On cancelling licences of professional securities market participant

On 15 October 2015, the Bank of Russia took a decided to cancel licences of a professional securities market participant to carry out broker, dealer, depository activity and securities management of the joint-stock company Trust Invest Investment Company (TIN: 7719569705; PSRN: 1057748738101).

The reason to take the decision to cancel the licences was the repeated violation within a year of Russian securities legislation.

The depository licence is terminated from 16 November 2015. From 16 November 2015, the Company is not entitled to open depot accounts and hold securities in nominee accounts, as well as to ensure by 16 November 2015 the possibility for its customers to transfer securities to personal accounts in the register of securities owners or to depot accounts in depositories. From 16 October 2015 to 16 November 2015, the depositors are entitled to instruct the Company accordingly to transfer their securities as stipulated in the agreement (terms of the Company’s depository activities). Upon the expiry of the said period the Company is obliged to transfer customers’ securities to personal accounts opened by the Company in the register of securities owners in compliance with Russian legislation. In the event of failure to perform or improper performance of customers’ instructions or the Company’s failure to duly receive instructions to transfer securities, the depositors of the Company may seek judicial protection and/or apply to law enforcement authorities.

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15.10.2015 00.00.00