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MOSCOW, June 15 The Bank of Russia intends to oblige non-state pension funds (NPFs) to identify and manage conflicts of interest from January 1 next year, the regulator reported.
The corresponding draft instructions were developed by the Central Bank. The goal of the initiative is to protect the rights of depositors and insured persons.
The document defines the rules for identifying conflicts of interest and describes specific situations that may give rise to them. At the same time, he obliges NPFs to prevent such situations.
The developed requirements are similar to those that apply to professional participants and management companies, the Bank of Russia explained.