Russian assets confiscated in the United States will be compensated for by American assets located in Russia

Learn more

Garant – Free Online Demo

Legal information system for your company.
Simply click on the button «Start working» and the system Legislation of Russia in English will be available for unlimited time.

News

21.06.2023
REQUIREMENTS FOR OPENING TYPE ‘C’ BANK ACCOUNTS (TRUST MANAGEMENT)
Until the end of 2023, requirements are valid for activities of professional participants in the securities market in terms of opening type "C" trust management bank accounts and type "C" trust management depo accounts.
A managing director must open type "C" depo accounts in his own name to record rights to securities under securities management agreements concluded with non-resident clients, except for non-residents that are not foreign creditors from unfriendly countries.
The manager must open bank accounts of type "C" in his name to account for money received to fulfill obligations to foreign creditors from unfriendly countries in the amount of more than 10 million roubles per month or a similar amount in a foreign currency equivalent.
 

Archive

Contact Us

Leave us a message