INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 9, 2016 No. 3970-U

About modification of the Provision of the Bank of Russia of December 25, 2014 No. 451-P "About establishment of additional restrictions for investment of means of pension accruals of the non-state pension fund performing mandatory pension insurance, additional requirements to credit institutions in which means of pension accruals and accumulating for housing providing the military personnel, and also additional requirements which managing companies shall observe during validity of trust management of means of pension accruals are placed"

1. Bring in the Provision of the Bank of Russia of December 25, 2014 No. 451-P "About establishment of additional restrictions for investment of means of pension accruals of the non-state pension fund performing mandatory pension insurance, additional requirements to credit institutions in which means of pension accruals and accumulating for housing providing the military personnel, and also additional requirements which managing companies shall observe during validity of trust management of means of pension accruals" are placed, registered by the Ministry of Justice of the Russian Federation on January 23, 2015 No. 35661, on August 21, 2015 No. 38631 ("the Bulletin of the Bank of Russia" of January 29, 2015 No. 6, of August 28, 2015 No. 71) the following changes.

1.1. Add Item 1.1 with subitem 1.1.11 of the following content:

"1.1.11. Transactions on acquisition of the securities specified in subitem 1.5.6 of Item 1.5 of this provision can consist only at the expense of means of pension accruals of funds, being participants of system of guaranteeing the rights of insured persons.".

1.2. In Item 1.4:

add subitem 1.4.2 with the words "and (or) in the list for calculation of the Index of MICEX";

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