Bank of Russia simplifies interaction with specialised depositories
30 April 2025
News
Specialised depositories will notify the Bank of Russia only of serious violations, which they have identified in the activity of management companies and joint-stock investment funds.
The Bank of Russia has made a list of cases that do not require any supervisory response. This will reduce the operational and administrative burden on the collective investment market participants.
Violations should not be reported to the regulator if they are temporary or technical in nature or if they pose no substantial risks to the activity involving trust management of investment funds’ assets.
The new rules come into force on 8 May 2025.
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