About Accumulating A Mortgage System For Housing Military Personnel

Original Language Title: О накопительно-ипотечной системе жилищного обеспечения военнослужащих

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RUSSIAN FEDERATION

FEDERAL LAW

About the housing mortgage system

military support

Adopted by the State Duma 5 August 2004

Approved by the Federation Council August 8, 2004

(reed. Federal Act of 2 February 2006 N 19-FZ

Russian Federation Law Assembly, 2006, N 6, Text 636;

Federal Act of 4 December 2007 N 324-FZ -Collection

Russian Federation Federation, 2007, N 50, st. 6237;

Federal Law of July 23 2008 N 160-FZ- -Collection

Russian Federation Federation, 2008, N 30, st. 3616;

The Federal Act of 25 November 2009 N 281-FZ -

To

Russian Federation Federation, 2009, N 48, st. 5731;

Federal Law of 28 June 2011 N 168-FZ - Collection

Russian Federation Federation, 2011, N 27, st. 3879;

Federal Law 21 November 2011 N 327-FZ -Collection

Russian Federation Federation, 2011, N 48, st. 6728;

Federal Law June 2012 N 90-FZ - To

Russian Federation Federation, 2012, N 26, st. 3443;

Federal Law July 2013 N 185-FZ -Collection

Russian Federation Federation, 2013, N 27, st. 3477;

Federal Law of 23 July d N 251-FZ - Collection

Russian Federation Federation, 2013, N 30, st. 4084;

Federal Act of 28 December 2013 N 396-FZ -

Russian Federation Federation, 2013, N 52, st. 6961;

Federal Law of June 2015 N 210-FZ - Collection

Laws of the Russian Federation, 2015, N 27, art. 4001)

This Federal law sets legal,

organisers, economic and base

Storage-Mortgage Housing

troops.

Chapter 1: General provisions

Article 1: Subject of legal regulation and purpose of present

Federal Law

This Federal Law regulates relations, related to

build, of the investment

means, designed to provide housing for troops,

a for other cases,

Federal law.

Article 2: Legislation of the Russian Federation on housing

military support

Russian legislation on housing

soldiers is based on on the [ [ Constitution of the Russian Federation]]

universally recognized and international rules

international and

true federal law, other federal laws, and

issued conformance with them other regulatory legal acts

Russian Federation. Managing the relationship in with the scope

Central Acts

Russian Federation. Federal Act of 23 July 2013

N 251-FZ-Legislative Assembly of the Russian Federation, 2013, N

30, article 4084).

Article 3: Key Concepts Used in this

Federal Law

For the Federal

Key Concepts:

1) Storage-Mortgage Home

soldiers ( - system)

body of legal, economic and organizational relations

Home

collateral;

2) Contributing-Mortgage (

participants) - Russian Federation

passing military contract and on the registry

s;

3 list of members

savings-mortgage system, by the Federal body

in which federal law provides

military service, in By the government

Russian Federation;

4) contribution contribution - money from

federal budget and counting cumulative accounts

participant;

5) Delegate body

executive

Cumulative-Mortgage s s

Federal Law;

6) of the housing collection of the collection

tools that include:

(a) cumulative contributions, received by in

federal

control companies

b) funds transferred to management trust

trusted by the body

true federal law, including from investment

funds specified;

in) funds received by an authorized federal body from

or

Federal Law target

Use of Accumulation Savings by Participants;

7) Contributing Account Contributors-Form Analyzing

accounting, including in collection of cumulative information about the

contributions, coming from the federal budget,

investing these tools, and secured

bail by of the system-mortgage

before by the federal body,

participant;

8) target housing-money, provided

cumulative-mortgage for return

free or repayable based

true Federal by law Federal Act of 28

June 2011 N 168-FZ - The Russian Law

Federation, 2011, N 27, art. 3879);

9 estimated contribution - contribution-

incoming from federal budget and

accumulative account of for the participant's military service period

Storage-Mortgage Before

federal by law of age limit for military use

service, matching assigned rank (without )

investment income);

10) index investment investment investment

of which is invested in securities in accordance with

declared investment index;

11) Investment (money and

valuable papers), formed for expense account

federal in trust

one control of the trust (in .

Federal Law From 4 December 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

12) Cumulative Investment Portfolio-Asset Collection

(money and securities), in in trust

all companies

Federal Law;

13) investment mandate-list of types of assets,

companies can include in an investment declaration

control company when submitting the contest to

concluding contracts of trust management. Federal

Act of 28 June 2011 N 168-FZ - Legislation

Russian Federation, 2011, N 27, art. 3879);

14) Investment dividend-Dividend and Interest (Income)

securities and bank deposits, others

on investment of savings for housing,

pure financial result from sales of assets, financial

result, reflecting the change in the market value of the investment

portfolio.

Chapter 2: Organization of the Savings and Mortgage System

Article 4: Realization of the right to housing by participants

Mortgage System

1. The right members ' home

mortgage system is implemented by:

1) generation for the home

cumulative

cumulative cumulative

use of these savings (ed. Federal

June 2011 N 168-FZ - Collection of legislation

Federation, 2011, N 27, art. 3879);

2) provisioning a target housing loan;

3 executive

the federal law provides for military service,

for federal budget funds allocated to the appropriate

federal executive authority, in size and order,

Set by Russian Federation Russian Federation

cash supplement for housing,

counted on the participant's cumulative account account, to the settlement account

money

Storage-Mortgage From Granting Date

up to the date, when the total duration military

in calendar calculation (remainder-total

military service) could be twenty years (without revenue

from investment).

2. Payment of money, specified in paragraph 3 of Part 1

real articles, produced bymilitary personnel

storage-mortgage system, , or members of their families that are not

apartment blocks on social employment contracts or

members of the tenant's family of dwelling on social contract

or owners of houses or members of

owner of living premises, for rooms rooms

acquired with using

compliance with this Federal Law (in ed. Federal

Law of December 4, 2007 N 324-FZ-Legislative Assembly

Russian Federation, 2007, N 50, art. 6237:

1) Contributing-a-mortgage system in

2 Federal of the Law,

duration of military service from ten to twenty years;

2) members of the Contributing-Mortgage System

cases covered by article 12, paragraph 1 of this Federal

law;

3) Contributing-a-mortgage system in

article 10, paragraph 4, of this Federal Law (para. 3

Fed by Law 4 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, st. 6237).

3. Payment of money, specified in paragraph 3 of Part 1

true article produced by federal executive bodies

authorities where the federal law provides for military service

in three-month starting from the day of arrival to the appropriate

Federal body of the written

form from of the storage-mortgage system or members

families with a request for payment.

Article 5: Building savings for housing

1. The accumulation for housing is generated by

following sources:

1) Contributing Contributors

accumulative contributions from the federal budget;

2) revenues from investment for housing

collateral;

3) Other Russian Federation

receipts.

2. The size of the contribution of one contributor

set by federal federal budget law for the year

making a contribution of at least cumulative

contribution, received by by indexing

listed cumulative contribution of the previous with

inflation rate

Russian Federation's social and economic development on another

year. (Part 2 suspended until 1 January 2016 in part

actual accrued and listed cumulative

previous year's inflation,

Russian Federation's social and economic development forecast for

regular year on the basis of the Federal Law of April 6, 2015.

N 68-FZ-Russian legislation collection, 2015, N

14, Text 2008)

3. Contributed contributions, enumerated quarterly from

federal budget one Contributing-Mortgage

systems, are accounted for in the participant's account in

for the whole

Russian Federation rules

operation of the cumulative mortgage system containing:

1) The order of naming accumulative accounts for participants;

2) Order of and the use of savings for housing

{ \cs6\f1\cf6\lang1024

}provisioning and repaying target housing loans

3) Granting by the authorized federal authority

Specialized

depository, about participants ' accumulative accounts state;

4) Other operating rules

storage-mortgage system.

4. Recording of contributory contributory contributory accounts

cumulative-mortgage system, of trusted

federal organ by the federal executive branch

The

which the federal law provides for military service.

5. Accounting for the contribution of Contributions on the Rollup Account

participant starts with the first of the month for the month

opening this account, and stops from the closing day of this account.

6. Accounting for the investment income of on the   { \cs6\f1\cf6\lang1024 }

{ \a

}

accounts to be executed by an authorized federal authority

prorata for the sum of collections that are included in

accumulative accounts for the participants, and their investment times

reporting year (in progress) The Federal Act of 28 June 2011 N

168-FZ- Collection of Russian legislation, 2011, N

27, Text (...) (...)

7. Specified in paragraph 3 of Part 1 of this Article of Income

of the same cumulative account

proportionally proportionally to the accumulation, posted on

account as at the date of receipt of funds.

7-1. The accumulative account of the participant,

removed from the contributor registry in with fired

health or organizational services

activities, , or family circumstances,

Russian Federation Military Duty and

military the right  

Use of Savings for housing on the grounds

article 10, paragraph 2, of this Federal Law

and

paragraph 2

Federal Law, Money Money in Size

savings for housing for the

accumulative participant account on the base day for

exclude from registry of participants (part 7-1 Federal

28 June 2011 N 168-FZ-Law Assembly

Russian Federation, 2011, N 27, Art. (...) (...)

8. The accumulation of for of the housing of the is

Russian Federation property, cannot be exempt from budget

some level, may not be the subject of a bail or other

(except individual clearing

collateral) of the owner's

relationships to form them and investing (in .

Federal Law July 2013 N 251-FZ -Assembly

Russian legislation, 2013, N 30, sect. 4084).

9. The housing

Accumulative Federation Account

body according to Russian Federation

system-subprime

rules of

The

specified in Part 3 of this article.

10. Accounting The participant's Contributing Account is subject to

contribution Contributions, Operations

savings for housing, and calculated based

net asset value of total investment portfolio

end of stock

security, of

The

end of the reporting period.

Article 6: Actors of Formation and

Investment Savings for Housing

security

Subjects by making and investment

savings for housing are federal authorities

executive powerin which federal law provides

military service, delegate ,

specialized depot, company managers, credit

organizations and brokers.

