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On cancelling licence of management company

14 November 2014
Press release

On 10 November 2014, the Bank of Russia took a decision to cancel the licence to manage investment funds, unit investment funds and non-governmental pension funds (hereinafter, the Licence) of Invest Trading Company Management Company, limited liability company (hereinafter, the Management Company) (PSRN: 1107746769822; Licence No. 21-000-1-00788 dated 16 December 2010).

The reason to cancel the Licence issued to the Management Company was the Management Company’s failure to carry out the activity envisaged by the licence for more than 18 months.


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