Permission issued for investing assets of MP Stabilo II pension fund

At a request of MP Pension Funds Baltic the Board of the Bank of Lithuania permitted to invest up to 100% of assets of the pension fund MP Stabilo II, which has been formed of a part of the state social insurance contributions paid by insurers, into transferable securities issued by the Government of the Republic of Lithuania or money market instruments. Such permission was issued on condition that such investments would be made into no less than 6 issues of transferable securities or money market instruments and no more than 30 per cent of net assets would be invested into one issue of transferable securities or money market instruments. The permission will expire on 1 April 2013.