OREANDA-NEWS. February 27, 2010. Russian Government Regulation dated February 20, 2010 №73 introduced amendments to the Russian Government Acts on additional limitations on investing pension savings funds in certain types of assets.

Subject to point 6 of Article 26 of the Federal Law "On Investing Funds to Finance a Funded Portion of the Labour Pension in the Russian Federation" the Government of the Russian Federation shall decree to approve the attached amendments to be introduced to the Russian Government acts on additional limitations on investing pension savings funds in certain types of assets:

1. In point 1 of Russian Government Regulation dated June 30, 2003 № 379 "On Introducing Additional Limitations on Investing Pension Savings Funds in Certain Types of Assets and Determining a Maximum Share of Certain Types of Assets in the Investment Portfolio subject to Articles 26 and 28 of the Federal Law " On Investing Funds to Finance a Funded Portion of the Labour Pension in the Russian Federation" and Article 3615 of the Federal Law "On the Non-Governmental Pension Funds" (Collection of Legislation of the Russian Federation, 2003, № 27, Articles 2804; 2004, № 7, Article 536; № 40, Articles 3957; 2006, № 38, Articles 3990; 2009, № 30, Article 3827; № 44, Article 5239):

а) in paragraph 5 of subpoint "е" the words "rating agencies accredited under the established procedure" are to be replaced with the words "international rating agencies - Fitch-Ratings, Standard & Poor's, Moody's Investors Service, or a national rating agency accredited under the procedure established by the Russian Federation legislation,";

b) subpoint "l" is to be supplemented with the following paragraph:

"The Eurasian Development Bank (ЕDB);".

2. In the investment declaration of the extended investment portfolio of the state trust management company approved by Regulation of the Russian Government dated September 1, 2003 № 540 (Collection of Legislation of the Russian Federation, 2003, № 36, Article 3521):

а) in subpoint "а" of point 5 the words "rating agencies accredited under the established procedure" are to be replaced with the words "international rating agencies - Fitch-Ratings, Standard & Poor's, Moody's Investors Service, or a national rating agency accredited under the procedure established by the Russian Federation legislation,";
b) point 7 is to be supplemented with the following paragraph:

"The Eurasian Development Bank (ЕDB).".