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On cancelling licence of management company

4 December 2014
Press release

On 4 December 2014, the Bank of Russia took a decision to cancel the licence to manage investment funds, unit investment funds and non-governmental pension funds issued to Active Asset Management, limited liability company, (hereinafter, the Management Company) (short name is MC Active Asset Management LLC, location: 25/1 Kotelnicheskaya Embankment, 115172 Moscow; PSRN: 097746710973, TIN: 7718783921; licence No. 000-1-00716 dated 20 April 2010).

The reasons to cancel the licence issued to the Management Company were:

repeated non-compliance within a year with the Bank of Russia instructions by the Management Company while conducting the activity envisaged by the licence;

repeated violation within a year of requirements for dissemination, provision and disclosure of information stipulated by the federal laws and regulations of the Russian Federation while conducting the activity envisaged by the licence.


The reference to the Press Service is mandatory if you intend to use this material.

04.12.2014 00.00.00