There is approved the Administrative regulations on execution of the function on licensing of activity on administration with investment, share and non-state pension funds, specialized depositaries and activity on pension security
The Order of the Federal Service for Financial Markets of Russia
N 09-4/pz-n of February 10, 2009 (document is in Russian)
(has been registered in the Russian Federation Ministry of Justice
N 13582 of March 24, 2009) has approved the Administrative regulations
on execution by the Federal Service for Financial Markets of
Russia of the function on licensing of activity on administration
with investment funds, share investment funds and non-state
pension funds, activities of specialized depositaries of investments
funds, share investment funds and non-state pension funds, as
well as activity on pension security and pension insurance.
Execution of administrative procedures is entrusted to the central
machinery of the Federal Service for Financial Markets
of Russia and shall be provided during the following periods:
granting of the license - 2 months, granting of a copy and redrawing
up of the license - 10 working days, cancellation of the license
- 30 working days, granting of extractions from licenses registries
- 5 working days. As applicant there may be any legal entity
registered in the Russian Federation (as competitor for the
license), as well as any persons interested in receiving of
extractions from licenses registries. Execution of the state
function shall be provided on a paid base.
