Depository licence of professional securities market participant IK Title Broker LLC cancelled
On 10 April 2025, the Bank of Russia decided to cancel the depository licence of the professional securities market participant IK Title Broker LLC (TIN 9731068071; PSRN 1207700270150) (hereinafter, the Company).
The reason is the incompliance of the Company’s transactions in the securities market with special economic measures established by Executive Order of the Russian Federation President No. 138, dated 3 March 2023, ‘On Additional Temporary Economic Measures Related to Securities Trading’ pursuant to Federal Law No.
The licence is to be null and void from 11 April 2025.
The Company must terminate its depository activity in the securities market except operations required for settling the Company’s obligations to clients arising from its depository activity in the securities market, and ensure that clients have their assets back before 11 August 2025.
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