Article 7. Functions of the Federal Executive,

with federal law

military service, delegate functions

Federal Authority

1. Federal executive in

federal law provides for military service:

1) form and members in order,

Russian Federation Government's installation and

storage-to-mortgage system, required to run their name

accumulative accounts, with requirements

Russian Federation for State Secrets;

2) informs the delegate

contributor to another federal body

executive authority for military service;

3 is a federal

finances and authorized authority

Contributing-Mortgage

budget design for the appropriate year;

4 check information, reflected in the Participantsregistry

with authorized federal authority

5) receive

nameparticipant accounts

6 Inform in writing

inclusion of in this system and

exclude them;

7 in cases 1 1 1 

true Federal law, take the payment

cash supplement for housing,

Contributing-Mortgage System Participants or Members

pays the specified funds. Federal Law

dated June 28, 2011 N 168-FZ-Legislative Assembly of Russian

Federation, 2011, N 27, art. 3879);

8 o

mortgage system;

9 performs functions other than

Fed by law, by other federal laws

Normative legal acts of the Russian Federation (item 9)

Federal Act of 4 December 2007 N 324-FZ -Collection

Laws of the Russian Federation, 2007, N 50, st. 6237).

2. Authorized Federal Authority:

1 gets in budget

appropriations for accumulative savings accounts

s;

2) spends accounting for housing, in

number with member accumulative accounts;

3) in the order, of the central bank

Russian Federation contests on custom

Depot

specialized of the depot (ed. Federal Act of 23

July 2013 N 251-FZ - The legislature

Federation, 2013, N 30, art. 4084);

4) performs in order, by the central bank

Russian Federation, contests to select control companies for

concluding with them trust management treaties

for of the housing of the security (in the red. Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, art. 4084);

5) is in with Russian

Federation Party s

specialized Depot, selected on

matches requirements of this Federal

law;

6) hunts and receives funds from the management companies for

target of Contributing-Mortgage

system according to this Federal Law;

7 implements measures

Russian Federation Federation Preservation

savings for housing, in trust

control company management

8) performs housing

housing

Contributing-Mortgage System Members by Written Statement

form of participant;

9) represents annually in the Government of the Russian Federation

reporting on funds, posted on name cumulative accounts

participants, about investment investment results for housing

{ \cs6\f1\cf6\lang1024

}

{ \cs6\f1\cf6\lang1024

}

{ \cs6\f1\cf6\lang1024

}

control

companies, about the use of savings for housing;

10 performs about information about

investing and using savings for housing

in order and in dates, set by the

Russian Federation;

11)

implementing this Federal Law;

12) Inform participants about the housing market;

13 provides for housing

Contributing-Mortgage System After Right

to use them;

13-1) defines in with Federal

requirement of the investment control

company, in number structure of the investment portfolio (item

13-1 was introduced by Federal Law 28 June 2011 N 168-FZ

The legislation of the Russian Federation, 2011, N 27, st.

3879);

14 performs functions other

Fed by law, by other federal laws

Russian Federation Law,

federal body approved by the

Russian Federation.

Article 8: Tip on Investment of Savings on Housing

security

1. Public control for saving for

housing is provided by by on investment

savings for housing (Council) according to

is the position approved by the Government of the Russian Federation.

2. The Council is formed from representatives

self-regulated organizations of the market

valuable papers, other public organizations and federal authorities

executive authority.

3. The

professional responsibilities directly of decision

on investment of savings for housing.

4. Members

,

free of charge.

5. The Council has the right to request the delegate

and Central of the Russian Information Store

activity on investment for housing

security, in relationships reporting

investing savings for housing

audit reports and audit reports on specified accounts

(Ind. Federal Law of 23 July 2013 N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

6. facts of in

investing and using savings for housing

relevant suggestions forwarded by the to delegates

federal executive authorities that perform functions by

regulatory, and commissioners

executive authorities

public control (oversight)

generating and using savings for housing,

Central Bank Russian Federation Other Bodies

executive authority

law enforcement agencies in for

resolution on the prosecution of offenders,

Russian Federation (in Ed.

Federal Law July 2013 N 251-FZ -Assembly

Russian legislation, 2013, N 30, sect. 4084).

Chapter 3: Participation of troops in the accumulation-mortgage

system

Article 9: Contributor-Mortgage System Participants

1. Contributing-a-mortgage system is a

next troops:

1)

Military professional education

organization or military educational top

education and who received in with this first military rank

officer from January 1, 2005

first contracts for military service before 1

January 2005, can become participants by expressing such desire (in

The Federal Act of July 2, 2013. N 185-FZ-Assembly

Laws of the Russian Federation, 2013, N 27, art. 3477;

2) officers, conscriated by from or

voluntarily entered military service from and

enclosing first contract for military service starting with

1 January 2005;

3) Prieports and mychmans, common duration

contract for three years from 1 January

2005, with these persons who have signed the first contracts

military service before January 2005, can

attendees wishing to do so

4) Sgt. and Petty Officer, Soldiers and Sailers who have the second

Military service contract no earlier than January 1, 2005

desire to become mortgage-mortgage

systems;

5) faces military institutions

professional education in the period after 1 January 2005

1 January 2008 and the first military officer rank in

learning process, can become participants, expressing such a desire

(para. 5 by Federal Act of 4 December 2007) 324-FZ-

Russian Law Assembly, 2007, N 50, st.

6237);

6) persons who received the first military rank of an officer in connection with

Military Service Contract Service,

for which the state has an officer's rank, starting with

1 January 2005 , with these people, who received the first

military rank title 1 can May 

participants, so desire (para.

Act of December 4, 2007 N 324-FZ-Assembly

Russian Federation, 2007, N 50, Art. 6237);

7) servicemen who received the first rank of officer in

the for which the state

military rank of officer, from 1 January 2005

year, common military service duration

is less than three years,

first officer's rank before January 1, 2008, can become

participants, so desired ( 7 Federal

Law of December 4, 2007 N 324-FZ-Legislative Assembly

Russian Federation, 2007, N 50, Art. 6237);

8 soldiers, < < <

officers and the first military rank of an officer

beginning with 1 January 2005 2005 Total duration of military

contract services that are less than three years,

specified faces, first military rank of officer up to 1

January 2008, can become members, expressing such a wish

(para. 8 by Federal Act of 4 December 2007) 324-FZ-

Russian Law Assembly, 2007, N 50, st.

6237).

2. base for federal military

The

of the executive in by law

provides military service, member registry is:

1 for windows professional

educational organizations or military educational organizations

higher education and the first pass contract

military of service 1 January 2005 -Get First

military rank of officer (ed.) Federal Act of 2 July 2013

g. N 185-FZ-Assembly of Russian legislation, 2013,

N 27, article 3477);

2 for military service from of the or

voluntary military service from inventory, -

First contract for military service;

3 for the ancestors who signed the first contract

military service 2005 - General

duration of their military service under Contract three years;

4) for sergeant and foreman, soldiers and sailors-in

form access to member registry

5) for graduates professional

educational organizations or military educational organizations

higher education starting with 1 January 2005 and then signed

first contract for military service before January 1, 2005

- in writing for inclusion in the participant registry

(Ind. Federal Act of 2 July 2013 N 185-FZ-Assembly

Laws of the Russian Federation, 2013, N 27, art. 3477;

6) for Warrers and Mechmans, Total Duration of Military

contract for three years from 1 January

2005, if they signed the first contract for military service

service before January 1, 2005, -address in writing

include members in the registry (in Federal

4

December 2007 N 324FZ-Russian Legislative Assembly

Federation, 2007, N 50, art. 6237);

7 for institutions institutions

professional education in the period after 1 January 2005

1 January 2008 and the first military officer rank in

learning process,-in writing about how to include them in

registry of members (paragraph 7 introduced by Federal Act of 4 December

2007. EN 324-FZ-Assembly of Russian legislation,

2007, N 50, art. 6237);

8) for troops that do not have a military officer rank and

received first rank of officer in relation to revenue by

military service contract for a military position for which

provided military rank of officer, beginning 1 January

2008, -Get the first rank of officer (para. 8

was introduced by the Federal Act of December 4, 2007. N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

9 for servicemen who have no military rank

received first rank of officer in relation to revenue by

military service contract for , for which

provided for an officer's rank, after January 1,

to 1 January 2008, -in writing

inclusion in the registry of participants (paragraph 9 introduced Federal by law

from 4 December 2007 N 324-FZ - Legislation

Russian Federation, 2007, N 50, Art. 6237);

10) for troops who received the first rank

officer in on the assignment to a military position, for which

provided military rank of officer, beginning 1 January

2008, -Get the first officer's rank (para. 10

was introduced by the Federal Act of December 4, 2007. N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

11) for troops who received first rank

officer in on the assignment to a military position, for which

provided military rank of officer, after January 1, 2005

years before 1 January 2008, -in writing the

include in the member registry (para. 11 introduced by Federal Law

from 4 December 2007 N 324-FZ - Legislation

Russian Federation, 2007, N 50, Art. 6237);

12) for troops who received 1st rank

officer in for the completion of junior officer training

from January 1, 2008, -Get the first military rank

officer (para. 12 introduced by Federal Act of 4 December 2007) N

324-FZ-Russian Federation Law Assembly Federation, 2007, N

50, Art. 6237);

13) for troops who received first rank

for the completion of junior officer training

after January 1, 2005 until January 1 2008 - in

form address in the list of participants (item 13

was introduced by the Federal Act of December 4, 2007. N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

14) for soldiers, received voluntarily by

military service from if they were excluded from the registry

members and did not receive money

paragraph 3 of Part 1 of Article 4 of this Federal Law, or not

used right to become members of the

{ \a mortgage

}

system-signing new military service contract

(para. 14 by Federal Act of 28 June 2011) N 168-FZ-

Russian Law Assembly, 2011, N 27, st.

3879);

15) for volunteers on a voluntary basis

military service from , if they were excluded from the registry

participants received payment of money, specified in

3 Parts 1 of the Federal of the law, -  shared

duration of their military service 20 years ( 15 )

Fed by Law 28 June 2011 N 168-FZ -Collection

Laws of the Russian Federation, 2011, (...) (...)

3. For military exception

The

of the executive in by law

provides military service from the registry of participants is:

1) Dismissal from military service;

2) remove it from military part list in

order missing or by declaring it

dead;

3 state of its obligations to provide

soldier in

( exception of the apartment blocks

housing stock) Other statutory instruments

President Russian Federation

federal budget (item 3 introduced by Federal Act of 25 June

2012 N 90-FZ-Assembly of Russian legislation,

2012, N 26, 100 3443).

3-1. Troops, received in voluntarily

military service from inventory, if they were excluded from the registry

base

real articles, may not can

Storage-Mortgage (Part 3-1 introduced by Federal

The

Act of 25 June 2012 N 90-FZ - Law Collection

Russian Federation, 2012, N 26, article 3443).

