Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of February 1, 2007 No. 63

About approval of Rules of investment of funds of pension reserves of non-state pension funds and control of their placement

(as amended on 26-08-2013)

According to article 25 of the Federal law "About Non-state Pension Funds" Government of the Russian Federation decides:

1. Approve the enclosed Rules of investment of funds of pension reserves of non-state pension funds and control of their placement (further - Rules).

2. Activities for investment of funds of pension reserves are subject to reduction in compliance with Rules within 6 months from the effective date of this resolution.

3. Non-state pension funds shall bring structure and structure of pension reserves into accord with Rules till February 1, 2012 in case of observance of the following conditions:

a) ceased to be valid

b) the actions directed to increase in the share of assets in which means of pension reserves are placed exceeding their most admissible share established by Rules, or equal to it are not allowed;

c) the actions directed to increase in share of assets in which means of pension reserves are placed over their most admissible share established by Rules or pension rules are not allowed if at the time of entry into force of this resolution it does not exceed the specified most admissible share;

d) acquisition of assets, not stipulated in Item 5 Rules, or the actions directed to increase in their share in pension reserves of non-state pension fund are not allowed;

e) availability and execution of the actions plan on reduction of structure and structure of pension reserves in compliance with Rules (further - the actions plan) in case, stipulated in Item 5 these resolutions.

3.1. For the purpose of reduction of structure and structure of pension reserves in compliance with Rules in case of observance of conditions, the stipulated in Item 3 presents of the resolution, transaction with assets in which means of pension reserves are placed can be made without observance of the requirements provided by Items 21 and 28 of Rules.

4. From the effective date of this resolution to provide to non-state pension funds within 10 working days to the Federal Service for Financial Markets the list of assets in which means of the pension reserves which are not provided by Rules are placed and (or) the share of which exceeds the most admissible share established by Rules, their number, cost and share in pension reserves of non-state pension fund as of the specified date.

5. Non-state pension funds which have total asset cost specified in item 4 of this resolution, are exceeded by 5 billion rubles, shall provide to the Federal Service for Financial Markets the actions plan in a month.

6. The actions plan shall contain:

a) the plan of asset retirement, specified in item 4 of this resolution, or reducing their share;

b) conditions of asset retirement, specified in item 4 of this resolution, in case of their sale;

c) annual planned amounts of asset retirement, specified in item 4 of this resolution, and in case of their sale at the biddings of organizers of trade in the security market - planned amounts of such sales.

7. In case of modification of the actions plan the specified changes go to the Federal Service for Financial Markets no later than the day following date of their introduction.

8. The Federal Service for Financial Markets has the right to demand change of the actions plan if its realization can violate the rights and legitimate interests of investors and members of non-state pension fund.

9. Declare invalid the order of the Government of the Russian Federation of December 23, 1999 No. 1432 "About approval of Rules of placement of pension reserves of non-state pension funds and control of their placement" (The Russian Federation Code, 1999, No. 52, the Art. 6418).

10. To the Federal Service for Financial Markets:

a) in 3-month time to develop and adopt in accordance with the established procedure the regulatory legal acts necessary for implementation of this resolution;

b) to submit within 6-month term within the Government of the Russian Federation the offers approved with the Ministry of Health and Social Development of the Russian Federation, the Ministry of Economic Development and Trade of the Russian Federation and the Ministry of Finance of the Russian Federation on investment of funds of pension reserves to real estate.

Russian Prime Minister

M. Fradkov

 

Approved by the Order of the Government of the Russian Federation of February 1, 2007 No. 63

Rules of investment of funds of pension reserves of non-state pension funds and control of their placement

I. General provisions

1. These rules establish procedure for investment of funds of pension reserves of non-state pension funds (daleefonda) and control of their placement, and also requirements for forming of structure and structure of pension reserves of funds.

2. Means of pension reserves are placed only for the purpose of preserving and surplus of means of pension reserves for the benefit of members of funds.

3. Investment of funds of pension reserves is performed by fund independently and (or) managing company (managing companies) of fund based on the trust management agreement of pension reserves.

4. Investment of funds of pension reserves of fund is performed according to the Federal Law "About Non-state Pension Funds", these rules, other regulatory legal acts, and also pension rules of fund and trust management agreements of pension reserves.

II. Requirements for forming of structure and structure of pension reserves of fund

5. Pension reserves of fund can constitute:

a) money, including foreign currency, placed on bank accounts and in bank deposits taking into account condition, stipulated in Item 11 these rules;

b) government securities of the Russian Federation;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 40000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.