The Bank of Russia revoked the license of NPF “Mosenergo OPS”

MOSCOW, January 4. The Bank of Russia revoked the license for implementation of activity on pension provision and pension insurance non-state pension Fund (NPF) “OPS Mosenergo” (Moscow). This was reported Monday on the website of the regulator.

The basis for the application of last resort was “the non-fulfillment by the Bank of Russia about elimination of infringements of requirements of Federal law or adopted in accordance with them normative legal acts of the Russian Federation and Bank of Russia regulations”.

In connection with the cancellation of the license of the Bank of Russia has appointed a provisional administration to manage the NPF.

The Central Bank will reimburse to the insured persons of pension funds in the amount and order established by the legislation of the Russian Federation, stresses the regulator.