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Issuer of Russian depositary receipts


The issuer of Russian depositary receipts is a depositary established in accordance with the legislation of the Russian Federation, meeting the requirements set by Bank of Russia regulations regarding the size of its own capital (own funds), and carrying out depositary activities for at least three years1.

  1. Federal Law No. 39-FZ of April 22, 1996 "On the Securities Market", as amended on June 17, 2019, Article 27.5-3, paragraph 1 // Official Compilation of Legal Acts of the Russian Federation. 1996. No. 17. Item 1918. ↩

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