4. In the case of a transfer of a soldier one of the Federal

executive in

military service, in Federal body

in which federal law provides

Military Service, Contributing-Mortgage

must be passed to the member registry of the Federal

executive branch

for further military service.

5. Federal Executive in which the participant

cumulative-mortgage military service, in

written form notifies in

Registry and opening account

participant or exclusion from participant registry and closing

name of the participant's cumulative account.

Article 10: The right to use savings,

counted on member's cumulative account

The origin of to use savings

recorded in the participant's cumulative account, according to

true federal law is:

1) general military duration in count in

concessional, 20 years and (in Ed. Federal

Law of December 4, 2007 N 324-FZ-Legislative Assembly

Russian Federation, 2007, N 50, Art. 6237);

2) Army General Dismissal, Total Military Duration

service is ten years or more:

(a) the age limit

service;

b

Military-medical commission limited to military service (in

Federal Act of 4 December 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

in) due to organizational and staffing events;

g family circumstances,

Russian Federation law

military service;

3 participant exception of the system from

lists of the composition of the military unit due to his death or

death, it is recognized in the legally established order of

missing or declared dead;

4) Dismissal of a serviceman by health-in connection

with its military-physician military

(Paragraph 4 was introduced by Federal Law of December 4, 2007). N

324-FZ-Russian Federation Law Assembly Federation, 2007, N

50, article 6237).

Article 11. Rights and Responsibilities of Participants

Mortgage System

1. Contributor-mortgage system participant has the right:

1) use the money specified in 1 and 3

1 Federal

purchasing a dwelling or apartment building in

or in other goals after the right to use these

{ funds

} Federal Act of 28 June 2011 N 168-FZ-

The legislation of the Russian Federation, 2011, N 27, st.

3879);

2) use target housing to target

part 1 of the Federal (in .

Federal Law of 28 June 2011 N 168-FZ - Collection

Russian legislation, 2011, N 27, art. 3879);

3 in the executive

authority, in for military service, tools information

posted on its name account;

4) ( 4 expired by Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

5) ( 5 expired by Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

6) (Paragraph 6 was introduced by Federal Law of December 4, 2007). N

324-FZ-Russian Federation Law Assembly Federation, 2007, N

50, st. 6237; expired by Federal Act of 28

June 2011 N 168-FZ - The Russian Law

Federation, 2011, N 27, art. 3879)

2. Contributor in mortgage system must:

1) return to the provided target housing in cases

and in the order defined by this Federal Law;

2) notify the authorized federal authority of your decision

for cumulative

account, when dismissed from military service.

3. Receive a member of the money, specified in Part 1

4 of the Federal of the Law, or Direction

federal delegate

target housing loans for the purposes of Part 1, paragraph 2

Article 14 of the Federal Act,

housing

soldier] Federal Act of 28 June 2011 N

168-FZ-Legislative Assembly of the Russian Federation Federation, 2011, N

27, Text (...) (...)

Article 12. Rights of members of the Participant's family

of the cumulative mortgage system that is excluded from

Military unit lists in connection with

death or death, recognition of the news

missing or declared dead

1. In the participant exception is a mortgage

system from lists of troops in relation to

death or death, its recognition in the manner prescribed by law

missing or declared dead by his family

have the right to use the cash specified in 1 and

3 Part 1 of the Federal in in 

purchasing a dwelling or apartment building in

or in other targets. With this type cumulative participant account

is closing. For the purpose of this Federal Act, members of the family

refers to (reed. Federal Act of 28 June

2011. N 168-FZ-Assembly of Russian Legislation,

2011, N 27, art. 3879):

1) Spouse or spouse;

2) minor children;

3) children aged

attainment of eighteen years of age

4) children in three years, learners  in

educational training

Federal Law July 2013 N 185-FZ -Collection

Laws of the Russian Federation, 2013, N 27, art. 3477;

5) a person who is a dependent soldier.

2. Destination housing , participant

hoist-mortgage system, excluded from military lists

parts of on

counts against State obligations before principal and not

is to be returned by members of his family.

3. Contributing-Mortgage System members

specified in Part 1 of this and of the target

housing loan for mortgage of credit (loan), can

accept its commitments for a specified mortgage loan

(I). In if the credit contract

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}

given person gets continuation of mortgage repayments

credit (loan) from the{ \cs6\f1\cf6\lang1024

}

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}

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}

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}

before dates, specified by in the provisioning contract

housing loan mortgages

(I). In this is the same name for the contributor's

will close from the 1st day of the month, for the day of the attack The

specified date.

Article 13: Opening and closing named savings accounts

members

1. Reason for opening of the account's name

The

participant is a member of the participant registry.

2. After the participant has dismissed the participant of the cumulative mortgage system with

military services and in cases provided for by Article 12 of this

Federal of the law, cumulative of the participant's account

closing and participation in the system's storage-mortgage

terminates. How After

closing of the participant's cumulative account

The Government of the Russian Federation.

3. In the acquisition of the storage-mortgageparticipant

housing system during military service for

savings with to use target housing and repayments

specified loan when a participant fired Federal

The

executive branch of the military service,

to exclude a member from the member registry and on

report (statements) By the authorized federal authority

providing a contributor with cash balances and closes

The participant's cumulative account.

4. 3

real Federal

early contributor's cumulative-mortgage

military service is missing base of items 1, 2

and 4 Federal

savings account is closed, and accumulated contributions and others

contributor

is to be returned to the federal budget. Federal Law

from 4 December 2007 N 324-FZ - Legislation

Russian Federation, 2007, N 50, st. 6237; Federal Act of

25 June 2012 N 90-FZ-Law Assembly of the Russian Federation

Federation, 2012, N 26, article 3443).

Chapter 4: Use of savings for housing

when you get Contributing Contributing-Mortgage

target housing systems

Article 14. Right of the Contributing-Mortgage System to

get the target housing loan

1. Each participant of the cumulative mortgage system is no less than

three its participation in the storage-mortgage system is

right to report with authorized federal

target of the housing loan for purposes (to the red. Federal Act of 4

December 2007 N 324-FZ- Meeting of the Russian

Federation, 2007, N 50, art. 6237:

1 of apartment or living quarters

buying land of the

section

home or part of a dwelling house and required for use,

under

apartment bail apartment

specified land section, acquisition of

or apartment blocks

construction (under Ed.) of the Federal Act of 28 June 2011 N

168-FZ-Legislative Assembly of the Russian Federation Federation, 2011, N

27, art. 3879);

2) of the donation donation

Using a mortgage (Loan) of the Housing

apartment rooms, buying lots, in use

purchased house or part of an apartment house and required

to use them, to pay part of the price of the participation agreement

building with a mortgage (loan) and

repaying mortgage (s) (in .

Federal Law of 28 June 2011 N 168-FZ - Collection

Laws of the Russian Federation, 2011, (...) (...)

3) (Paragraph 3 was introduced by the Federal Act of December 4, 2007). N

324-FZ -Collection of Russian legislation, 2007, N

50, st. 6237; expired by Federal Act of 28

June 2011 N 168-FZ - Collection of legislation

Federation, 2011, N 27, art. 3879)

2. Model destination housing loan, provided

participant system-subprime Order

mortgage Approved by the Government

Russian Federation Federal Executive (in

The Federal Act of 23 July 2008 N 160-FZ-Assembly

Laws of the Russian Federation, 2008, 3616).

3. The target housing loan shall be granted for the period of residence.

contributor to military-service mortgage system and is

interest-free in this period.

4. The dwelling size may not

exceed the total of the calculated contribution

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}

for accommodation on target housing day

loan.

5. The target housing repays

Mortgage granted matches

schedule of repaying this (loan)

corresponding contract, but not more than once a month, with

amount of funds to be provided should not exceed actual

funds counted at the end of the participant's accumulative account

The

month before the next payment.

6. Contributing-a-Mortgage

system of the target housing loan is savings for housing

The

collateral covered by the participant's cumulative account.

7. For the days of the target housing loan, revenue recognition

with the member's cumulative account, based on

remainder of for housing

account.

8. The target housing to participate in the equity construction

in participant

Cumulative-Mortgage shareable

building, and in the case of the use of credit (s)

also of the contract ( of the loan contract). Government

Russian Federation has the right to install additional requirements

sharebuilding object and (or) developer who

equity construction using target housing

loan (Part 8 was introduced by Federal Act of December 4, 2007). N

324-FZ-Russian Federation Law Assembly Federation, 2007, N

50, article 6237).

9. The means of the target housing loan can be used

participant system-subprime for expenses,

related to the acquisition of a dwelling or

apartment rooms, buying land in use

purchased house or part of an apartment house and required

for usage, , and (or) of the contract

(loan contract), including certified mortgages, including

payment to the creditor, related with the loan (loan), payment

accommodation or accommodation services,

land section, payment of an evaluator, and also expenses

risk insurance under the clauses

or mortgages. Reimbursement for the services and works referred to in this Article,

can be made from target housing loan in

and compliance requirements

approved by federal authority (part of 9 )

Fed by Law 4 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, st. 6237; in red.

Federal Law of June 2011 N 168-FZ -Collection

Laws of the Russian Federation, 2011, (...) (...)

10. The federal authority to install

provisioning (Loan)

Standards

Storage-Mortgage (Part of 10 ) Federal

Act of December 4, 2007 N 324-FZ-Assembly

Russian Federation, 2007, N 50, st. 6237).

Article 15. Target Housing Issues Features

1. The target of the target is

authorized by a federal authority when an

target housing contributor's system-mortgage

reasons specified in Article 10 of this Federal Law, and

Federal

law.

2. On early termination of the participant-mortgage

with military

Article 10, paragraphs 1, 2 and 4 of this Federal

law, from the day of termination to the housing

accrue percent on the rate, of the contract

give the target of the housing of the loan. this resigned

participant system-subprime must return

paid by the authorized federal body in repayments

target housing loan, , and pay interest on this loan

monthly payments in no time, is more than ten years.

Percentage on the target housing loan is revenue from

investment. Interest accrues to the amount of the balance of debt

on to the housing (in . The Federal of the Law of 4

December 2007 N 324-FZ- Meeting of the Russian

Federation, 2007, N 50, article 6237).

