On Bank of Russia decisions of 7 May 2014

On 7 May 2014, the Bank of Russia took the following decisions:

1.  To withdraw the licences to carry out broker, dealer, depository activities and operations to manage securities from the Moscow-based open joint-stock company National Business Development Bank, professional participant of the securities market, due to revocation of licence to carry out banking operations.

2. To withdraw the licences to carry out broker, dealer activities and operations to manage securities from the Moscow-based limited liability company commercial bank Local Credit, professional participant of the securities market, due to revocation of licence to carry out banking operations.

3. To withdraw the licences to carry out broker, dealer, depository activities and operations to manage securities from the Moscow-based open joint-stock company Zapadny, professional participant of the securities market, due to revocation of licence to carry out banking operations.

4. To withdraw the licences to carry out dealer activities and operations to manage securities from the Saint-Petersburg based closed joint-stock company IFC Fourth Dimension, professional participant of the securities market, on application.

5. To issue the licences of a professional participant of the securities market to carry out broker, dealer activities and operations to manage securities to the Kazan-based Agora Investment Company LLC.

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12.05.2014 00.00.00