The disclosure process for foreign and Russian investors will become simplified.
Since 8 May, the disclosure requirements for investors who hold securities in a depositary programme account for the purpose of participating in a general meeting of shareholders have been significantly simplified.
As of 13 April, in accordance with Law no. 3995-U, the depositary programme account holder should disclose the following information on its entitled investors – any legal entities and foreign non-legal entities holding ownership or exercising rights for the Russian securities:
- For a Russian legal entity: its full and short legal name, as well as its legal entity identifier (LEI) or state registration data and date or legal address.
- For a foreign legal entity: its full legal name (in foreign language), as well as its LEI or state registration data and date or legal address.
- For a foreign non-legal entity: its legal name and address or other registration attributes.
Contact:
Yuliya Shibukova
Relationship Manager, GSS Russia
Yuliya.Shibukova@unicredit.ru