3. The target housing can redeem ahead of schedule. On

contorting the participant's of the system's mortgage

Military contract after to settle the target housing

Accrued cumulative participant account

is done on a general basis.

Chapter 5: Investment of savings for housing

Article 16. Authorized Assets (Investment Objects)

1. The accumulation of housing can be placed in

following asset classes:

1) government securities of the Russian Federation;

2 public subjects of Russian

;

3 Russian issuers of other than

referred to in 1 and 2 of this Part;

4) shares in and of foreign issuers

Federal Act of 4 December 2007 N 324-FZ -Collection

Laws of the Russian Federation, 2007, N 50, art. 6237)

4-1) Russian safe receipt receipts ( 4-1 )

Fed by Law 4 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, art. 6237)

5) Mortgage Securities s matches

Russian legislation;

6 } investment investment of funds,

formed in compliance with Russian

Federations (to the red. Federal Act of 4 December 2007 N 324-FZ

-Russian Law Assembly, 2007, N 50, st.

6237);

7) Money in in credit

organizations;

8) deposits in credit organizations;

9) Foreign currency in accounts in credit organizations;

10 certificates of deposit ( 10 ) Federal

28 June 2011 N 168-FZ-Law Assembly

Russian Federation, 2011, N 27, art. 3879);

11) mortgages, students by

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}

dated June 28, 2011 N 168-FZ-Legislative Assembly of Russian

Federation, 2011, N 27, article (...) (...)

2. allow for housing

investment in objects, not covered by this

Federal law.

3. The accumulation of for housing

used for:

1) the acquisition of securities issuers are

control companies, brokers, credit and insurance organizations,

specialized and auditors

service contracts;

2)

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sanation or typed

insolvency (bankruptcy) (observation, financial

recuperation, external management, production, , or

such a procedure has been applied for the last two years.

4. Accommodation for housing:

1 in assets listed in paragraph 1 of Part 1 of this Article,

is only allowed if if they are accessing the market

paper or specially released by the Government of the Russian Federation

to house institutional investors;

2 in assets, specified in -5 of Part 1

articles are only allowed if they are allowed to public

reference in with the Federal Act of April 22, 1996

year N 39-FZ "About the securities market" (rev. Federal Act of

4 December 2007 N 324-FZ-Legislative Assembly of the Russian Federation

Federation, 2007, N 50, art. 6237);

3) in assets, specified in 7 -9 of Part 1 of this

Articles, is only allowed in those credit organizations that

responding requirements, set by 23

Federal law.

5. Control company, as a trust

management savings for housing , to the right

{ \cs6\f1\cf6\lang1024 } Compliance

{ \cs6\f1\cf6\lang1024

} Central

Bank of Russian Federation Requirements, Restrictions

risks, concluding contracts, derivatives

tools (reed. Federal Act of 25 November 2009 N

281-FZ-Russian Federation Law Assembly-Federation, 2009, N

48, article 5731; Federal of the law of 23 July 2013. N 251-FZ-

Russian legislation collection, 2013, N 30, st.

4084).

6. The Russian Federation can

additional constraint on investment for

housing in separate classes of assets, provided

true Federal Law.

6-1. To allocate savings for housing in

assets, referred to in paragraph 8 of Part 1 of this Article, Central

Russian Federation Bank forms credit organizations,

relevant requirements, of this Federal

law and adopted according legal

Acts of the Russian Federation by the normative acts of the Central

Bank of the Russian Federation, , also puts the listed lists on

own information-telecom

"Internet" (Part 6-1 introduced by Federal Law of 23 July 2013

g. N251-FZ-Assembly of Russian legislation, 2013,

N 30, article 4084).

7. of the unmatched

investment portfolio, requirements,

true Federal Law, other regulatory legal acts

Central Bank of the Russian Federation and/or regulations

investment declaration resulting from circumstances

investment of the portfolio must be adjusted in

Part 10 of Article 27 of this Federal Law.

In

greatest of stakeholders

{ { cumulative }} mortgage system (under the red tape). Federal

4

December 2007 N 324FZ-Russian Legislative Assembly

Federation, 2007, N 50, st. 6237; Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, article 4084).

8. (Part 8 has ceased to be valid under the Federal Act

December 4, 2007 N 324-FZ-Assembly of Legislation Russian

Federation, 2007, N 50, art. 6237)

Article 17. Trust Management of Accumulation Control for

housing

1. Trusted trust management for housing

( - trusted)

reason for the trust management agreement.

2. Trust Management

trusted

federal authority transfers collections for housing to

trust control to trust control

company and trust control undertakes to

trust control in with this Federal

law to enforce the right of members of the hoagem-mortgage

systems to use savings. Generic Trust Contract

approval by the Central Bank of the Russian Federation (in

The Federal Act of July 23, 2008. N 160-FZ-Assembly

Russian Federation Federation, 2008, N 30, st. 3616;

Federal Law July 2013 N 251-FZ -Assembly

Russian legislation, 2013, N 30, sect. 4084).

3. The founder of the trust-based control is Russian

Federation. From of the Russian Federation

trust is managed by the authoritative federal

organ. of the Federal

benefits from trust management contract

Russian Federation, in the person of an authorized federal body.

4. Funds transferred to management trust

company, , and investment income do not go to property

trustee. Revenue derived from investing in

increase in funds transferred to trust.

5. Trustee has the right to dispose of savings

for housing only for implementations

Federal Law and Compliance

restrictions.

6. The trust object is a saving for

housing. The goals of the control trust are

store and increase the value of the net assets generated for

account, transferred to the trust management, under

Compliance with Accumulative and Mortgage System participants.

7. The trustee is required to ensure that it is separate

counting assets, investment investment portfolio (in .

Federal Act of 4 December 2007 N 324-FZ -Collection

Laws of the Russian Federation, 2007, N 50, st. 6237).

8. Property, in in trust

compliance with management trust may not

act as a guarantee of any founder's obligations

trust management, trust

or Other

faces, for bound with funding

payments under this Federal Law.

9. The trust management contractmust be defined

size and order of custom depot

with trusted authority, , and order

trust

required expenses on to invest savings for housing

net assets, in

trust management, of the increase

residential security that has been transferred to trust management.

10. The trust management contract is three times

The

year with to extend it. Order and terms of the contract extension

set by the Central Bank of the Russian Federation (in .

Federal Law July 2013 N 251-FZ -Assembly

Russian legislation, 2013, N 30, sect. 4084).

11. The trust control trusts

manage personally.

12.

Case Management Contract

Civil Russian Federation Code

terminating due to:

1) suspensions of the company

control

investment funds, equity investment and

non-state pension funds or

licenses;

2) Introduction of the Procedure

insolvency (bankruptcy) (observation, financial

recuperation, external management, competitive process)

3) decide to liquidating the management company.

13. The trust contract will end from days

making the appropriate decision or if the solution

accepted by the court, from the day of the legal

strength.

14. The

trust agreement

1 company requirements

Article 20, paragraph 1, of this Federal Law, for

exception implementation

management of investment funds, in

hedge funds and non-state pension funds

about liability insurance requirements

31 of this Federal Law;

2) control

assets, in can be invested for

housing security, if this violation occurs as a result

control company actions;

3) claims violation by the control company

parts 5 and 6 of Article 25 of this Federal Law;

3-1 of the company's control violation

Article 20 part 2, paragraph 3-1 of this Federal

(Paragraph 3-1 was introduced by the Federal Act of June 28, 2011). N

168-FZ- Collection of Russian legislation, 2011, N

27, art. 3879);

4) repeated for one year of control violation

order of and cumulative

investment portfolio;

5) repeated throughout the year

workdays days for the control company to report

other information to an authorized federal body or Central

bank of the Russian Federation Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, art. 4084);

6) repeated in for

transfer of custom to the copy depot

primary property relations

savings for housing;

7) non-implementation by the managing company for 10 workers

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}

Investment Savings Investment Days

security, based on Part of 7

true Federal Law.

(Part 14 ) Federal Act of 4 December 2007 N

324-FZ-Russian Federation Law Assembly Federation, 2007, N

50, Art. 6237)

15. Management trust

notified by the authorized federal authority of the management company

to reject the specified contract cannot exceed seven days before

days of termination.

16. When Termination of the Asset Management Contract

contract, to be transferred to trust management in and

dates fixed by the Central Bank of the Russian Federation

(in ed. The Federal Law of 4 December 2007 N 324-FZ-

Russian Law Assembly, 2007, N 50, st.

6237; Federal Act of 23 July 2013 N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

17. Number of control companies with whom the delegate

Federal The controltreaties

must be at least two per investment mandate.

If companies one investment

mandate is less than two, investment mandate

contest in accordance with this Federal Law

(Ind. The Federal Law of 4 December 2007 N 324-FZ

The legislation of the Russian Federation, 2007, N 50, st.

6237).

Article 18. Specialist Services Treaty

depot to authorized federal authority

1. Providing Services in

documentary form and

rights

accumulation of for housing

control for by specified collections

specialized

custom depot

Federal Authority and Services

specialized depot for managing companies.

2. Specialist

Depository delegate specialized

specified in

compliance with of this Federal Law Undertakes

authorized federal custom

depot, and authorized federal body undertakes to accept and

pay these services in order, set by Articles 17 and 19

The

true of the federal law. Services

specialized value for pure

assets, in control

companies, of treaties with a specialized depositary,

should decrease for the housing

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}

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}

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}

control

companies.

3. Service

A

specialized depositary is five years. Expiration

specified contracts, for the first two years with

in The force of this Federal Law, is two

years.

4. Model specialized

Depot delegate approved

Central Bank of the Russian Federation Federal Law

dated July 23, 2008 N 160-FZ-Legislative Assembly of Russian

Federation, 2008, N 30, st. 3616; Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, article 4084).

5. Treaty on the provision of services of a specialized depository

federal

clauses that set:

1) Depot order on a custom

responsibilities, of the Federal Federal

liability of the depot for failure to perform

these responsibilities;

2) Services

specialized of the depositary, of the delegate

federal authority;

3 base and reorder changes

contract;

4) Depot responsibility for

compliance with custom

additional

Requirements set by the Central Bank of the Russian Federation

within the duration of the contract (in the duration of the contract). Federal Act of 23

July 2013 N 251-FZ - The legislature

Federation, 2013, N 30, art. 4084);

5) Contract term;

6) other locations, standard

to provide specialized depot services.

