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Activity of provisional administration to manage LLC CAPITAL ASSET MANAGEMENT terminated

30 December 2021
Press release

The provisional administration to manage Limited Liability Company CAPITAL ASSET MANAGEMENT1 has fulfilled the obligation to transfer2 the mortgage coverage of Mortgage Participation Certificate CAPITAL for trust management to the state management company (the State Development Corporation VEB.RF).

Accordingly, on 28 December 2021, the Bank of Russia terminated the activity of provisional administration to manage LLC CAPITAL ASSET MANAGEMENT.

1 The temporary administration was appointed by Bank of Russia Order No. OD-2663, dated 21 November 2019, as LLC CAPITAL ASSET MANAGEMENT failed to fulfil its obligation stipulated by Subclause 1 of Clause 15 of Article 61.2 of Federal Law No. 156-FZ, dated 29 November 2001, ‘On Investment Funds’, after the cancellation of its licence to manage investment funds, unit investment funds, and non-governmental pension funds.

2 Pursuant to Part 4 of Article 22 of Federal Law No. 152-FZ, dated 11 November 2003, ‘On Mortgage Securities’.


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30.12.2021 17.00.00