OREANDA-NEWS. October 08, 2015. Bank of Russia took a decision to introduce a 6-monthban on the following operations carried out by the Non-governmental pension fund Trade Union Non-governmental Pension Fund Garant-Prof non-profit organisation of social security (hereinafter, the Fund) (PSRN 1027739416704; TIN 7736003814):

signing new pension agreements and agreements on compulsory pension insurance;

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

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

debiting the pension reserve or pension saving account except for paying non-governmental pension and pro-rata pensions, payments to physical successors and transferring the funds (a part thereof) of the maternity (family) capital due to the refusal of the insured person to build pension savings or in the event of his/her death.

The ground to take the decision was the Fund’s failure to comply with the Bank of Russia requirement to provide information needed to fulfill functions (to exercise powers) of the said authority.