The Russian Central Bank considers to remove hurdles for foreign investors.
In order to simplify the process of disclosure for foreign investors, the Central Bank of the Russian Federation (CBRF) announced an initiative to exclude no. 3680-U of 15 June 2015 from the directives of the Bank of Russia.
This article covers the requirements regarding procedure and format of information submission by foreign organisations operating in the interest of other persons in terms of owners of securities and other persons who exercise their rights to the securities, as well as of the number of securities which such persons possess, including the requirements of the number and date of registration disclosure.
Contact:
Ksenia Liskina
Relationship Manager
Global Securities Services Russia
Ksenia.Liskina@unicredit.ru