Non-state pension funds (NPF) will be able to invest pension reserves in shares as part of an IPO if the total placement volume is at least 3 billion rubles. This is stated in a message on the Central Bank website.
Author:
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The regulator clarified that previously the threshold for funds to participate in an initial public offering was 50 billion rubles. The new rules will come into effect on October 13.
The Funds may also purchase certain pension reserve derivatives in the over-the-counter central counterparty market.
The proportion of shares that NPFs will be able to buy has increased from 5% to 10% of the total placement volume.
“The new rules expand investment opportunities for non-state pension funds. In turn, the participation of institutional investors in the IPO will stimulate public offerings of shares in the Russian market,” the financial regulator said in a statement.
According to the plans of the Ministry of Finance, in the period 2025-2030. the stock exchange should carry out 20 public offerings a year with a total capitalization of 4.5 trillion rubles. 22%, or 1 trillion rubles, of this amount should be provided by IPOs of state-owned companies.
In June, it became known about the Renaissance Insurance group’s plans to create its own pension fund: Renaissance Savings. In five years, the company plans to attract at least 1 million customers and 100 billion rubles in additional assets.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
