A special recording procedure for certain securities will be in effect until the end of 2025
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
14.02.2025
TRANSFER OF FUNDS FROM TYPE ‘C’ ACCOUNTS IN THE EVENT OF BANKRUPTCY OF BANKS AND PARTICIPANTS IN THE SECURITIES MARKET HAS BEEN REGULATED
The Decree on the temporary procedure for fulfilling obligations to certain foreign creditors has been adjusted.
It is established that in the event of bankruptcy of a bank with which a type "C" account has been opened, funds from such account are not included into the bankruptcy estate. The temporary administration will have to transfer them to a credit institution determined by the Central Bank.
It has also been established that in the event of bankruptcy of an organisation that carries out professional activities in the securities market and with which a type "C" account has been opened, funds from such account should be transferred to a similar organisation determined by the Central Bank.
Contact Us
Leave us a message