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Central Bank Expects SRO Act to be Passed by the End of 2014

20.06.2014 16:54 / MIFC

The Bank of Russia expects the Duma to pass the Financial Market SRO Act by the end of 2014, according to the Central Bank report on Financial Market Development Progress, published on the MIFC Taskforce website.

The report states that the draft of the Financial Market SRO Act has been introduced to the Government. The CB expects it to pass in the Autumn 2014 parliament session. The bill provides an option of the Bank of Russia to delegate certain function to financial market SROs.

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