OREANDA-NEWS. September 18, 2015. Bank of Russia took a decision to cancel series AVII-003 qualification certificate No. 012042 of qualification corresponding to the position of a financial market specialist to manage non-governmental pension funds with respect to non-governmental pension provision, compulsory pension insurance and professional pension insurance issued to Sergey V. Dubinin.

The reason to cancel the certificate were the repeated violations of Russian pension legislation by Sergey V. Dubinin, who acted as the sole executive body of the Joint-stock company Non-governmental pension fund Sun. Life. Pension (hereinafter, the Fund) when the Fund repeatedly violated Russian pension legislation, which resulted in the cancellation by Bank of Russia Order No. OD-1921, dated 3 August 2015, of the Fund’s licence No. 16/2 issued by the Bank of Russia on 1 November 2007 to carry out pension provision and pension insurance.