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New rules for issuer inspections came into force on March 11

DATE: April 18, 2024 | AUTHOR: AT

New Central Bank rules for conducting inspections of issuers’ compliance with JSC and securities legislation, approved by Bank of Russia Instruction No. 210-I dated October 2, 2023, came into force on March 11

Major changes include:

- complex (overall inspection of an issuer for a specified period) remote inspections are no longer carried out

- period for conducting an on-site inspection can be no longer than 3 months (may be extended up to 3 months if there are legal grounds). This period previously included possible extensions.

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