6. Specialist Depot Service

authorized federal authority is terminated due to:

1 suspend action

depositary of the depositary activity license or

specialized

licenses

Investment Funds Depot, equity investment funds and

non-State funds or invalidation

licenses;

2) Introduction of the Depot

bankruptcy procedures (bankruptcy) (observation, financial

recuperation, external management, competitive process)

3) Accept Specialized

depository;

4 denial of the authorized federal authority from of this

contract.

7. Depot Service Contract

authorized for the federal body is terminated from the day of commit

corresponding decision or in if such solution

takes by the court, of the such decision

strength.

8. The

custom depot

Federal if

specialized does not match requirements

Article 21 of this Federal Law, and

case of repeated violation of order and notifications

Delegate Federal or Central

Russian Federation Violations, In Process

The

activity in to match the specified contract.

Federal notifies custom

depot Services

specialized depot for authorized federal authority

not less for seven days until the day of the termination of the contract.

Federal Law of 23 July d N 251-FZ - Collection

Russian legislation, 2013, N 30, sect. 4084).

9. Documents Order and

specialized for termination (avoidance)

custom depot

Delegate to the Federal and (or) Managing Companies

the Central of the Russian Federation

Federal Law July 2013 N 251-FZ -Assembly

Russian legislation, 2013, N 30, sect. 4084).

Article 19. Specializedservice contracts

Depository for Managing Companies

1. Storage of security certificates in documentary form and

accounting for security rights to which savings are invested for

housing security, custom

Depot on the basis for the service-control contracts

companies. Specialist Services

Depot companies control

specialized depot, with trusted

Federal The Treaty

specialized depot, and management companies.

2. Model specialized

managing company's Central Bank

Russian Federation. Federal Act of 23 July 2008

N 160-FZ-Legislative Assembly of the Russian Federation, 2008, N

30, article 3616; of the Federal Act of 23 July 2013. N 251-FZ

The legislation of the Russian Federation, 2013, N 30, st.

4084).

3. Treaty on the provision of services of a specialized depository

management companies are required to set the order of implementation

specialized depositary of depositary activities, size and

order for companies to pay

depot, Services

specialized depot, trusted

federal authority on treaty, custom

Depot

true Federal and Other locations

standard services

specialized depot for managing companies.

Article 20. Control Company

1.

only selected by control results

company, licenses

management of investment funds, mutual funds

and Non-State PensionFunds,

responsibility in with

Federal Law, Relevant Central

Russian Federation Bank Sufficiency Requirements

funds, not -Affiliated Persons

depot or its affiliates,

appropriate

Requirements of of this Federal Law Code of professional

ethics and treaties with a specialized depositaries of treaties

service provision under Article 19 of this Federal

law. in of shareholders (participants)

trust management company cannot enter

organization, registered inforeign states, in

is granted favourable tax mode and (or)

drill down and provisioning information

Financial operations, or in Russian

Federation on which special tax is provided

(Offshore Zones) Federal Law of 23 July 2013 N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, article 4084).

2. Control company is obliged:

1) invest for in

interests of contributors to the mortgage system;

2) carry Federal

trust management contract for compliance

investing collections of for on requirements

true Federal Law;

3) invest for housing based on

of robustness, liquidity requirements

profitability and diversification

3-1) (Paragraph 3-1 was introduced by Federal Law of 28 June 2011

N 168-FZ-Russian Federation Law Assembly, 2011, N

27, st. 3879; ceased to be valid under the Federal Act of 23

July 2013 N 251-FZ - Collection of the Law of the Russian

Federation, 2013, N 30, art. 4084)

4 Implement collections of for housing

collateral controlled by a specialized depositary;

5) dissolve and broker contracts

money recovery measures, if brokers, attracted

for Operations for

security, ceases to meet the requirements of this Federal

Law and Central Bank of the Russian Federation

(Ind. Federal Law of 23 July 2013 N 251-FZ-Assembly

Russian legislation, 2013, N 30, art. 4084);

6) terminate contracts with credit organizations, close

account and take steps to reclaim cash in the case of

if organizations stopped

true Federal Law;

7 The current marketplace and

Value of Net Assets in Trust in

compliance with Central Russian bank

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

Russian legislation collection, 2013, N 30, st.

4084);

8) implement rights, -authenticated security in

whom invested for housing in

interests of contributors to the mortgage system;

9) sell paper in in trust

management, typically at a price not lower than the market price,

buy securities generally, at a price no higher than the market price.

Market Price

price, defined in the order of the Central

The

bank of the Russian Federation. o deals,

from market prices, to the Central Bank

Russian Federation and The federal authority. Form

report is set by the Central Bank of the Russian Federation (in

Federal Act of 4 December 2007 N 324-FZ-Assembly

Russian Federation Federation, 2007, N 50, st. 6237;

Federal Law of 23 July d N 251-FZ - Collection

Russian legislation, 2013, N 30, art. 4084);

10) list the accumulationin the authorized federal body

approved cash requirement forecast by the federal agency

funds from savings account for housing and

trust contract

11) expand in with paragraph 2 of Part 7 of Article 24

true Federal Shareholders

(participants) of the management company and their share of capital, and

of Affiliated faces. and order of

authorized federal

set by trust management contract;

12) Comply with the code of professional ethics;

13) audit audit annually

(Accounting) reporting;

14) represent in and

Central Bank Russian Investment Report

savings for housing report

investing in order and in time set by the contract

trust Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, art. 4084);

15) inform the federal

suspension or revocation of a license,

changes in of the control company's constituent documents,

shareholders (members), management members, employees

control company, for savings investment for

housing, , and affiliates in order and in

deadlines set by the trust management contract;

16) make

savingsfor

securities transactions, specified in paragraphs 2-5 of Part 1

16 of this Federal Law, only at organized trades

(in ed. The Federal Law of of Nov. 21, 2011. N 327-FZ-

Russian legislation collection, 2011, N 48, st.

6728);

17) send to a specialized

(or) storage assets, in for savings for

housing security, if for individual types of property

Russian Federation does not provide for legal regulations

other;

18) submit in the depot to the copy of all

asset documents, in which is invested

accumulation of for housing , not later than the working day,

next day when they are prepared or received;

19) develop and to comply with the internal rules of procedure

savings for housing that defines:

(a) The order of the investment decisions

savings for housing;

b) control's risk of committing

savings investment for housing;

in the control control

savings for housing for

trustee management company;

g) control organization in

company, and between management company and specialized

;

dsecurity

{ \cs6\f1\cf6\lang1024}Investment Savings

{ \cs6\f1\cf6\lang1024

}

unauthorized access;

20) comply with other requirements, provided by

Federal by law, by other federal laws, normative

legal acts of the and statutes

Central Bank of the Russian Federation Federal Law

dated July 23, 2013 N 251-FZ-Legislative Assembly of the Russian Federation

Federation, 2013, N 30, st. 4084).

Article 21. Specialized depositary

1. Providing Services in

documentary form and

rights

stocks invested for housing , in

trust management and control for

can

selected by a specialized depot,

license on activity

specialized

Investment Funds Depot, equity investment funds and

non-State pension funds, insurance liability

in compliance with of the Federal

corresponding Central Russian bank

relative of assets, not

affiliated from companies

trust management, , or their affiliates

and which passed the requirements of this Federal

The

law of professional ethics. In doing so, shareholders

(participants) of the custom can

organization, registered inforeign states, in

is granted favourable tax mode and (or)

drill down and provisioning information

Financial operations, or in Russian

Federation on which special tax is provided

(Offshore Zones) Federal Law of 23 July 2013 N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, article 4084).

2. The Specialized Depositary must:

1) carry Solidally with the company

treaty of control, in

failure to comply with this article;

2) open separate name for each control

company, with

specialized of the depositary, to register security rights,

purchased from savings for housing;

3) implement security rights on a security that is purchased in

the investment of savings for housing , and

counting navigation transition such security

security certificates, if for individual paper

Russian Federation does not provide for legal regulations

other;

4) accept and keep copies of all documents in

relation to for the housing of

federal control trusted

control companies

5) notify the authorized body, Central

Russian Federation and the control company about the

process of One

work day, next in the day they are identified (in the red. Federal

Act of 23 July 2013 N 251-FZ - The Law Collection

Russian Federation, 2013, N 30, art. 4084);

6) inform the federal

suspension action of the license revocation, about changes

constituent documents, shareholders (members)

leading composition, members of custom

depot, providing specialized

Depot delegate and control

companies, and members of specialized

depot in order and time set by the

providing specialized depot services;

7) ( 7 expired by Federal Act

June 29, 2015 N 210-FZ- Assembly of the Russian Law

Federation, 2015, N 27, art. 4001)

8) ensure that their rights and responsibilities are transferred in

savings for housing constructed according to

with Federal by law, custom

Depot

specialized depot for authorized federal authority

or control companies in order and time that are installed

specified contract;

9) represent company in company, trusted

Federal Central Russian Federation

reporting on transactions, views, and market value of valuable

paper, taken into account under the services

specialized depot for authorized federal authority

and the management company, in the form and in dates are set

Central Bank of the Russian Federation Federal Law

dated July 23, 2013 N 251-FZ-Legislative Assembly of the Russian Federation

Federation, 2013, N 30, art. 4084);

10) represent in

Central Bank of the Russian Federation for Clean Cost Information

assets, in

contracts of trust control with management companies, in

order and time fixed by the service contract

specialized of the depot (ed. Federal Act of 23

July 2013 N 251-FZ - The legislature

Federation, 2013, N 30, art. 4084);

11 not to combine activity as a specialized

Depot with

Other activities

exclude by the safe or activity,

depositary activity that is bound with to

agreements with trade organizers and/or clearing

custodian of securities contracts,

prisoners in organized trading (ed.) Federal Act of the Russian Federation

November 21, 2011 N 327-FZ-Legislative Assembly Russian

Federations, 2011, N 48, art. 6728);

12) disclose in accordance with paragraph 2 of Part 7

true Federal Information law

(participants) and their shares in capital, and

faces. Time frame and the order of submission to the Delegate Federal

body of specified information set

specialized depot services provided to authorized federal

Organ;

13) Comply with the code of professional ethics;

14) audit audit annually

(Accounting) reporting;

15) implement conformance control

savings management for housing security,

federal control trusted

management companies, requirements of this Federal Law,

other normative legal acts, of Central

Russian Federation Bank and Investment Declaration

company (under Ed.) Federal Act of 28 June 2011 N 168-FZ-

Russian Law Assembly, 2011, N 27, st.

