Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Members of the management bodies and employees cannot be (paragraph 1 of Article 10.1 of Law No. 39-FZ):
Persons who acted as the sole executive body at the time the organization committed violations for which licenses for the relevant types of activities were cancelled (revoked), or violations for which the said licenses were suspended and the said licenses were cancelled (revoked) due to failure to correct these violations, if less than three years have passed from the date of such cancellation (revocation). Persons who acted as the head of a branch of a foreign insurance organization at the time the organization committed violations in the activities of such branch for which the foreign insurance organization's license to conduct insurance activities was revoked, or violations for which the said license was suspended and the said license was revoked due to failure to correct these violations, if less than three years have passed from the date of such revocation. Persons in respect of whom the period during which they are considered subject to an administrative penalty in the form of disqualification has not expired. Persons who have an unremoved or outstanding criminal record for committing an intentional crime.
The founders (participants) cannot be (clause 1 of Article 10.1-2 Law No. 39-FZ):
individuals who have an unremoved or unexpunged conviction for committing an intentional crime.
Requirements for the organizational and legal form (clause 1 of Article 10.1-1 Law No. 39-FZ):
business company; a legal entity created in a different organizational and legal form (in cases stipulated by federal laws).
To the internal control system – paragraph 2 of Article 10.1-1 Law No. 39-FZ
To the risk management system – paragraph 4 of Article 10.1-1 Law No. 39-FZ
Measures to identify conflicts of interest – paragraph 5 of Article 10.1-1 Law No. 39-FZ
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