Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
Non-state pension funds (NPF) will be required to identify and manage conflicts of interest. Funds will be able to allow a conflict to arise only if they have notified their clients about it and their rights are not violated. The corresponding Bank of Russia instructionregistered by the Ministry of Justice of Russia.
The document defines the rules for identifying conflicts of interest and describes specific situations that may lead to this, for example, if an NPF acquires securities of an affiliated company or makes a transaction with an associated person. Funds will have to keep mandatory records of information on conflicts of interest.
The requirements imposed on NPFs are similar to the approaches to regulating conflicts of interest of professional participants and management companies and are aimed at strengthening the protection of the rights and legitimate interests of fund clients.
The directive comes into force on February 21, 2025.
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Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
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