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NPF Association to Become SRO by Summer 2016

30.03.2016 12:43 / TASS

The newly-formed Non-State Pension Fund Association (ANPF) expects to finish the process of registration with the Ministry of Justice by April 20 and receive SRO status by Summer 2016, says ANPF release.

ANPF was founded by four major NPFs and is chaired by ex-Deputy Minister for Economic Development Sergey Belyakov.

According to the release, upon registration with the Ministry of Justice, ANPF will invite all Russian NPF to become association members.

ANPF will be the pension market's second SRO, after National Association of Non-State Pension Funds (NAPF), which became SRO in March. Once the Association has been granted SRO status, it will control, supervise and oversee member compliance with laws and internal professional conduct standards.

Non-state Pension Funds industry reformProject Group №1