The Bank of Russia took a decision to introduce a ban on the following operations carried out by Novy Vek Non-governmental pension fund (PSRN 1037739724021; TIN: 7727220570):

signing new non-governmental pension insurance agreements;

making transactions on independent placement of pension reserves and/or fulfilling obligations on such transactions;

transferring pension reserves and pension savings to trust management of management companies;

debiting the pension reserve account except for paying non-governmental pension.

The ground to take the decision was the Fund's failure to comply with Bank of Russia instructions to remedy violations of Russian legislation.

Central Bank of Russia issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 09:39:07 UTC

Original Document: http://www.cbr.ru/eng/press/PR.aspx?file=22012016_123705eng_sbrfr2016-01-22T12_35_33.htm