Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

Information Notice

On cancelling licence of professional securities market participant

On 11 November 2015, the Bank of Russia took a decided to cancel licence of a professional securities market participant to carry out depository activity of the Association of Legal Entities Depositary and Settlement Union (TIN: 7710190221).

The depository licence is terminated from 12 December 2015. From 12 November 2015, the Association of Legal Entities Depositary and Settlement Union is not entitled to open depot accounts and hold securities in nominee accounts, as well as to ensure by 12 December 2015 the possibility for its customers to transfer securities to personal accounts in the register of securities owners or to depot accounts in depositories.

The reason to take this decision was the repeated violation within a year of Russian securities legislation.

11 November 2015

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