ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of January 27, 2012 No. 38

About approval of Rules of investment of means of the insurance premiums for financing of funded pension which arrived within financial year in the Pension Fund of the Russian Federation

According to article 14 of the Federal law "About Investment of Means for Financing of Funded Portion of Work Pension in the Russian Federation" Government of the Russian Federation decides:

1. Approve the enclosed Rules of investment of means of the insurance premiums for financing of funded pension which arrived within financial year in the Pension Fund of the Russian Federation.

2. To the Ministry of Finance of the Russian Federation in 3-month time from the date of entry into force of this resolution to develop and approve:

a) standard form of the agreement of the Pension Fund of the Russian Federation with credit institution of investment of funds of the insurance premiums for financing of funded pension which arrived within financial year in the Pension Fund of the Russian Federation on currency deposits of the Russian Federation and procedure for its conclusion;

b) procedure of payments for credit institution of limit of investment of funds of the insurance premiums for financing of funded pension which arrived within financial year in the Pension Fund of the Russian Federation on currency deposits of the Russian Federation;

c) procedure for selection of requests of credit institutions for the conclusion with the Pension Fund of the Russian Federation of agreements of bank deposit and procedure for the conclusion with the Pension Fund of the Russian Federation of such agreements.

3. Recognize invalid:

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