OREANDA-NEWS. October 16, 2015. By its Order No. OD-2719, the Bank of Russia terminated the activity of provisional administration of Non-governmental Pension Fund Industrialny (hereinafter, the Fund), registered at the following address: 35 Varshavskoe Shosse, bldg. 1, office 81, Moscow, 117105; PSRN 1047796245782, TIN 7705592126.

The provisional administration to manage the Fund was appointed by Bank of Russia Order No. OD-2013, dated 6 August 2014 in compliance with Clause 3.1 of Article 7.2 of Federal Law No. 75-FZ, dated 7 May 1998, ‘On Non-governmental Pension Funds’.

Vitaly Sergeev, chief economist of the lending section of the General Economic Division of the Moscow-based Bank of Russia Main Branch for the Central Federal District, headed the Fund’s provisional administration. Mailing address: 2 Balchug Street, Moscow, 115035.

Following the analysis of the Fund’s financial standing the provisional administration filed a lawsuit in the court of arbitration seeking to recognise the Fund insolvent (bankrupt) due to the insufficiency of pension savings to meet its obligations. This lawsuit has been satisfied in full and the court ruling has become effective. The state corporation Deposit Insurance Agency has been appointed as the Fund’s receiver.