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

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:

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

Approved by the Order of the Government of the Russian Federation of July 22, 2014 No. 686

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

1. These rules determine procedure for investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance performed by the Pension Fund of the Russian Federation proceeding from need of ensuring the principles of recoverability, reliability, profitability and liquidity.

2. Investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance is performed according to the procedure, established for investment of the amounts of the insurance premiums for financing of funded portion of work pension arriving within financial year in the Pension Fund of the Russian Federation according to Item 3 of article 14 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" taking into account the features established by these rules.

3. The permitted assets for investment of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance are the assets specified in Item 3 of article 14 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" for investment of means of the insurance premiums for financing of funded portion of work pension arriving within financial year in the Pension Fund of the Russian Federation.

4. The amount of means of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance which is subject to investment and term during which means of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance are subject to investment are determined by the Pension Fund of the Russian Federation.

5. When scoping means of reserve of the Pension Fund of the Russian Federation 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.

6. Investment incomes of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance belong on surplus of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance.

7. The Pension Fund of the Russian Federation quarterly accruing result along with the performance report of the budget of the Pension Fund of the Russian Federation 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 reserve of the Pension Fund of the Russian Federation on mandatory pension insurance 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.

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