The Central Bank revoked the licenses NPF “Welfare” and “Erel”


The reason was violation of requirements of the law to take unilaterally decisions that violate the rights of insured persons and repeated violation of requirements for dissemination, the provision or disclosure of information.

MOSCOW, 20 Nov. The Bank of Russia revoked the license for implementation of activity on pension provision and pension insurance of the two non-state pension Fund “Prosperity” and “Erel”, is spoken in the message of the regulator.

The reason was violation of requirements of the law “About nonstate pension funds” in terms of taking unilateral decisions that violate the rights of insured persons, and also repeated during the year violation of requirements for dissemination, the provision or disclosure of information.

In connection with the revocation of licenses in PPF appointed interim administration.

“The Bank of Russia will compensate to the insured persons of pension funds in the amount and order established by the legislation of the Russian Federation”, — stated in the message.