Necessary expenses of management companies for investing pension savings funds – definition and meaning of "Necessary expenses of management companies for investing pension savings funds"

Necessary expenses of management companies for investing pension savings funds - expenses directly related to the trust management of funds transferred to management companies, compensation to the specialized custodian for expenses incurred by it as a nominal holder of securities into which pension savings funds are invested, as well as payment for services provided by the specialized custodian, auditors, insurers under compulsory insurance liability contracts, and other participants in relations concerning the formation and investment of pension savings funds¹.

Federal Law No. 182-FZ dated July 18, 2009, "On Amending the Federal Law 'On Non-State Pension Funds' and the Federal Law 'On Investing Funds for Financing the Accumulative Part of the Labor Pension in the Russian Federation'", as amended on July 18, 2009, Article 2, subpara. b#7 // Official Gazette of the Russian Federation. 2009. No. 29. Article 3619. ↩