3879; Federal of the law of July 23, 2013. N 251-FZ-Assembly

Russian legislation, 2013, N 30, art. 4084);

16 implement control clean cost

assets, in control

companies;

17 control control enumeration

delegate

use by participants in a mortgage system;

18) comply with other requirements, provided by

Fed by law, by other laws, other

normative legal acts of the Russian Federation, normative

Acts of the Central Bank of the Russian Federation and

contracts with trusted by and control

companies (to the red. Federal Law of 23 July 2013 N 251-FZ

Russian Law Assembly, 2013, N 30, st.

4084).

Article 22: Savings Broker

housing

1. To perform operations with for housing

A broker must meet the following requirements:

1) have experience in brokering on the market

valuable papers for at least five years, have a professional license

securities market participant;

2) comply with the Central Bank of the Russian

Federation Requirements for

professional market participants

brokerman activity, , and perform other

Central Bank of the Russian Federation Requirements, restricting

risks of on securities operations (to the red. Federal Law

dated July 23, 2013 N 251-FZ-Legislative Assembly of the Russian Federation

Federation, 2013, N 30, art. 4084);

3 is a participant in trading (in

Federal Law 21 November 2011 N 327-FZ -Collection

Russian legislation, 2011, N 48, article 6728);

4) accept and abide by the professional code of ethics

corresponding to the requirements of this Federal Law.

2. may

savings for housing as a broker if:

1 organizations used insolvency procedures

[ (bankruptcies) (observation, financial healthier, external

management, Competiting production)

market professional license suspension

securities or invalidation of this license in current

two years;

2) the organization had a loss on one of the two most recent

years or last reporting date;

3) is an affiliate of the

control

company or of its affiliated individuals

specialized depot or its affiliates.

3. Broker, Operation with saving

housing support:

1) open in the credit of the satisfaction organization

Requirements, By Federal

law, separate bank account (special brokerbill) for

accounting money received by broker in

contract signed with managing company

2) lead a separate accounting of money

control company.

4. The broker is not entitled to use it for his saving

for housing for provision, received from the management company and

expensed on a separate bank account (special brokerable

account).

Article 23. Credit organizations in which

savings for housing

1. Credit organizations operating with money

investment savings for housing

and collections for housing in in number

hosting money on deposits, must

Requirements, set by Russian legislation

Federation to credit organizations

required insurance banks

Russian Federation. This position does not apply to open

accounts in of credit organizations

Trade Organizer Points.

2. The Russian Federation has the right to install

additional requests to credit in

storage savings.

(Article 23. Federal Act of 23 July 2013 N

251-FZ -Collection of Russian legislation, 2013, N

30, Art. 4084)

Article 24. Contour for Service Contract

specialized Depot Delegate

federal authority and trust

management

1. Depot Service Contract

federal and trusts

management between authorized federal bodies

specialized Depot, trusted

contests (in Ed. Federal Act of 28 December

2013. EN 396-FZ-Assembly of Russian legislation,

2013, N 52, article 6961).

2. The holding of the competitions referred to in Part 1 of this Article,

in with Russian

Federation about contract system in goods procurement,

for public and municipal needs and

Federal (in .

Federal Law of February 2006 N 19-FZ-Collection

Russian Federation Federation, 2006, N 6, st. 636;

Fed of Law 28 December 2013 N 396-FZ-Assembly

Russian legislation, 2013, N 52, article 6961).

3. To contest

custom Depot of the authority

specialized depot,

installed order for to implement by the depositary

activity and

specialized of the investment of funds, trusts

investment funds and non-state pension funds, if

it corresponds to in the contest of locations

the Part 1 and Part 2, Part 2

21

Federal Law, , and

insolvency (bankruptcy) (observation, financial

recuperation, management, production, or

penalties in the form of suspending a license activity

depositary activity or on the implementation

operation of a specialized investment fund depository,

mutual investment funds and non-state pension funds

or invalidation of these licenses in the last two years

before submitting an application for the contest.

4. To participate in the contest to conclude a contract of trust

control is allowed control company to

fixed order

management of investment funds, mutual funds

and non-State pension funds, if at the time

is not an affiliate of the specialized

Depository or its Affiliated it

insolvency (bankruptcy) (observation, financial

recuperation, external control, production

sanction in the suspension of the specified license or its

invalidations in the last two years before on the request

participation in the contest.

5. In the terms of the contest for the conclusion of the treaties of trust

must be set to the investment mandate.

investment mandate can include all classes or

assets, allowed in Federal

law, , and individual or types of assets

which can be included in the investment declaration of the control

company (under Ed.) Federal Act of 28 June 2011 N 168-FZ-

Russian Law Assembly, 2011, N 27, st.

3879).

6. The requirements list for contests

Contain:

1 requirement, providing for a contest participant

professional experience in activity in quality

Company (Depot Specialist )

investment funds, investment funds or

non-State pension funds;

2) requirement for the minimum of assets in

control company, for contest participants

control companies

3) minimum equity requirement

control company (specialized depot);

4) requirement for a minimal number of customers, in relation

company

(specialized depot);

5) requirement for professional qualification and minimal

Employees of the Managing Company (Specials

depot);

6) Other requirements, Central

Russian Federation in and

contests (rev. Federal Act of 23 July 2013

N 251-FZ-Legislative Assembly of the Russian Federation, 2013, N

30, article 4084).

7. contest should match

Requirements, set by the Federal Law of April 2013

year N 44-FZ " On contract system in procurement of goods, works,

for public and municipal needs. "

Concurrently with participation in the contest participant

next

information and documents. Federal Act of 4 December 2007

g. N 324-FZ-Assembly of Russian legislation, 2007,

N 50, st. 6237; Federal Act of 28 December 2013 N 396-FZ

-Russian Law Assembly, 2013, N 52, st.

6961:

1) Certified by the auditor and

gains and losses in the last three years, preceding the submission

applications to participate in the competition;

2) Certified Participant list of the list

about shareholders (participants), in shareholders

(contributors), , and about other affiliations

individuals and entities, including:

(a) the full name and location of (address) of the shareholder

(contributor) - The legal person, last name, ,

citizenship and place (address) of the (participant)

physical person;

b) the date and number of the registration

legal also

tax authority;

in) name and organizational changes

organization forms;

g) last name, name, , and address of chapter

executive authority or sole head of organization

d) size for the share of (participant)

charter capital of the contest participant;

(e) shareholders ' (participants) shareholders

( (warehousing) equity

organization greater than 5 percent), with full name

or name, name, , identification number

tax payer, location or location (address)

each of the shareholders (participants),

statutory (warehousing) capital;

3) Other documents defined by the Central Bank of the Russian

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

The legislation of the Russian Federation, 2013, N 30, st.

4084).

8.

The

specialized depot is selected as a result of the competition

one specialized depot.

9. Number of control companies, selected by results

Management Contracts

The terms of the competition are

set by . After the first day since

coming in Federal of the competition

Conclusion of trusts is selected at least

three control companies. In the case of if as a result of

contest number of companies

Management Contracts

companies

contracts based on this competition, less than three

additional contest with criteria

selection.

10. A portion in which the savings for housing,

transmissions in trust will

spread between companies ' companies

trusts

management, and criteria for its definition are specified in conditions

contests.

11.

specialized depot for authorized federal authority

can participate in a specialized depot,

custom

Pension Fund of the Russian Federation.

12. Control company or specialized depot not

allowed to participate in the contest, if the Delegate Federal

body declined from contract with control

company or specialized by the

parts 12 and 14 articles 17 and respectively

6 and 8 of Article 18 of this Federal Law, and since this

failed less than two years.

13. contests opinion

custom depot

federal and trusts

management, criteria and order of weighted aggregate

rating (rating) of the

control's specialized

is set by the Central Bank of the Russian Federation (in

Federal Law of 23 July 2013 N 251-FZ - Collection

Russian legislation, 2013, N 30, sect. 4084).

Article 25. Transfer of savings for housing

By the Federal Control Authority

companies and operations features with

savings

1. The housing

companies are formed from accumulative contributions and other

savings for housing based on

true Federal Law, with the exception of the tools in

matches with approved for the plan

using Contributing-Mortgage Systems

savings for housing for in three months,

next for by the authorized body

accumulative contributions and other savings for housing.

2. To perform operations with for housing

control company must open in

organization, satisfies the requirements of 23

Federal Law, separate bank (separate

bank accounts). For money, in the specified

account (s), cannot be recovered by obligations

body of the federal body, specialized

Depot or company control bound with target

Using Members Contributing-a-Mortgage

savings for housing.

3. Transfer collections for housing

formed in order, of Part 1 of this Article,

trusted by by by

enumerations separate bank account (individual banking

accounts) companies in and in terms that

is set by trust management contracts.

4. Subjects Investment

savings for housing, others involved in

savings investment process for housing

right:

1) receive or credit

contracts money or other to be returned from

savings for property;

2 list separate bank account (separate

bank accounts) for operations for

{ \cs6\f1\cf6\lang1024

}

{ \cs6\f1\cf6\lang1024}{ \cs6\f1\cf6\lang1024

}

for housing.

5. The company's operations

savings for housing may not be eligible:

1) implement (output) money

individual bank accounts (separate accounts) for

with savings for housing in

other goals, than the goals set by this Federal Law,

and without the prior consent of a specialized depositary;

2 Donation to dispose of for housing

collateral;

3) grant savings account for housing

collateral;

4) buy from savings for housing

securities of their affiliates;

5) buy in pieces of paper, in

investment portfolio;

6) buy from savings for housing

securities owned by the management company;

7) sell valuable paper, in investment

portfolio, the shareholders (s) of the managing company.

6. When investment for housing

managing companies are not entitled to make marginal transactions.

7. (Part 7 is lost due to Federal Law

4 December 2007 N 324-FZ-Legislative Assembly of the Russian Federation

Federation, 2007, N 50, art. 6237)

Article 26. Management Company Investment Declaration

(name in red. Federal Act of 28 June 2011 N

168-FZ-Legislative Assembly of the Russian Federation Federation, 2011, N

27, Art. 3879)

1. Requirements for investment of savings for housing

collateral, composition and the investment of the portfolio

is defined in the management company's investment declaration.

