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On cancelling licence to manage investment funds

25 July 2014
Press release

On 24 July 2014, the Bank of Russia took a decision to cancel licence to manage investment funds, unit investment funds and non-governmental pension funds (hereinafter, the Licence) of the closed joint-stock company Infina Management Company (hereinafter, the Management Company) (abbreviated name: CJSC Infina MC; location: 43 Bolshaya Polyanka, bldg. 3, Moscow, 119180; PSRN: 5067746966579; ITN: 7734551935; Licence No. 21-000-1-00869 dated 11 April 2012).

The reasons to cancel the Licence are as follows:

— repeated non-compliance within a year with Bank of Russia instructions by the Management Company when conducting activity envisaged by the Licence;

— the Management Company’s repeated violation within a year for more than 15 working days of terms for submitting the reports stipulated by the federal laws and the related regulations of the Russian Federation when conducting activity envisaged by the Licence;

— repeated violation within a year of requirements to dissemination, provision and disclosure of information stipulated by the federal laws and regulations of the Russian Federation when conducting activity envisaged by the Licence.


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25.07.2014 00.00.00