On suspending insurance broker licence

By its Order No. OD-1158, dated 26 May 2015, the Bank of Russia suspended the insurance broker licence of the Insurance Broker BARS, limited liability company (registration number in the unified state register of insurance agents 4092).

The decision is taken due to the company’s failure to timely execute Bank of Russia instructions, namely, due to the non-submission of information on the insurance broker activities in 2014. The decision becomes effective the day it is published in the Bank of Russia Bulletin.

The insurance agent is given 5 calendar days from the date the order becomes effective to eliminate the identified violations.

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27.05.2015 00.00.00