2. The investment of the control

Contain:

1) the investment target for housing

{ \cs6\f1\cf6\lang1024}Investment Management{ \cs6\f1\cf6\lang1024

}

for funds transferred to trust;

2) list of investment objects ( assets)

company has the right to purchase for savings account for

housing, passed to in trust

federal authority;

3) A description of the risks, related investing in

investments (types of assets) that the management company has the right

buy for for housing

approved by Federal Commissioner

organ;

4) the investment structure of the (in red. Federal

Law of 28 June 2011 N 168-FZ-Law Assembly

Russian Federation, 2011, N 27, Art. (...) (...)

3. (Part 3 is no more effective under the Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

4. Investment Declaration of the Managing Company is approved

control company and submitted to authorized federal

body in time, established by the trust management contract, and

in the case of paragraph 3-1 of Part 2 of Article 20 of the present

Federal Law, - The Commissioner

federal authority (in the case of Federal Act of 28 June 2011

N 168-FZ-Russian Federation Law Assembly, 2011, N

27, Text (...) (...)

5. The investment portfolio structure can be defined in

form of investment index. In this case, the index, according to

with investing, must be approved

Central Bank of the Russian Federation. Management Considerations

investment portfolio, whose structure is defined in form

investment index, also investment

declarations are set by the management trust (in

The Federal Act of 23 July 2013 N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

Article 27. Requirements for the Total InvestmentStructure

Portfolio and Investment Framework Requirements

Portfolio

1. The structure of the investment of the investment

meet the following basic requirements:

1) maximum share of one issuer or of the group

related issuers in the total investment portfolio should not

greater than 10%, except government securities

Russian Federation. Federal Act of 4 December 2007

g. N 324-FZ-Assembly of Russian legislation, 2007,

N 50, Art. 6237);

2) ( 2 expired by Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

3) ( 3 expired by Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

4) maximum cumulative investment

one 10

Capitalization;

5) maximum in the investment investment

one 10 percent

cumulative

issuer, for with the exception of Russian government securities

;

6) public securities of the Russian Federation of one

releases should not exceed 30 percent in access

The Russian Federation'sState of this Release

Their Nominal Cost and 10% of Total Investment

portfolio;

7) (Paragraph 7 was introduced by Federal Law of December 4, 2007). N

324-FZ -Collection of Russian legislation, 2007, N

50, st. 6237; expired by Federal Act of 28

June 2011 N 168-FZ - Collection of legislation

Federation, 2011, N 27, art. 3879)

2. (Part 2 is no more effective under the Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

3. The maximum share in the investment investment

separate classes of assets determined by the Government of the Russian Federation

Federation.

4. The minimum share in the investment portfolio

assets, liquidity, set

Central Bank of the Russian Federation according to forecast

in cash to pay out savings for

housing (in the red. Federal Act of 23 July 2013

g. N251-FZ-Assembly of Russian legislation, 2013,

N 30, article 4084).

5. The maximum share in the investment investment

securities of foreign issuers of the Russian Depository

statements should not exceed 30 percent (in . Federal

Law of December 4, 2007 N 324-FZ-Legislative Assembly

Russian Federation, 2007, N 50, st. 6237).

6. At investing in government securities

Russian Federation control company at initial location

may not can request by 25 percent

the issuer of the

par value.

7. In the case of a primary location of any release

Russian Federation's

State of the Actual Share

acquired management will

constraint, set by paragraph 6 of Part 1 of this Article, it

has no right to purchase public valuable

papers of the Russian Federation of this issue until its share

will not meet the requirement in 6 of Part 1 of this

articles.

8. The investment portfolio is valued at the market value.

requirements, set by Part 1 of this

is calculated based on the nominal value of the bonds.

9. Monitoring requirements for and structures

investment portfolios and of the investment of the portfolio

is implemented by a specialized depot (under the name of the depositary). Federal

Law of December 4, 2007 N 324-FZ-Legislative Assembly

Russian Federation, 2007, N 50, st. 6237).

10. maxed

specific asset class in investment portfolio,

market value change

volume in circulation, as a result of company

valuable paper, investment portfolio, other

company Other causes,

company's control, it mustadjust

asset structure in structures

investment portfolio within six months of discovery

specified violation (ed.) Federal Act of 4 December 2007

g. N 324-FZ-Assembly of Russian legislation, 2007,

N 50, article 6237).

11. maxed

specific asset class in the investment portfolio structure in

result of

violation within thirty days of

violations and refund to the authorized federal authority,

caused by deviation from installed asset structure

and transactions to correct the structure of the assets (in the red.

Federal Act of 4 December 2007 N 324-FZ -Collection

Laws of the Russian Federation, 2007, N 50, st. 6237).

12. Total Investment Portfolio Adjustment Order

Russian Federation Russian (part of 12

was introduced by Federal Law from 4 December 2007 N 324-FZ

The legislation of the Russian Federation, 2007, N 50, st.

6237).

13. The investment structure of the portfolio is defined

authorized body with requests

Articles (Part 13 is introduced by the Federal Act of June 28, 2011). N

168-FZ-Legislative Assembly of the Russian Federation Federation, 2011, N

27, Text (...) (...)

Article 28. Investment Payment Required

savings for housing

1. Payment for necessary expenses on investment of savings

for housing is made from such savings.

2. Shipping Dept of the Depot Service

provided to the federal authority and control

companies, along with the order and timing of the accrual and retention (payment)

compensation and fees for a specialized depot

defined by management trust

Depot Service

authorized body and contract for services

specialized of the control companies (in .

Federal Act of 4 December 2007 N 324-FZ -Collection

Russian Federation Federation, 2007, N 50, st. 6237;

Federal Law of 28 June 2011 N 168-FZ - Collection

Laws of the Russian Federation, 2011, (...) (...)

2-1. one remuneration

trust control's value,

0,05% of savings for housing

(remainder -base pay) and 1% positive

financial result from investing savings for housing

collateral, received (next - )

result), if return is not an average annual bet

refinancing Central of the Russian Federation

reporting year (hereinafter referred to as the annual refinancing rate). If

yield exceeds annual refinancing rate, size

company's contract

trust management is equal to the sum of base

part of compensation, 1% of the base financial result and

10 percent , positive

result exceeds base financial result (part 2-1 entered

Fed by Law 28 June 2011 N 168-FZ -Collection

Laws of the Russian Federation, 2011, (...) (...)

2-2. The value for for the housing

Calculating the Management Company's Remuneration in

Part 2-1 of this article is calculated based on:

1) value of the net investment investment

calculated or, if contract

trust in current - on the date

conclusion of the specified contract;

2) Sum of savings for housing, transferred

federal investment

portfolio in current year, less savings for housing

collateral, transferred this year from the investment portfolio

authorized body or person named.

(Part 2-2 introduced by the Federal Law of June 28, 2011). N

168-FZ-Legislative Assembly of the Russian Federation Federation, 2011, N

27, Art. 3879)

2-3. Method of calculation of financial result for calculation purposes

control company's Remuneration in accordance with Part

2-1 of this article is set by the Central Bank of the Russian

Federation trusted by the authority

(Part 2-3 was introduced by Federal Law of 28 June 2011). N 168-FZ

-Russian Law Assembly, 2011, N 27, st.

3879; in red. The Federal Act of 23 July 2013 N 251-FZ-

Russian legislation collection, 2013, N 30, st.

4084).

3. Base financial sized goals

compensation of the management company in with Part 2-1

true article is calculated from the average annual of the rate

refinancing and savings for housing (in

The Federal Act of 28 June 2011 N 168-FZ-Assembly

Laws of the Russian Federation, 2011, (...) (...)

3-1. If of the year's financial result

is negative, base part of the award,

control company during the reporting year, to be returned to

investment portfolio for the financial

result, but 50 percent of the base part

rewards (Part 3-1 introduced by Federal Law from 4 December

2007. EN 324-FZ-Assembly of Russian legislation,

2007, N 50, article 6237; in red. Federal Act of 28 June 2011

N 168-FZ-Russian Federation Law Assembly, 2011, N

27, Text (...) (...)

4. { } { \cs6\f1\cf6\lang1024 } cost costs

control companies cannot exceed 1 percent of average cost

pure assets, in trust management

{ \cs6\f1\cf6\lang1024

}related contracts{ \cs6\f1\cf6\lang1024

}in the reporting year, including

Depot Service

trusted federal body and by companies

may exceed 0,08 % of the calculated average

the net assets, actual

expenses incurred by a specialized in in

rights to securities, to which investments

for housing, debit-holder accounts (in

Federal Act of 4 December 2007 N 324-FZ-Assembly

Laws of the Russian Federation, 2007, N 50, st. 6237).

5. { \ } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } {

housing includes costs that

associated with trust control

tools, expenses

specialized depot, trusted

federal authority and management companies, payment for auditors

according to 29 Federal

law, Insurers

responsibility according to the provisions of 31

Federal and payment for other participants ' services by

formation and investment of savings for housing.

6. The accumulation of for housing

used for maintenance of authorized federal body.

7. (Part 7 has ceased to be valid under the Federal Act

June 28, 2011 N 168-FZ- Assembly of the Russian

Federation, 2011, N 27, art. 3879)

8. Reflects the amount of savings for housing on

Contributors The

amount

is adjusted for the expenses of the

1

articles.

Article 29. Requirements for auditing legal entities involved

Mortgage System

1. Financial (Accounting) Reporting

investing in the housing of the

companies, , and financing of savings target

for housing is subject to mandatory audit.

2. Financial (Accounting) Special Reports

depository of when it is compliant

activities by management savings management

for housing for requirements for Federal

law, other federal laws, other regulatory legal acts

Russian Federation Central Acts

Russian Federation Investment s

companies, Other Features

providing Depot Depot

Federal

specialized of control to companies, to

mandatory audit (under Ed.) Federal Act of 28 June 2011

N 168-FZ-Russian Federation Law Assembly, 2011, N

27, Text 3879; of the Federal Act of 23 July 2013. N 251-FZ

The legislation of the Russian Federation, 2013, N 30, st.

4084).

3. Audit organization activity

correspondence with parts 1 and 2 of this article, may

affiliated custom

control company with which an authorized federal authority

enclosing treaties in with

locations

Federal Law, or Affiliated

the specified specialized custodian or managing company.

One and may not

mandatory company audit

(specialized Depot) for more than five consecutive years.

4. The audit requirement in

compliance with

free

legal entities, participating in the storage-mortgage system

responsibility to provide all required information and reporting

for checks, of the Audit Chamber of the Russian Federation in

correspondence with the legislation of the Russian Federation.

