ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 11, 2015 No. 587

About requirements to credit institutions in which the organizations of federal mail service open accounts for transfer of the budget funds of Fund of pension and social insurance of the Russian Federation intended for payment of insurance pensions

According to part 16 of article 21 of the Federal law "About Insurance Pensions" Government of the Russian Federation decides:

1. Credit institutions in which the organizations of federal mail service open the accounts for transfer of budget funds of Fund of pension and social insurance of the Russian Federation intended for payment of insurance pensions (further - credit institutions), except for the credit institutions performing activities in the territories of the Republic of Crimea, Sevastopol and Baikonur shall meet the requirements provided by subitems "b", "m", "p" and "c" of Item 1 of the order of the Government of the Russian Federation of December 13, 2006 No. 761 "About establishment of additional restrictions for investment of means of the pension accruals transferred by Fund of pension and social insurance of the Russian Federation to trust management of managing company in currency deposits of the Russian Federation and foreign currency in credit institutions and accumulatings for housing providing the military personnel in deposits in rubles in credit institutions".

2. The credit institutions performing activities in the territories of the Republic of Crimea and (or) Sevastopol, and (or) Baikonur shall conform to the following requirements:

a) availability at credit institution of the general license of the Central bank of the Russian Federation for banking operations;

b) the term of activities of credit institution from the date of its registration in accordance with the legislation of the Russian Federation at least 5 years.

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