits in the credit institution which is not conforming to the requirements established by Rules, such agreements of bank deposit are effective before the termination of term of their action;

b) if on the date of entry into force of this resolution the credit institution with which the Pension Fund of the Russian Federation signs the agreement on investment of funds of the insurance premiums for financing of funded pension which arrived within financial year in the Pension Fund of the Russian Federation conforms to the requirements established by Rules and if the submitted earlier supporting documents do not require updating, then their repeated representation is not required.

4. Recognize invalid:

the order of the Government of the Russian Federation of July 22, 2014 No. 686 "About approval of Rules of investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance" (The Russian Federation Code, 2014, No. 31, the Art. 4412);

Item of 44 changes which are made to acts of the Government of the Russian Federation, approved by the order of the Government of the Russian Federation of August 4, 2015 No. 790 "About introduction of amendments to some acts of the Government of the Russian Federation and recognition No. 97 which voided orders of the Government of the Russian Federation of February 11, 2002" (The Russian Federation Code, 2015, No. 33, the Art. 4824).

5. This resolution becomes effective after 180 days from the date of its official publication, except for Item 2 of this resolution which is becoming effective from the date of official publication of this resolution.

Russian Prime Minister

D. Medvedev

Approved by the Order of the Government of the Russian Federation of June 22, 2019 No. 792

Rules of investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance

1. These rules establish procedure for investment of reserve of the Pension Fund of the Russian Federation (further - Fund) on mandatory pension insurance.

2. The amount of means of reserve of Fund for mandatory pension insurance (further - means of reserve) which is subject to investment and term during which means of reserve are subject to investment are determined by Fund.

3. When scoping means of the reserve which is subject to investment expenses in the directions, stipulated in Item the 7th article 30.1 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" are considered.

4. Investment incomes of means of reserve belong on surplus of means of reserve.

5. The fund quarterly accruing result along with the performance report of the budget of Fund for the corresponding period of the current financial year represents to the Ministry of Labour and Social Protection of the Russian Federation and the Ministry of Finance of the Russian Federation the report on the directions, amounts and results of investment of means of reserve on the form approved with the Ministry of Labour and Social Protection of the Russian Federation and the Ministry of Finance of the Russian Federation.

6. Investment of means of reserve into government securities of the Russian Federation on which obligations are expressed in currency of the Russian Federation (further - government securities) is allowed in case of observance of the additional restrictions set by the Government of the Russian Federation according to Item 6 of article 26 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation".

7. Government securities are acquired by Fund in accordance with the legislation of the Russian Federation.

8. The fund has the right to sign service agreements in the market of government securities with the agent of the Government of the Russian Federation on servicing of government securities, their placement, the redemption, exchange and repayment, and also with the organization performing functions of depositary on accounting of the property rights of owners of government securities if the conclusion of such agreements is provided by conditions of issue and the address of government securities.

9. The fund has the right to sign service agreements in the market of government securities with the agent on acquisition and sale of government securities, and also with the organization performing functions of depositary, attracted on competitive basis. The procedure and conditions of carrying out tender are determined by Fund in accordance with the legislation of the Russian Federation.

10. In case of investment of means of reserve into currency deposits of the Russian Federation the credit institution shall conform to the following requirements (taking into account the features established by Items 11 and 13 of these rules):

a) availability of the universal license;

b) availability of own means (capital) in the amount of at least 25 billion rubles across the Russian Federation which is available in the Central bank of the reporting on the date of check of compliance of credit institution to the requirements provided by subitems "a", "v" and "g" of this Item;

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