ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of August 28, 2018 No. 1015

About establishment of the maximum share in investment portfolio of the assets estimated at cost, excellent from market and also requirements to such assets in case of investment of means of pension accruals and about introduction of amendments to some acts of the Government of the Russian Federation

According to Item 8 of article 28 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" Government of the Russian Federation decides:

1. Determine that the maximum share in investment portfolio of the assets estimated at cost, excellent from market, except for money, placed in deposits in credit institutions shall not exceed 60 percent of cost of the investment portfolio of managing company.

2. Determine that the assets of investment portfolio of managing company estimated at the cost other than market shall conform to the following requirements:

a) government securities of the Russian Federation on which obligations are expressed in currency of the Russian Federation shall be specially issued for investment of funds of institutional investors or term before repayment (the obligatory offer) of such securities shall be at least 1820 calendar days from start date of their placement (date of the previous obligatory offer);

b) bonds of the Russian issuers, except for the securities specified in the subitem "an" of this Item shall conform to the following requirements at the same time:

term before repayment (the obligatory offer) of bonds at least 1820 calendar days from start date of their placement (date of the previous obligatory offer);

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