The Bank of Russia has banned “Interfin Capital”, a member of the top 20 asset management companies, to carry out operations with pension money. Market participants believe that the reason for the ban can be no doubt that the investment policy is the shareholder of the bank “Russian Credit” Anatoly Motylev, whose pension assets associated with the company, says «Kommersant» .
decision of the Bank of Russia “Interfin Capital” has lost the right to dispose of non-state pension funds for six months. Also, it is forbidden to carry out at the expense of these funds remuneration and fulfillment of obligations under the transactions.
According to market participants, the regulator of the activity may be associated with delays in payments to private pension funds associated with Anatoly Motylev. The official release of the Central Bank noted that the reason for the ban was the failure to orders to eliminate violations of the law.
According to the general director of the management company “Trinfiko” Dmitry Blagova, the management company is the most convenient target in terms of the possibility of a ban on investment, so how it is their doing. According to him, pension funds, are in control of “Interfin Capital” will be blocked, due to the impossibility to transfer them to other companies.
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