DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of May 28, 2013 No. 896

About procedure for appointment of the company on asset management which will temporarily exercise asset management of the Accumulation pension fund

According to Item 13 of article 8 of the Law of Ukraine "About state regulation of the capital markets and the organized goods markets" and part two of article 87 of the Law of Ukraine "About obligatory national pension insurance" the National commission on securities and the stock market SOLVED:

1. Establish such procedure for appointment of the company on asset management which will temporarily exercise asset management of the Accumulation pension fund (further - the Accumulation fund):

1) appointment of the company on asset management which will temporarily exercise asset management of the Accumulation fund is performed by the National commission on securities and the stock market in case of receipt of the copy of the decision of Council of the Accumulation fund on the termination of powers of the company for asset management of accumulative system of pension insurance (further - the Company);

2) the company which will temporarily exercise asset management of the Accumulation fund is appointed to the term necessary for carrying out new tender and the conclusion of the contract between executive directorate of the Pension fund and the Company elected by results of tender;

3) if asset management of the Accumulation fund was exercised by two and more Companies, NKTsBFR makes the decision on accomplishment of powers of the Company on which termination of powers the relevant decision of Council of the Accumulation fund, another (others) the Company (Companies) for the term necessary for carrying out new tender and the conclusion of the contract with the Company elected by results of tender is made;

4) if asset management of the Accumulation fund was exercised by one Company, NKTsBFR performs such actions:

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