On withdrawal of licences issued to LLC IFC Technology Capital, professional participant of the securities market, to carry out broker and dealer activities, operations to manage securities and carry out depository operations

The Bank of Russia took a decision to withdraw the licences to carry out broker, dealer, depository activities and operations with the securities from the limited liability company IFC Technology Capital (hereinafter referred to as ‘company’).

The reason to take this decision was multiple violations within a year of the requirements of securities market legislation of the Russian Federation including regulations of the federal executive body namely:

— the company repeatedly failed to receive mail to the address (location) of the company;

— the company failed to fulfill its obligations to disclose on the Internet the information about calculation of amount of its own funds;

— the company failed to comply with the procedure and meet the deadlines for presentation of the reports of the professional member of the securities market.

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08.05.2014 00.00.00