INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of April 20, 2020 No. 5445-U

About modification of the Provision of the Bank of Russia of March 1, 2017 No. 580-P "About establishment of additional restrictions for investment of means of pension accruals of the non-state pension fund performing mandatory pension insurance, cases when managing company, being effective as the trustee with means of the pension accruals having the right to sign repurchase agreements, the requirements directed to restriction of risks on condition of which respect such managing company has the right to sign the agreements which are derivative financial instruments, additional requirements to credit institutions in which means of pension accruals and accumulating for housing providing the military personnel, and also the additional requirement which the managing company shall observe during validity of trust management of means of pension accruals for financing of funded pension are placed"

Based on item 4 of Article 24.1 and Item 11 of article 36.15 of the Federal Law of May 7, 1998 No. 75-FZ "About non-state pension funds" (The Russian Federation Code, 1998, No. 19, Art. 2071; 2003, No. 2, Art. 166; 2014, No. 30, Art. 4219; 2018, No. 31, Art. 4858; No. 32, Art. 5115):

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