Article 30. (Uspent force on the basis of the Federal Act

4 December 2007 N 324-FZ-Legislative Assembly of the Russian Federation

Federation, 2007, N 50, art. 6237)

Article 31. Liability insurance

Depository and Managing Companies

1. The specialized depositary must insure the risk of its own

responsibility before trusted by

companies for service contract violations

specialized depot for authorized federal authority

and companies companies, caused by errors, by negligent or

willful illegal actions (omissions) workers

specialized of the or intentional illegal

actions (omissions) other persons. specified illegal

action (idle) includes computer crime

information, crimes, directed against the service in

business and other organizations, economic crimes.

2. companies have the company's insurance risk

responsibility before trusted by

breach of trust, caused by errors

negligence or wrongful actions

(non-action)

or

illegal actions (omissions) of other persons. To specified

illegal actions (idle)

scope of computer information, crimes directed against

service interests in commercial and other organizations, crimes in

The economy.

3. Insurance amount in which Underwriter undertakes

repay when each

insurance case within the specified of Part 1

true Article of the liability

specialized depositary, cannot be less than 30

.

4. Insurance amount in which Underwriter undertakes

repay when each

insurance case within the specified of Part 2

real article of the liability insurance contract

company, cannot be less:

1) 5 percent for the housing stock

passed into trust management this company control

if the specified amount is less than or equal to 600 million roubles;

2) 30 million rubles, if the sum of savings for

collateral transferred to trust management of this control

The company's revenue in the second half of the year was $51.5 million.

5. If Terms of Liability

specialized of the and insurance

responsibility for company partial

underwriter from refunds

(franchise), (franchise) may

exceed size of insurer

The

occurrence of an insurance event.

6. Custom control of company

risk insurance by

concluding appropriate insurance contracts with insurers

meeting the requirements of Part 8 of this article, and

Also other requirements of the legislation of the Russian Federation.

7. Specialty Depot and Managing Companies, not

enclosing appropriate insurance policies in

compliance with requirements of this right

perform operations, related savings investment for

housing. On conclusion, extension and termination of duration

actions of the responsibility for custom

Depot and Control

Insurers inform authorised federal authority in

is the order that you have installed.

8. Specified in Parts 1 and 2 of this Article, Risk Insurance

responsibility for specialized depot and risk insurance

responsibility of management companies to perform as

insurance requirements

organization:

1 insurance

responsibility of relationship entities on investment

for housing to provide matches

Federation Russian Federation Insurance Property

activity (in The Federal Act of 23 July 2013 N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, art. 4084);

2) having a capital (native) of at least 1

bln rubles or implementing insurance in order

with organizations that have

aggregate capital of at least 1 billion rubles;

3) having insurance experience in parts 1 and 2 of this

The

article of the respective risks of liability for at least three years.

9. Liability insurance contract

investing savings for housing cannot be

concluded with an insurance organization if:

1) it was subject to insolvency (bankruptcy) procedures

(observation, financial healer, external control,

competitive production) or

license

revocation of this license for the last two years;

2) is an affiliate of custom

Depot or company of company

The

federal body has contracts in accordance with article 17

or article 18 of this Federal Law, or Affiliated

The

face of their affiliates.

10. Organization, reinsurance

risks, insurers insurance

responsibility for on savings investment

for housing , must match requirements,

The

paragraph of Part 8, paragraph 2, of this article.

11. Public regulation of tariffs

is implemented by setting up according to this

Federal Law of Economic Insurance Tariffs or

levels tariffs and

order of insurers

Insurance premium for liability insurance contract.

12. Insurance Premiers

responsibility, structure and how the insurers apply

to determine the size of an insurance premium insurance

responsibility of is set Central by the Russian

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

The legislation of the Russian Federation, 2013, N 30, st.

4084).

13. Insurers Notify Central Russian

Organizations

have appropriate reinsurance contracts in the installed

The

organ of the order (reed). Federal Act of 23 July

2013. N 251-FZ-Assembly of Russian legislation,

2013, N 30, article 4084).

Article 32. Conflict of interest

1. Measures to prevent conflict of

Relation of of the Federal Authority

control,

public control (oversight)

build, invest and use for

housing security, is implemented By the Russian

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

The legislation of the Russian Federation, 2013, N 30, st.

4084).

2. Measures preventing conflicts of interest in

ratio of management company officials, specialized

Deposits and Other Accumulation Actors

for

professional ethics of the respective organizations.

3. Measures to prevent conflict of

Central of the Russian Federation Central

set by the Central Bank of the Russian Federation (Part of 3

was introduced by the Federal Act of 23 July 2013. N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

Article 33. Code of Professional Ethics

1. Model professional ethics code

regulation, aimed at protecting rights and legitimate interests

owner of savings for housing and participants and

organizations, hosts in withsaving for

housing matches with Federal

law.

2. The professional codes of ethics are adopted

companies, brokers, specialized Depository based

model code of the professional ethics approved for purposes

true Federal Central Russian bank

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

Russian legislation collection, 2013, N 30, st.

4084).

3. The Code of Professional Ethics should include its Code of Ethics

rules of and procedures, required for compliance by all

faces and employees of relevant organizations, as well as sanctions,

which are applied to violators for non-performance.

4. The professional code requirements must be

target:

1) detect and prevent conflicts of interest

specialized depot, managing companies, brokers in

savings investment for housing;

2) detect and preventconflicts of interests

and company employees

specialized depot, brokers in

investment savings for housing;

3

employees in specialized

depot, company's control information broker

which can affect the market price of assets, in

which allocate savings for housing, and

information that is not published, for retrieval purposes

material and personal gain as a result of a purchase (sale) of value

paper;

4 security of the commercial

investment savings for housing, in

trust management

5) compliance requirements of the professional ethics

Central Russian Federation

Federal Law of 23 July d N 251-FZ - Collection

Russian legislation, 2013, N 30, sect. 4084).

5. (Part 5 is no more effective under the Federal Law

29 June 2015 n 210-fZ-Assembly of Russian legislation

Federation, 2015, N 27, art. 4001)

6. Specialized depot, companies managers and

Russian Federation Implementation

requirements

professional ethics. Order, dates and form

specified is set by the Central Bank of the Russian

Federations (to the red. Federal Act of 23 July 2013 N 251-FZ-

The legislation of the Russian Federation, 2013, N 30, st.

4084).

Chapter 6: Management, control and supervision of relations

By Usage, Investment, and

savings for housing

(name in red. The Federal Law of July 23, 2013. N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, Art. 4084)

Article 34. Regulation, control and supervision in the field

composition, investment, and

use of savings for housing

security

1. State control, control

(oversight) in

The use of savings for housing is implemented in

compliance with this Federal law, other Federal

laws, Governments of the Russian Federation

The

normative legal acts of the authorized federal authority.

2. State control (supervision) of target use

budget allocations and for housing

in with Russian

Federation.

3. { } { \cs6\f1\cf6\lang1024 } investment

savings for housing for

specialized companies, companies

credit organizations and requirements

Federal Law, Other Legal Laws of the Russian

Federation and Central Acts Russian

Federation, governing relations, related investment

savings for housing , are implemented by Central

Russian Federation Bank.

(Article 34 Ed. Federal Law of 23 July 2013 N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, Art. 4084)

Article 35. Implementation by the Commissioner of Federal

executive authority and central

Russian Federation Bank Features

regulatory framework,

State Control (Surveillance)

composition relations, investment

and savings use for

housing

1. The executive body of the federal

control's regulatory

public control (oversight)

build, invest and use for

housing, performs the following functions and authorities:

1) accepts legal acts in formations,

investing and of savings for housing

collateral;

2 performs compliance

Russian Federation for Formation and Savings Use

for Federal Orhousing

authorities where the federal law provides for military service;

3 obtains from the federal executive

Federal Military

information about

Using Savings for Housing, Other

information based on federal laws;

4 refers to the federal executive

federal military

questions, related

savings use for housing;

5) issues Federal

directives

authorities where the federal law provides for military service

Russianviolations

of violations

Federation

housing. In the case where the issuance of the specified requirements

included in custom of the

executive

authorities,

Requirements

corresponding federal executive

according given must send immediately

corresponding executive order

authorities where the federal law provides for military service;

6) examines the receipts of the and

directions for investment of savings for housing,

about the funds covered by the participants accounts

about the use of savings members for housing ,

as well as investment for

{ \cs6\f1\cf6\lang1024

}

{ \cs6\f1\cf6\lang1024

}

{ \cs6\f1\cf6\lang1024

}

control

companies;

7) accesses style="mso-spacerun:yes"> legitimate

savings owner for housing

Eliminating Effects of Russian Law

Federation and Reparations for Relationships

and investment for housing

ensuring in the violation of the law of the Russian

;

8) takes other actions,

Federal Act, other federal laws and approved

Russian Federation delegate

federal executive authority that performs functions on

regulatory control, control

(supervision) in by the investment

Use of savings for housing.

2. The central of the Russian Federation

following functions and authorities:

1 regulates Depot's activities

management companies, credit organizations and in

relationship investment for housing stock;

2) accepts normative investment

savings for housing;

3 performs law

Russian Federation investment for housing

custom depot

Managing Companies, Credit Organizations and Brokers;

4 receives the custom control,

companies, credit and

implementing on investment for

housing, as well as other information based on requirements

federal laws

5) throws of the custom depot to

companies, credit and to brokers

Eliminations of Russian Violations

Federation for Investment Savings for Housing;

6) reviews audit reports

specialized Depot, companies companies, credit

organizations and brokers on investment of savings for housing

collateral;

7 performs Depot

management companies, credit organizations, and brokers;

8) sends specialized to

control

companies, credit and to brokers

Violations

Russian Federation Law on Investment of Savings

for soldiers ' housing, as well as a view in

Central Bank of the Russian Federation of Information, Required for

to oversee compliance with specified requirements

true Federal laws, Federal

Regulatory Acts Central of the Russian Federation

regulatory investment relations for

collateral;

9) takes other actions,

Fed by law, by other federal laws in

relationship to investment of savings for housing.

(Article 35 ) Federal Law of 23 July 2013 N

251-FZ-Legislative Assembly of the Russian Federation Federation, 2013,

30, Art. 4084)

Chapter 7: Final provisions

Article 36. Entry into force of this Federal Law

This Federal Law takes effect on January 1, 2005

years.

Moscow, Kremlin

20 August 2004

N 117-FZ