Encyclopedia

Bank of Russia Directive


A Central Bank of Russia directive is a directive requiring the elimination of violations and (or) reduction of the specified party's participation in the fund's charter capital to a level not exceeding 10 percent of the fund's shares, or requiring the elimination of violations and (or) the execution of a transaction (transactions) aimed at terminating control over the fund's shareholders1.

  1. Federal Law No. 75-FZ of May 7, 1998 "On Non-State Pension Funds," amended on December 2, 2019, Article 4.1, paragraph 3 // Official Compilation of Legal Acts of the Russian Federation. 1998. No. 19. Article 2071. ↩

Laws with commentary

Codes and federal laws