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On cancelling licence of management company

30 October 2014
Press release

On 28 October 2014, the Bank of Russia took a decision to cancel licence to manage investment funds, unit investment funds and non-governmental pension funds issued to CITY CAPITAL CENTRE MANAGEMENT COMPANY, limited liability company (hereinafter, the Management Company) (PSRN: 1117746350556; Licence No. 21-000-1-00928 dated 13 September 2012).

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


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30.10.2014 00.00.00