Our progress / MIFC News

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.

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Exchange trading exempt from Central Bank approval

18.03.2022 14:12 / TASS

The temporary ban on certain operations without the permission of the Bank of Russia does not apply to exchange trading, the regulator stated on Telegram.

"The presidential decree on additional temporary economic measures to ensure the country's financial stability in currency regulation introduces a temporary ban on certain transactions without the permission of the Bank of Russia. Please note that the decree does not concern instruments traded on the stock exchange," the Central Bank stressed.

The Bank of Russia clarified that the restriction applies to direct transfer of share in a limited liability company in Russian law, a contribution to the capital of a company, tranfer of share in a cooperative.

Earlier it was reported that Russian President imposed a temporary ban on certain operations without the permission of the Central Bank of the Russian Federation. The restriction will be in effect until December 31, 2022. The decree of the head of state notes that the permission of the Central Bank will be required for "operations for payment by a resident of a share, contribution, share in a property (authorized or share capital, unit fund of a cooperative) of a non-resident." A similar measure was introduced for operations "on a contribution by a resident to a non-resident as part of the implementation of a simple partnership agreement with investment in the form of capital investments (agreement on joint activities)".

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