INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 13, 2020 No. 5532-U

About modification of the Instruction of the Bank of Russia of December 5, 2019 No. 5343-U "About requirements for forming of structure and structure of pension reserves"

Based on paragraphs of the first and second Item 1, Item 5 of article 25 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; 2020, No. 30, Art. 4738):

1. Bring in the Instruction of the Bank of Russia of December 5, 2019 No. 5343-U "About requirements for forming of structure and structure of pension reserves", registered by the Ministry of Justice of the Russian Federation on March 16, 2020 No. 57758, the following changes.

1.1. In Item 1.1:

in subitem 1.1.3:

in paragraph three of the word "the subordinated bonds and bonds converted into shares" shall be replaced with words "bonds which conditions of release contain regulations that in case of insolvency (bankruptcy) of the issuer of the requirement for the specified bonded loan, and also according to financial sanctions for non-execution of obligations on bonded loan are satisfied after satisfaction of requirements of all other creditors (further - subordinated bonds), bonds, the decision on which release does not determine the term of their repayment (further, - bonds without repayment period), bonds of specialized society (the mortgage agent), the decision about which release contains condition, stipulated in Item the 8th article 15.1 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" (The Russian Federation Code, 1996, No. 17, Art. 1918; "The official Internet portal of legal information" (www.pravo.gov.ru), on July 31, 2020), and the bonds converted into shares (further in case of joint mentioning - the bond with features of repayment)";

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