The Bank of Russia revoked the licenses NPF “Welfare” and “Erel”

MOSCOW, November 20. The Bank of Russia by its order dated November 19, 2015 has revoked the license for implementation of activity on pension provision and pension insurance non-state pension funds (NPF) “Welfare” and “Erel”, is spoken in the message of the regulator.

Grounds for revocation of licenses was “repeated within one year violation of requirements for dissemination, the provision or disclosure of information stipulated by Federal laws and adopted in accordance with them normative legal acts of the Russian Federation”, – stated in the message of the Central Bank.