05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
Bank of Russia Commission receives 555 applications for business reputation recovery
16.01.2020 16:52 / The Bank of Russia
During this period, the Commission upheld 239 complaints and dismissed 205 complaints. Another 17 inquiries were declined due to the absence of information on the subject matter. As of 1 January, 13 complaints were pending (under consideration). 81 complaints were not reviewed as they failed to meet the established requirements.
In addition, it is worth noting an upward trend in the number of complaints received by the Commission in 2019 (330) compared to 2018 (225). One of the reasons for this increase was the simplification of the procedure for individuals to find out whether databases contain information about them (the relevant service has been available on the Public Services Portal since 2 August 2019; as of 1 January 2020, inquiries numbered over 5,000).
Overall, as of 1 January 2020, the database included information on 7,504 persons whose activities are associated with financial institutions.
According to the effective law, appellants’ business reputation may be rehabilitated if they provide evidence of their non-involvement in the actions (inaction) that entailed adverse consequences for a financial institution. In this case, the Commission’s decisions constitute a legal ground for the Bank of Russia to remove the information on a complainant from the relevant database.