INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 1, 2026 No. 7436-U

About modification of the Instruction of the Bank of Russia of June 29, 2023 No. 6477-U

Based on paragraph two of Item 1 of article 20 of the Federal Law of May 7, 1998 No. 75-FZ "About non-state pension funds", the subitem 4 of Item 2 of article 296 of the Tax Code of the Russian Federation and paragraphs of the third and fourth subitem "b" of Item 17 of article 3 of the Federal Law of July 10, 2023 No. 299-FZ "About modification of separate legal acts of the Russian Federation":

1. Bring in the Instruction of the Bank of Russia of June 29, 2023 No. 6477-U "About the normative size of insurance reserve of non-state pension fund, procedure for its forming, procedure of assignments on its forming and procedure for its use" <1> following of change:

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<1> It is registered by the Ministry of Justice of the Russian Federation on October 12, 2023, registration No. 75554, with the changes made by the Instruction of the Bank of Russia of June 28, 2024 No. 6780-U (it is registered by the Ministry of Justice of the Russian Federation on August 2, 2024, registration No. 78995).

1.1. In Item 1.3:

add subitem 1.3.2 with words ", forming of long-term savings";

add with subitem 1.3.5 of the following content:

"1.3.5. Means of reserves of covering of pension liabilities in the amount of remaining balance of means on accounts of the long-term savings reflected in accounts of long-term savings after payment to investors and (or) participants of the redemption amounts according to Item 1 of article 36.41 of the Federal law "About Non-state Pension Funds" and created at the expense of the savings fees paid by investors in accordance with the terms of agreements of long-term savings, except for the case provided by subitem 1.3.4 of this Item.".

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