A special recording procedure for certain securities will be in effect until the end of 2025

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16.01.2025
A NUMBER OF CONCESSIONS FOR FINANCIAL COMPANIES ARE PLANNED TO BE EXTENDED UNTIL 2025

The Bank of Russia plans to extend a number of concessions for financial companies until 2025. Thus, professional participants in the securities market, NPFs, management companies and infrastructure organisations operating in the financial market will have the right not to disclose a number of data specified in individual decisions of the Central Bank of the Russian Federation. This, for example, information about debtors, creditors, risks and transactions, the disclosure of which will lead or may lead to the imposition of sanctions. 

Temporary requirements will be applied to the activities of managers in terms of opening type ‘C’ bank accounts for trust management and type ‘C’ depository accounts of trust administrator.

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