Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
The purpose of establishing requirements is to prevent unqualified and unscrupulous persons from gaining control over the activities of financial market participants, as well as to protect the rights and legitimate interests of these participants, their clients and counterparties.
Reference materials, presented in the form of summary tables, will help determine which officials in a specific financial market participant are subject to requirements for business reputation and qualifications, and understand whether the assessment of compliance with these requirements is carried out as part of the approval procedure for a position (requiring the consent of the regulator for appointment (election) to a position) or as part of the procedure for notifying the Bank of Russia of the appointment (election) to a position.
The materials presented also contain information on the existence of requirements for the financial position and business reputation of the owners of financial market participants.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.